One of the many considerations individuals face when divorcing is how to deal with taxes. There are many tax ramifications of divorce. Understanding how to handle personal income taxes both before and after your divorce will help you avoid unexpected tax consequences or an audit.
Divorce can be an expensive life event. It is important that you consider your long-term financial interests as you finalize your divorce. To ensure you protect yourself, you need to take into account the tax implications of the different options available.