Divorce causes all kinds of emotions to surface – from being sad to being very angry are just two. It is a time of confusion and financial strain.
However, despite this stressful time, the issue of taxes is a very important thing to consider. Unfortunately, the Internal Revenue Service does not care if you are going through a divorce; they will still expect you to pay taxes in a timely and appropriate manner. When a couple is married they can file a married joint return or married, filing single return, but when they divorce, they must reflect their current marital status and number of dependents.
Taxes play a huge role in the distribution of property, including child support, spousal support, pensions, investments, etc. It can become very confusing.
If you are concerned about your divorce and paying taxes, it may be beneficial to contact a qualified and experienced Orange County Divorce attorney who can ensure that your legal rights and options are protected.
