7 Dynamite Divorce Tax Options to Minimize the Damage
As if divorce wasn’t hard enough. Let’s throw taxes into the mix and make it like lemon juice on the wounds. The last thing divorce couples want to ever think about is money; except oftentimes that issue of money becomes the primary agenda. Why? Divorce is a divide — not just of family, kids, and […]
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Divorced Couples Living Together: It Does Happen! (For Tax Reasons)
Think about the future here. Let go of the animosity (especially if you have kids!), because sometimes while the pain and tumult of divorce can be overwhelming, sometimes the money issues, especially with the house, can hurt even more! Something you honestly don’t want….
You Might Be Divorcing Your Spouse, But Try Not to Divorce Your Entire Life
It’s the Simplest Way to Get Taxes Figured Out About the House
Should Your Ex-Spouse Buy the Home From You for Tax Reasons?
The answer could very well be yes — for obvious tax reasons. Now we’re not saying, though, that taxes will benefit the buyer in this case. Rather, this will be a mutual benefit in selling the home during a divorce, and here’s why: Being Free and Clear of the Obligations The situation has to fit; we’ll say that […]
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Maximizing Tax Benefits for Selling the Home After Kids Grow Up
Divorce doesn’t have to destroy the kids. There are options out there, and they’re not to blame. So it just so happens that many divorcing couples find the option to keep the home when dealing with a divorce until those kids move out when they’re older. There’s a specific reason to doing this, in that it’s […]
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What to Do With Rental Properties on Taxes When Getting Divorced
RTO is one thing; what about rental properties? What if you are the landlord/homeowner? What if you are the one offering that rent-to-own property? What if you are the one offering that rent-to-own property, and you get divorced with your spouse? What can you do with those rental properties? How does that affect your taxes? What will happen […]
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How to Maximize Taxes With Your Ex-Spouse and a Vacation Home
We raise the question, because home selling has a specific benefit many enjoy: the tax benefits. That’s what we mean when we say we can maximize taxes by taking advantage of the exemptions. Deductions, deductions, deductions. You get all the profit when you sell. But Only When the Property Is Your Actual Home…
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What Will Alimony Do to Your Tax Return?
ShareFollow UsLegally, we have one word that means the most in and out of the courtroom: fair. We look for fairness. Equity. And when it comes to divorce, equity is king, because you definitely want to steer clear of the chaos (especially if you have children). Think about it. Divorce Is Ugly, But With Legal Representation, We Can Make It Work Out This can largely be the case regarding alimony, or spousal support — something you may have to pay to…Read More →