If you’re looking to save on taxes, child support is not taxable or tax deductible. In other words, alimony is paid out of your gross income.
Tax and Divorce
If a spouse was making fraudulent claims on joint tax returns, can the innocent spouse be protected from prosecution?
If a stay-at-home spouse signed joint tax returns during the marriage and it turned out the moneyed spouse was under reporting income or making fraudulent claims, can the innocent spouse be protected from prosecution?
Where there are multiple properties, how will these be divided on divorce?
Where there are multiple properties, some owned by one spouse before marriage, some income properties and some family residences or vacation homes, how will these be divided on divorce? Are they all subject to division or are some exempt?
Divorcing After 50? Make Finances Your Top Priority
If you are one of the increasing number of married couples going through divorce after 50, making finances your top priority and setting financial goals could help you protect your future.
How could my income taxes be affected by my divorce?
There are a number of ways that taxes are affected when couples divorce.
What should a business owner’s first step be after being served with divorce papers?
It’s the same for everybody. Take a deep breath and realize that a divorce is a marathon, not a sprint. That’s one of the things that I tell almost all of my clients. Particularly for business owners, getting organized with your business bookkeeping is something that has caused problems in many business valuation cases. I’ve […]
Podcast: Family Lawyer Jon Feder on Divorce Financial Issues
Jon Feder, a New Mexico Family Lawyer, explains the tax consequences of divorce, property division, and divorcing when you own a business.
How Can My IRA Be Transferred To My Spouse?
How can my IRA be transferred to my spouse? Do I have to pay penalties or taxes on the transfer?
What Are The Pros And Cons Of Signing One Last Joint Tax Return?
Our divorce will be final before the end of this year. Do we have to sign one last joint tax return for the year? If not, what are our options – and what are the pros and cons?
Post-Divorce Financial Checklist
Here are 20 financial “must dos” after divorce. Once you’ve completed this list, you’ll be on the right track financially, and can rest assured you’ve done everything possible to take control and make the most of your finances.
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