In his Tax Tips column, Sidney Kess writes that divorce is never easy, and taxes complicate a difficult situation. However attention to matters such as the timing of a divorce, alimony, child support and dependency, retirement funds and other employee benefit programs is essential.
December 29, 2015 at 03:00 AM
1 minute read
Divorce is a highly emotional activity. Nonetheless, finances play a big part of the process for many couples, and taxes impact financial decisions. Here are some tax issues that should be addressed in the course of a divorce.
Whether a divorce is final on the last day of the year is key to whether each taxpayer’s filing status is married or single.
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