Every divorce comes with its own set of circumstances, but regardless of how or why the dissolution of a marriage occurred, one or both parties are likely to face bouts of confusion in the wake of such a serious life change. Emotions run high, logistics such as child care and property distribution must be ironed out, and then on top of all that lies the matter of taxes.
Tax situations vary drastically between individuals. The strategies that help one set of divorcees may not apply to another. In an ideal tax resolution situation, both parties will be able to pay their share of taxes owed, neatly and fairly separate their taxes while covering all joint financial obligations, and establish a financially independent and secure future. However, that sometimes is not the case. This is when an experienced tax specialist may come in handy.
Don’t Face Tax Decisions Alone
The tax law is complex and nuanced, and can be difficult to understand even when you’re not coping with the emotional toll of a divorce. It is essential to truly grasp all financial decisions made during a divorce so you can ensure that you do not pay more than is necessary. The team at Taxation Solutions, Inc. has more than 40 years of experience helping divorced couples sort out their tax obligations and establish a strong basis for a healthy financial future.
Contact us today for professional insight and advice on a number of tax topics relevant to divorce, including:
- Filing for divorcing or separating couples
- Community property
- Dependency exemption
- Injured spouse relief
- Innocent spouse relief
- And more!
Our team will accurately interpret the tax code as it applies to your needs and goals, and will keep you entirely in the know about every financial decision we help you make. Our goal is to ensure that you are completely confident in all tax-related matters that crop up in the wake of your divorce.