Child Custody and Tax Implications
So, what happens tax-wise if you have children, are divorced, and share custody of the kids? You could possibly have joint custody, sole (sometimes called “primary”) custody, joint…
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Divorce and Separation, Income Taxes, and Your Filing Status
Most people’s divorce decrees are not issued to coincide perfectly with the first day of the new year, nor do their decrees split all property and child custody…
Protecting My Child Tax Benefits
Taxes can be confusing. They can be even more confusing when a divorce is involved. When divorcing parties have a child (or children), the confusion multiplies. You may wonder…
Preparing for Divorce – Gather Your Financial Information
A number of factors can and will determine how property and responsibility for debts is divided in divorce. After a few years of marriage, most couples have acquired or mixed their…
“I don’t know if this is important, but…”
I can’t speak for anyone else, but my parents dreaded hearing that phrase from me as a teenager. It nearly always meant that I forgotten to tell them about a message or mistake…
When is a Penny Saved a Penny Wasted?
Divorce carries with it consequences that could go on for years for those you care about the most (and that includes you!). Still, you feel the need to “save money” on…
Preparing to File for Divorce
A few things you suspected, weren’t sure of, and that I can confirm for you. 1. Filing for divorce is a daunting task in all butbut the simplest cases. 2. There are plenty of shyster divorce lawyers out there. Buyer…
Some Divorce Legal Expenses are Tax Deductible
You may be able to deduct some legal fees associated with your Utah divorce on your tax returns. While you cannot deduct all legal fees associated with your…
Stay Frosty at Tax Time During Divorce
As if it’s not enough you’re going through a divorce now, you also need to take care of your taxes in about a month. Although this article is a good place to start…
Artificially Modifying Income – Trying To Trick The Court Won’t Work
Near countless hours have been spent fighting over how much alimony or child support parties should pay and receive in a divorce action. While in Utah the legislature has established…
7 Key Things to Know When Filing Your Tax Return During Divorce
Should I file a joint personal income tax return with my spouse if we are separated and/or going through a divorce? Here are the 7 things to know when filing taxes during divorce in Utah. First, you may…
Imputing Income in Utah
There are many issues in a typical divorce that are hotly disputed but child support and spousal support (aka alimony) invariably top that list. This is, in part, because even…
Divorce and Taxes – Decree Entered Dec 31st
Filing taxes can be confusing under normal circumstances. But it can be even more confusing when a person is either going through a divorce or recently…
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Child Custody and Tax Implications