How Does Divorce Affect Your Taxes?

Calculator with tax documents

Filing taxes can be very confusing, especially for newly divorced couples who will be filing differently if their divorce was finalized the prior year. And it doesn’t help that the tax code keeps changing and adding new lines and forms. When married couples divorce, the tax laws change regarding to what each person can and…

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What is Tax-Deductible in Divorce?

woman computing expenses

The IRS keeps us busy learning all the new tax laws that have been enacted over the years, and with these changes, it makes it hard to know what can and cannot be deducted from your 2021 tax return. We like to share with our clients a few line items that may be deducted from…

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What You Should Know About Filing Your 2021 Taxes After Divorce

tax documents

Divorce is never easy. It’s filled with twists and turns that you usually don’t see coming. But when you use a non-adversarial approach, such as the collaborative divorce process, you both will work with a team of professionals that can help guide both of you and help you sort out your tax filing needs. One…

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How Does Divorce Affect Your 2020 Tax Filing?

calculating finances

Not only does a divorce bring emotional turmoil, but it also brings financial fallout, especially during tax time. When you agree to use collaborative divorce process, you have access to neutral financial professionals who can help with you plan for taxes going forward and help both of you develop an agreement that each person can sign off on.…

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Stock Options and Restricted Stock In Divorce

by Thea Glazer, CFP®, CDFA™, MS Accounting Glazer Financial Advisors When dividing property in a divorce settlement, stock options and restricted stock may be part of the marital estate. This brief overview provides a basic understanding of the factors you need to take into consideration. It does not go into all the many tax and…

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Broken Trust: Advice About Estate Planning During A Divorce

by Meredith L. Brown, Esq. Brown & Brown Many couples prepare Wills and Trusts in connection with a happy life event, such as the birth of a child. Frequently these documents are placed in a safe deposit box, never to be updated or even thought about again. When the unfortunate life event of divorce happens,…

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