For tax purposes, a couple is considered married if their decree of divorce has not been finalized by December 31. Thus, the year that it is finalized is the year that most tax changes will take effect. However, if you consider the tax implications during the negotiation period, you and your spouse can make decisions…
Alimony is often a part of a divorce settlement, particularly with marriages of long duration. If you are considering or in the midst of a divorce, better act now to meet the new deadline set by the 2017 Tax Act. Specifically, the 2017 Tax Act will take away the right of a payor of alimony to deduct…
Can gaming really cause the end of a marriage? A divorce website in the United Kingdom recently stated that 5% of divorce petitions so far this year blamed “addiction to Fortnite” for the divorce. And the game just came out last summer. In the past we have seen social media and even “email communication” as…