Divorce Tax Issues

Our law firm will help you push forward

Divorce affects nearly every aspect of your life, and few are affected as deeply as your tax situation. Filing taxes as a married person is very different from filing as a single or divorced person. The strategies that may have worked well for a married couple will no longer apply. The attorneys at Brown, Naegle, Crider & Jensen LLC can help you discover the right strategy to push forward.

Mesa divorce attorney Brad Crider has extensive experience representing divorcing couples in every tax bracket, and he understands exactly how heavily your future finances can weigh into consideration during a divorce. On divorce tax matters, Brad is joined by attorney Shad M. Brown, an experienced tax lawyer and former IRS attorney. Together, Brad and Shad create custom tax plans and expert advice for clients going through divorces.

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What to watch out for

There are a number of key issues to be aware of when it comes to taxes during and after a divorce. It's important to watch for these issues as you go through a divorce to avoid setting yourself up for tax-related problems down the road. Here are a few factors to consider:

  • The role of children - deciding which parent will claim child tax exemptions.
  • Division of property - for example, selling a home can have specific tax implications.
  • Stocks and other investments - determining when they are cashed in or sold can impact the amount of taxes owed.
  • Retirement accounts - choosing to cash in or liquefy these accounts early can lead to significant tax penalties.
  • Spousal maintenance - in Arizona, spousal maintenance (commonly called alimony) is tax-deductible.

Thanks to our firm's knowledge of family law, business law and tax law, we're able to provide powerful, customized solutions to these tax issues. For example, our firm frequently prepares qualified domestic relations orders (QDRO) which can save thousands of dollars for many divorcing couples. This is an option that few firms can offer because it requires both family law and tax law expertise.

Take action right away to protect your finances during divorce

Discussing tax implications with an attorney as you go through a divorce can ensure the best possible outcome. Waiting until the divorce is complete may be too late. Our team is ready to help you sort through tax issues as you go through a divorce and help you come up with a clear plan.

Call 480-378-9000 or contact us online today to set up your first meeting with Brad to discuss the specifics of your case.

Mesa
3850 E Baseline Rd Suite 111
Mesa, AZ 85206
local phone: (480) 378-9000