Defensive Divorce - 24 CPE Credit Hours
When someone is going through the trauma of a divorce they often do not realize that there are severe tax implications when making decisions such as:
(1) When to separate,
(2) When to file for the divorce,
(3) How to handle child support and alimony,
(4) Who is entitled to the deductions, credits and exemptions,
(5) How to divide property, and
(6) How to file the final return.
Interestingly enough, the one decision the divorcing taxpayers have almost always made on their own, and not always correctly, is whether to file joint or separate returns for the year or years preceding the finalization of the divorce.
It is imperative to have good advice when determining division of property, alimony, and child support. Although many couples want to save money and do everything themselves, this is not usually a good idea.