Divorce Considerations-Update

Unfortunately, marriages do not always last.  A previous post noted several items which should be considered if you are in a pending divorce situation.  An article in the Journal of Accountancy lists several issues you should discuss with your attorney and accountant if you are going through divorce proceedings.  A couple which can be overlooked [...]

Divorce – Top 10 Tax Mistakes

Splitting Assets Between Husband and Wife Without Considering the Property’s Basis
Losing the Benefit of the Child Tax Credit and HOPE and Lifetime Learning Credit
Assuming that the Payment of Attorney and Expert Fees is Deductible
Filing a Joint Return
Disguising Child Support as Alimony
Not Specifying That Alimony Ends at Death
Assuming That the Capital Gains Tax is Based on [...]