Seattle Divorce Tax Issues
Divorce and taxes interact in a variety of ways. Sometimes, tax issues lead to divorce, (which is why we prepare many innocent spouse filings after or during a couple's divorce). Other times, tax issues stem from divorce because you are now dividing your assets and liabilities and moving on with your lives separately from each other. Who gets to claim the children on the tax return after separation or divorce? What do we do with our 401(k) and IRA accounts? What about equity in our home? How do I file the return now that my spouse has moved out? What if my spouse does not cooperate and I cannot file my return without our family's financial records? My decree of dissolution states that my ex is responsible for our federal taxes; will the IRS still come after me? Those are but some of the questions we are asked. We work with the divorce lawyers to consult and work with their clients on the tax implications of their divorce. Whether you need to mitigate tax problems that led to an irreparable divide with your spouse, or you want to be proactive about dealing with tax consequences related to property division, the law firm of Lana Kurilova Rich PLLC can help.
Our Bellevue, Washington, tax law firm provides representation to individuals and families in the Greater Seattle area, statewide and throughout the United States. Call us at (425) 289-0629 for an initial phone consultation with our Seattle divorce tax issues attorney.
Washington Attorney, Providing Divorce Taxation Planning Guidance
If you are divorcing your spouse because of tax debts, we can help. This is surprisingly common, often arising when spouses co-own a business and one spouse stops paying taxes in an attempt to keep the business above water. Alternatively, one spouse owns a business, accrues taxes, while the other spouse had nothing to do with that business. Occasionally, one spouse refuses to file tax returns for years, while the other spouse files his own returns separately but finds that the IRS assessed the filing spouse for half of the taxes of the non-filing spouse. The list of scenarios can go on. The innocent spouse defense or other techniques may allow you to overcome tax debt that you should not be held responsible for.
If your spouse is divorcing you because of financial arguments related to tax debt that you will retain after your marriage has ended, we can work with you to review options available to help you deal with your tax debt.
Tax Issues Stemming From Divorce
Divorce, particularly the property division aspect of it, has tax consequences. These consequences are particularly burdensome when a husband and wife co-own a business and that business and its assets need to be sold as part of the property settlement. We are able to work with you to plan for and minimize tax consequences as part of a divorce asset protection strategy. We can also advise you on who and when can claim your dependents on your tax returns after a divorce and what those changes could do to your overall tax liability.
For Divorce Asset Protection, Call (425) 289-0629 for an Initial Phone Consultation From Our Bellevue, Washington, Law Firm
We invite you to contact us today by phone or by e-mail to discuss your case with our experienced Seattle, Washington, divorce taxation planning lawyer. Find out how we can help.
