Divorced Taxpayers

Divorce proceedings pose numerous tax percussions which offer challenging planning considerations for separated and divorced taxpayers, including the change in filing status and the treatment of certain income and deductions related to children, alimony, property transfers and the marital home.  Thorough consideration of the tax treatment is essential for negotiating equitable divorce settlements.

Tax Tip – Attorney’s fees and related expenses allocable to the collection of income and tax advice are deductible.