New York couples who are undergoing a divorce have a lot on their minds. One particular area they may not be considering is the tax consequences of their divorce. It's necessary to let each spouse understand any tax consequences that are a result of property division...
Making the difficult decision to file for a dissolution of marriage can bring with it a great deal of stress. Not only are you facing the prospect of beginning a new chapter of your life, but you may also be struggling to responsibly manage your existing investments....
When you get married in New York, you're eligible for extra tax breaks that you didn't get before. Once you get divorced, those tax breaks go away. However, you might still be able to claim a deduction on your taxes if you file at a certain time. How can divorce...
People who are divorcing will sometimes want to know whether they qualify for alimony or not. The laws in New York regarding spousal support payments are strict, so not everyone will qualify. Some individuals might be able to work out these payments as part of the...
Divorce isn't just trying on former spouses' emotions but can be financially taxing as well. Your tax filing status changes after your divorce. There are also other tax implications associated with splitting up that you need to be aware of before you negotiate a...
If you and your spouse in New York are discussing the possibility of getting divorced, it is important for you to learn as much as you can about the financial implications of this decision. Some of the decisions made during a divorce may have immediate repercussions...
As one of many married people across New York who believes divorce is in your near future, you may be trying to get your affairs in order so that you can navigate the separation and make the split as seamless as possible. While divorcing your spouse alters many...
At the beginning of this year, major changes to the federal tax code took effect, including one that greatly impacts the tax implications for alimony. Prior to 2019, the law allowed alimony payers to take a tax deduction on their payments while alimony receivers were...
