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.
-
“You are New York’s best divorce lawyer!”- Danielle
-
“No words can express what you have done for our family!”- Ken
-
Everything you said about mediation was true. My husband and I really connected in a positive way working out the details of our divorce in mediation with you. The arguing was endless but we finally heard each other. You have a lot of patience. The property discussions made everything so emotional. You kept us focused and stopped us from rehashing the past. We tell everyone about you. Hopefully none of our friends will divorce but if they do we will tell them they need you.- Tom & Philip R.
-
“Thank You, Thank You, Thank You!”- Sara and Jeff
-
Lois is a “Rock Star” I was very worried about my daughter who was in a really bad marriage. I started researching divorce attorneys and found Lois Brenner. I called her, discussed my daughter’s horrible marriage and she agreed to meet with us. Since my daughter’s husband wanted out of the marriage too (he was cheating), Lois suggested she help them dissolve their marriage in mediation. To my surprise it worked out. Lois was able to keep my daughter and husband from fighting during their sessions, and she helped them resolve all their financial issues. Since I was paying the fees to help my daughter, not having to go to court saved us a great deal of money. As a father, I am truly grateful for everything Lois did. Her talks with me in the beginning of the process, to calm me down, really helped. I would highly recommend her to anyone thinking of divorce.- Graham (happy dad)
-
“Expert, Compassionate Counsel”- Alisa
-
Lois Brenner, her colleagues, team of experts and staff are phenominal. I hired them to help me to see my son who had been taken out of state by my wife during this insane pandemic. She decided to take him to stay with family but then she sideswiped me with a divorce. I was devastated. Lois Brenner and her litigation partner fought for me and made it possible for me to see my son. They are handling my divorce now and their strength and support is getting me through a really tough time. They are smart, tough and highly experienced.
-
Best Divorce Lawyers in NYC!! I can’t say enough about Lois Brenner. She saved my life. I was really being abused by my husband. I wanted a divorce, but I was scared to leave. Hiring her provided me with a support system that helped me break free of a destructive marriage. She, along with her team of professionals, and her litigation colleague Matt really gave me the backbone to step up and out. My children are safe, I’m back at work, and we are no longer afraid. The ongoing legal and personal support made all of this possible. Working with Lois and Matt was a life-changing experience. Katie M.- Katie M.
