divorce and taxes

Negotiating Your Divorce Settlement While Thinking About Taxes
Sooner or later in your divorce, you will have to consider negotiating a divorce settlement. When you do, you might find it helpful to make your negotiations with taxes in mind. When you are in the middle of an intense negotiation session regarding your divorce settlement, you might find yourself just wanting it all to be over. This kind of thought could be dangerous, especially when it’s strong enough for you to act on it. Agreeing to just anything for your divorce settlement just because you want it over as soon as possible could be something you’d regret for the rest of your life.   Of course having such thoughts, being under such stresses is understandable. However, when it comes to your divorce settlement negotiations, you have to be as serious as possible. You also have to tread carefully in this specific aspect of your divorce. One of the most important considerations you must have during your divorce settlement negotiations is about the changes in your taxes after your divorce. If you already have tax issues that are bothering you, you definitely should bring it up to the family law attorney who is assisting you.     Relevant Tax Issues During Your Divorce   When you are trying to come up with a divorce settlement that both parties will agree on, there are relevant tax issues that you should consider. You should consider such issues prior to signing your divorce settlement. Otherwise, correcting a wrong can cost you an arm and a leg if you do it after the divorce has already been finalized. When you have a family law attorney assisting you, he or she can advise you regarding tax matters. However, unless your attorney is a licensed CPA on the side, it’s better to hire another professional to […]

What are the Tax Ramifications of Your Divorce?