Here are two topics you’d probably rather not think about: divorce and taxes. If you’re separated or newly divorced, however, it could be worth your while to get some good financial advice about both.
Tax and Divorce
If my husband reports lower income than he earns, how can I ensure I’m paid my fair share?
My husband and I are getting a divorce and I’m worried that I won’t get the amount of spousal support I’m entitled to because my husband has always reported lower income for tax purposes than he typically earns. How can I ensure I’m paid my fair share?
Can I make my spouse sign a joint tax return if we divorce?
Tanya Helfand, a family lawyer in Whippany, answers: While a divorce case is pending and the parties are still married, if it makes financial sense to file a joint tax return to save money, the parties should do so. The Court has the power to compel parties to file a joint return or issue a […]
Will divorce impact my income taxes?
Loretta Hutchinson, a Certified Divorce Financial AnalystTM with offices in Florida, answers: Your income taxes can be affected in many different ways by your divorce. Some examples (using Florida tax rules) might be: Alimony payments are deductible by the paying spouse, but not child support. If you are the receiving spouse, spousal support payments are […]
Reinventing Yourself Financially After Divorce
When you’ve made a decision to get divorced, you’re eager to get things in order and move on as quickly as possible. A big part of moving on includes taking control of your finances. Here are some key issues you’ll want to work on immediately with your professional advisor.
Steering Clear of Financial Landmines
Understanding the financial and tax implications of your options – and avoiding financial landmines – is critical in creating a settlement that will last long-term.
Safe Harbor: A Financially Secure Future
Here’s help navigating the stormy seas of divorce – including 10 tips to help you avoid the common financial mistakes of divorce – so you’ll reach safe harbor: a financially secure future.
California Divorce: Can I make my spouse sign a joint tax return?
California divorce attorney Thomas Kendall answers: Can I make my spouse sign a joint tax return if we divorce? Read to see the answer.
5 Tax Traps to Avoid During Divorce
How to avoid five key tax traps during the divorce process.
5 Most Common Money Mistakes
From underestimating your monthly expenses to accepting an offer just to get it over with, here are the 5 most common mistakes people make when it comes to divorce and money.
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