Divorce Advice for Taxpayers

The Latest

  • August 19, 2010

    Believe it or not, many unhappily married couples remain together simply for the tax advantage. Spouses seeking divorce advice are often unpleasantly surprised that after a divorce is finalized, the marriage tax break goes away.  The IRS...

  • August 19, 2010

    Divorcing couples who own a home need to seek divorce advice from a tax professional to determine how capital gains tax may come into play.  Currently, the IRS allows married couples to exclude up to $500,000 of the gain from a sale of a home and...

  • August 19, 2010

    If you are going through a divorce you are going to spend money ? there is no way around it. While divorce can be hurtful to your bank account, keep in mind that some of your expenses may be tax deductible. The advice that you receive from a tax...

  • August 19, 2010

    No matter whether a couple has been married two years or twenty, the process of deciding how to divide assets during a divorce can be depressing and downright stressful. This is why divorce advice can be crucial.

    Some nasty battles can...

  • August 19, 2010

    If a couple has a joint investment in a retirement plan, such as a 401(k) or IRA, and subsequently divorces, the plan can be divided to give each spouse their fair...

  • August 19, 2010

    We’ve all heard about high-profile celebrity divorce cases where gazillions of assets are divided between the two spouses and sometimes the custodianship of the children is spotlighted.  Divorce is never easy but a fair, ethical and knowledgeable...

  • August 19, 2010

    Do you pay child support or alimony due to a divorce? Do you receive one or both of these benefits from an ex-spouse? If you answered “yes” to either of these questions, it’s important to learn about the tax consequences and benefits that you may...

  • August 19, 2010

    There are certain implications that you should be concerned with if you are going through a divorce. Your tax circumstances are going to change and you should begin preparing for this as soon as possible. It’s recommended that you seek advice...

  • August 19, 2010

    A couple considering terminating their marriage may not fully understand the tax consequences of doing so and should consider consulting both a tax professional and an attorney for divorce advice.  Couples who have no children will simply change...