Divorce Advice for Taxpayers

The Latest

  • October 8, 2015

    A change in life circumstances, whether good or bad, can affect your tax return.

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    Here are some...

  • September 5, 2014

    Are you trying to determine whether or not all of your income is taxable? While the IRS considers most types of income to be fully taxable, there are certain instances where your income may not be subject to tax.

    Taxable Income...

  • February 26, 2013

    NEW YORK (MainStreet) — If you are paying alimony you may be able to claim an “above-the-line” deduction on your 2012 Form 1040. To be deductible alimony payments must be in cash (or check)...

  • February 5, 2013

    NEW YORK (MainStreet) — There is a special “loophole” in the Tax Code that allows one spouse in a married couple who file separate returns to file as “Married Filing Separate” and the other...

  • November 15, 2012

    With everyone talking about the fiscal cliff these days, it’s easy to worry we might all be jumping off of it. Thankfully, experts say there’s no need to unpack your parachutes just yet, but there may be some cause for concern if tax rates...

  • November 13, 2012

    Divorce is a very difficult situation to go through because there are a lot of uncertainties. Unfortunately, there are little uncertainties when dealing with the IRS. If you are in the process of divorcing your spouse, you should understand how...

  • January 24, 2011

    If you are in the middle of a separation or divorce, you may wonder how your martial status will affect your tax refund status. In fact, there are some things you must take into consideration when dealing with you and your (soon-to-be) ex-spouse’...

  • January 5, 2011

    Filing your federal income tax forms when you’re separated from your spouse requires a little more decision making than usual. There are several options available to you. It all depends on your exact situation. However, you’re most likely going...

  • August 19, 2010

    Did you recently go through a divorce? In this case, you probably have some big questions on your mind, including: how do I file my taxes now that I am no longer married? It is important that you learn how to manage your taxes post-divorce. The...