Common Tax Issues Involved in Divorce
Don’t Overlook the Tax Issues Created By Your Divorce
Tax consequences follow many of the decisions made during a
divorce, settlement agreement, or marital dispute resolution – often for
many years to come. Whether you are involved in a divorce, separate maintenance
agreement or annulment, it is important to consider taxes and the implications
they may carry. Having knowledge of the tax issues created by your divorce
is essential. This is why you should have an experienced divorce lawyer
by your side.
Although your marriage may be coming to an end, the old saying about death
and taxes still rings true. While the institution of marriage has often
drawn comparisons to an economic partnership between two people, the truth
is that both spouses need to be aware of their responsibilities for any
and all tax liabilities incurred. Overlooking the tax consequences stemming
from your divorce would be a mistake, which is why we encourage you to
speak with the team at Lois M. Brenner, Esq. today.
Some of the most commonly overlooked tax implications include:
- Tax implications of spousal support
- Tax implications of child support
- Tax exemption for dependent children
- Deductibility of mortgage interest
- Tax implications of pensions and 401(K) plans
Lois M. Brenner Has Been Serving NYC Families for Over 35 Years
If you have questions about the tax issues that may be created by the breakdown
of your marriage, we encourage you to discuss your options with our New
York divorce lawyer, Lois M. Brenner, Esq., as soon as possible. You can
trust that your case will be in capable hands when you turn to our firm
for guidance. Contact our office today at (646) 663-4546 to request your
initial consultation.
Lois M. Brenner, Esq. is a highly skilled divorce litigator, strategist,
and mediator with decades of experience. Find out how we can assist you
with your divorce by giving us a call today.