Excellence In Divorce And Tax-Related Matters
You would want to avoid entering the divorce process blindsided by potential tax penalties that may adversely affect your economic circumstance. Federal tax policies can be complex, and they change constantly. Divorce is expensive enough; you should understand how...
The Earned Income Tax Credit (EITC) is one of the federal government's largest tax credits for low to moderate income families. The recent expansion of this credit means that more people may qualify to have some much-needed money put back in their pockets. The EITC is...
Generally, the parent with custody (majority timesharing in Florida) can claim the child on his or her tax return. If parents split timesharing and are not filing a joint return, they will have to decide which parent gets to claim the child. This decision is made in...
When people go through a divorce, the change in their relationship status also affects their tax situation. IRS considers a couple married for filing purposes until they get a final decree or divorce. UPDATE WITHHOLDING - When someone becomes divorced, they usually...