by Administrator | Sep 28, 2016 | Tax
1. Married filing jointly: Married taxpayers may elect to file a joint return or file as married persons filing separately. A husband and wife can file a joint tax return provided that a final decree of dissolution or decree of legal separation has not been filed on...
by Administrator | Sep 20, 2016 | Tax
Who Can Claim a Child as a Dependency Exemption: The dependency exemption for a child will be awarded to the parent who has physical custody of the child for the greater number of overnights during the calendar year. If the child spends an equal amount of time with...
by Administrator | Sep 20, 2016 | Tax
There are numerous tax issues that may arise as a result of divorce. It is highly recommended that clients seek the advice of a qualified CPA regarding taxable events pursuant to a divorce. The purpose of this article is to address commonly asked questions regarding...
by Administrator | Sep 20, 2016 | Tax
Itemized Deductions: Another common tax question in divorce is which spouse is able to claim the itemized deductions when the divorce is complete. It is always a good idea to address these issues in the settlement agreement and divorce decree so everyone is clear who...
by Administrator | Aug 25, 2014 | Tax
It is very important to consider the tax implications associated with divorce. A spouse going through a divorce should consult with a tax attorney and/or accountant to be sure that the choices being made are as tax advantageous as possible. It is also very wise to...
