Divorce and Taxes: How to Protect Yourself
Divorce and taxes are the important subject of our live event with Pacific Cascade Legal, a premier family law firm in Oregon and Washington. We discuss how divorce impacts joint tax liability, when there might be relief granted for separation of joint liability, and other important tax considerations when navigating divorce from your spouse. […]
Divorce Tax Questions to Ask
Divorce is hard enough without having to worry about taxes too. But taxes are inevitable. And a divorce adds a new layer of complication to tax preparation and tax planning. No one wants to overpay their taxes as the result of a divorce. Filing Taxes After Divorce We have identified a list of common tax […]
Divorce, Taxes and Conflict of Interest: Working with a CPA
Conflict of interest can get in the way of independent representation in a divorce or business dispute. Divorce often results in a conflict of interest. In the context of divorces, a conflict of interest occurs when the advice of the CPA may provide a benefit to one spouse at the expense of the other spouse. […]
The Significance of a Joint Tax Return
Filing a Joint Tax Return: What Does Married Filing Jointly Mean? Filing a joint tax return allows married taxpayers to enjoy favorable tax rates. In other words, the total tax is usually lower on a tax return filed with the status of married filing jointly (MFJ). The other types of filing status are single, married […]
Innocent Spouse Relief
What is “Innocent Spouse Relief?” Married couples usually file a joint tax return. They do this because joint tax returns generally offer greater tax benefits. However, the extra benefits of the joint tax return come at the price of joint liability. This means that either spouse is liable for the tax, whether from the filing […]