Divorce can have a significant impact on your taxes. Many factors are at play, and you should talk with a tax preparer who is an expert in the intricacies of the tax impact on the newly divorced. The tax effect should be part of the negotiation process when dividing assets and determining child support since…
Read MoreWith a change in marital status come changes in tax filing – a lot of changes. When we use mediation to negotiate your divorce we will negotiate the different tax issues (such as who is able to take the children as deductions). We also recommend working with an accountant to make sure that you don’t…
Read MoreFor 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…
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