United States:
Tax Issues And Divorce
01 April 2016
Fox Rothschild LLP
To print this article, all you need is to be registered or login on Mondaq.com.
A divorce raises any number of tax issues in the short and long
term. As described in my recent article in
Delaware Business Times entitled
"If there's one sure thing in divorce, it's
taxes," couples going through a divorce may need to
consider who will claim the dependency exemption for their
children, whether financial support is considered alimony for tax
purposes, and whether legal fees associated with a divorce are
deductible. Gathering the necessary information and planning
ahead can help parties avoid stress at tax time and beyond.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Family and Matrimonial from United States
An Executors Guide To Compensation
Morrison & Foerster LLP
Navigating the complexities of estate administration can be a daunting task, often requiring a significant investment of time and effort. In Alberta, the role of an Executor or Administrator of an Estate...
Child Custody Basics In Texas
Cowles & Thompson, PC
For parents considering divorce or separation, the impact on the children is of paramount importance. Custody issues can be complex and difficult to navigate.
How To Avoid Probate
Nyemaster Goode
When probate is required, the process can be expensive and time-consuming. To avoid probate court, with all its complications, consider these factors.