May 14 2022 29 mins
Tax and Divorce.
How does one determine the appropriate tax filing status in the event of a divorce? What are the tax consequences of alimony? Should the parties file a joint return for as long as they are eligible (and what if there is already outstanding tax liability)? How should marital assets be divided? The Legal Tax Junkies shed light on these and hopefully ease the stress during this otherwise difficult time for taxpayers.
How does one determine the appropriate tax filing status in the event of a divorce? What are the tax consequences of alimony? Should the parties file a joint return for as long as they are eligible (and what if there is already outstanding tax liability)? How should marital assets be divided? The Legal Tax Junkies shed light on these and hopefully ease the stress during this otherwise difficult time for taxpayers.