Divorces can be difficult and create a multitude of new tax concerns, not relevant to single or married taxpayers. Alimony payments, child care tax credits, transfers of property all may be relevant. In addition, it may be necessary to reexamine your estate planning needs after a divorce. This focus center provides news and information that address the particular tax matters for divorced taxpayers.
Top Takeaways 1: Three Requirements to Qualify for Innocent Spouse Relief First, a joint return must have been filed that contained an understatement of the tax, due to erroneous items, including unreported income orRead More »