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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“No words can express what you have done for our family!”- Ken
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My contested divorce was brutal. Lois never flinched. She was strategic, on top of every detail, and always made me feel like I was her only client. I'm grateful every day.- T.R.
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High-net-worth divorce is complicated. Lois handled mine with a level of sophistication and discretion that exceeded every expectation. She protected my business and my future.- B.M.
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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.
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When I first decided to hire a divorce attorney, I thought a male attorney would be best. Lois Brenner really surprised me. Although she has written a divorce book on women’s rights, she is totally an advocate for men as well. She really understood how much I loved my kids, and listened and understood all the horrible things my wife was doing to destroy their relationship with me. She didn’t miss a beat and really went to bat for me. She reached out to my wife’s attorney every time my wife made any attempt to disrupt my visiting our kids and always demanded the best results. She made herself available, even when she was on vacation! Lois has been there every step of the way in these difficult circumstances. I highly recommend her.- Sam
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“Keep up the good work!”- Jonathan
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When my daughter was sideswiped and served with a summons by her husband we called Lois Brenner. I had met Lois when she was giving a seminar on Marriage and Finances. I thought she was really smart. I never dreamt I would be calling her to help my daughter. When we went to see her she put our minds at ease. We immediately knew she was the attorney for us. She managed to negotiate a really good settlement with my son-in-law’s attorney. She was tough and always returned our phone calls and responded immediately to our emails. We even heard from her on weekends!! She was determined to keep us out of court and guided us every step of the way. She was our Angel!!! Mary B.- Mary B
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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
