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.
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Thank you Ms. Brenner! It was a rough summer trying to get our parenting agreement together.but you really helped. My ex-husband and I fought all summer about what the children's schedule would be once school started. Your endless guidance and productive sessions with us made all the difference. You straightened us out with your sound, caring advice. We both feel better now. Our kids feel better too. Thank you, thank you. We hope you had a great summer. We will recommend you highly to anyone needing a family law attorney.- Brenda
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Going through with our divorce was very difficult time for me and my ex husband. Finding the right lawyer was very confusing, frustrating and time consuming. I was very lucky to find Lois. She is professional and human at the same time. In a few sessions she answered all of our questions, gave us great advice and filled and filed all paperwork for us. Our divorce was finalized very quickly and thanks to Lois it was very smooth process. If my best friend would need a divorce lawyer I would recommend Lois without any reservations.!!! Christina C.- Christine C.
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I just wanted to take a moment to personally thank you for the wonderful job you did mediating our separation agreement and putting this document together. You not only saved us hundreds of thousands of dollars but helped avoid what would have been a disastrous future in court. I'm grateful you did not give up on us. If I ever am involved in another situation like this, and I hope I never am, I would certainly recommend your services.- J.M.
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We were looking for a mediator to help us with visitation issues we were having due to the pandemic. With all the problems we were having getting the kids back and forth, and arguing about taking trains and buses during visitations, we called Lois Brenner to help us make some decisions. She really set us straight. She spent a lot of time with us so we could get a parenting agreement together to set some rules we could both agree to. I feel a lot better now. Thank you Ms. Brenner.- Dina
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“You are extremely knowledgeable and the consummate professional.”- Ben and Jill
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Amazing, Skillful Mediator!!!! We went to see Lois Brenner for a mediation consultation. We had pretty much decided our marriage was over. We just wanted to end things fair and amicably. Lois Brenner spent so much time with us, and gave us great insight as to how the process would help us, we hired her on the spot. Our sessions thereafter were stealth. She organized us, helped us identify and address all the issues. She showed us how to communicate effectively throughout the process. We were able to address all our issues, especially property and finances, arrive at a comfortable settlement agreement, and now we are waiting for the judge to sign our divorce. What an extraordinary process. I highly recommend Lois Brenner and mediation. She’s super, and mediation really works.- Maggie and Josh
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My divorce was very stressful time. Since we were able to agree with my ex-husband on many important issues I originally thought that I will be able to fill in all the necessary documents by myself. It turned out that it is nearly impossible task. The amount of paperwork was overwhelming! I was not happy with some lawyers I've approached - too expensive, too impersonal, too aggressive. When I met Lois everything changed. For very reasonable price she was able to help us - talked to both of us, gave us great suggestions. Everything went extremely well. It was quick and painless. We could not thank her enough!
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“I didn’t expect to find a divorce attorney as amazing as you!”- Deborah
