Posts Tagged ‘taxes’
Divorce and Taxes: Who Gets to Claim the Kids?
Understanding tax implications due to your divorce can be confusing. When you choose the collaborative divorce process or mediation, you and your spouse will work with a team of divorce professionals, specifically a financial neutral or mediator who can help you and your ex navigate the huge ocean of taxes. One common question my clients…
Read MoreWho Gets to Claim the Kids on Their Taxes After Divorce? – Join Us for the Divorce Options(R) San Diego Workshop, March 2
Join us for the next Divorce Options(R) Workshop on March 2 to find out how your divorce affects your taxes and who gets to claim the kids. Learn more about our workshops and RSVP here.
Read MoreHow Does Divorce Affect Your Taxes?
Filing taxes can be very confusing, especially for newly divorced couples who will be filing differently if their divorce was finalized the prior year. And it doesn’t help that the tax code keeps changing and adding new lines and forms. When married couples divorce, the tax laws change regarding to what each person can and…
Read MoreHow Does Divorce Affect Your Taxes? – Join Us for the Divorce Options(R) San Diego Workshop, March 4
Did you know that divorce affects your taxes? Make sure you understand how. Join us for the next Divorce Options(R) Workshop on March 4 to learn the effects of divorce on taxes. Learn more about our workshops and RSVP here.
Read MoreWhat is Tax-Deductible in Divorce?
The IRS keeps us busy learning all the new tax laws that have been enacted over the years, and with these changes, it makes it hard to know what can and cannot be deducted from your 2021 tax return. We like to share with our clients a few line items that may be deducted from…
Read MoreWhat You Should Know About Filing Your 2021 Taxes After Divorce
Divorce is never easy. It’s filled with twists and turns that you usually don’t see coming. But when you use a non-adversarial approach, such as the collaborative divorce process, you both will work with a team of professionals that can help guide both of you and help you sort out your tax filing needs. One…
Read MoreStock Options and Restricted Stock In Divorce
by Thea Glazer, CFP®, CDFA™, MS Accounting Glazer Financial Advisors When dividing property in a divorce settlement, stock options and restricted stock may be part of the marital estate. This brief overview provides a basic understanding of the factors you need to take into consideration. It does not go into all the many tax and…
Read MoreBroken Trust: Advice About Estate Planning During A Divorce
by Meredith L. Brown, Esq. Brown & Brown Many couples prepare Wills and Trusts in connection with a happy life event, such as the birth of a child. Frequently these documents are placed in a safe deposit box, never to be updated or even thought about again. When the unfortunate life event of divorce happens,…
Read MoreClaiming ‘Head of Household’ Status, Dependent Children During Divorce
by Alex Kwoka, Attorney at Law, Law Office of Alexandra M. Kwoka If you are considering separating or divorcing, and/or moving from the marital home with a child or children, thinking about how you will file your tax return is important. First: When will you separate into two households? If you move out after June…
Read MoreDivision of Marital Assets in Divorce: Fairness and Respect
A recent Forbes Magazine article offers advice specifically to women about assets in a financial portfolio that they might overlook when working on the division of those assets in a divorce. From a practical standpoint, it’s true that people don’t always clearly identify or think about all of their “assets” at the time of divorce.…
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