Nobody likes a surprise letter from the Internal Revenue Service saying they owe more taxes. When your divorce is over, you want to be sure that you do not later discover you owe taxes you were not expecting to pay.
A number of tax issues may arise in your divorce. Your attorney may not be able to answer all your tax questions, so consulting your accountant or tax advisor for additional advice might be necessary.
Taxes are important considerations in both settlement negotiations and trial preparation. They should not be overlooked.
Taxes can impact many of your decisions, including those regarding alimony, division of property, and the receipt of benefits.
Be sure to ask the professionals helping you about the tax implications in your divorce so you do not get that letter in the mail that begins, “Dear Taxpayer:…”