A lawyer that is talented in divorce court isn’t necessarily talented when it comes to tax preparation. If this is going to be a concern of yours following your divorce you may want to be sure that your lawyer is well versed in both, or consider retaining a financial adviser/tax preparer.

Divorce is Always Complicated

Divorce is not an easy thing to go through particularly when it involves things such as kids, large incomes vs. small incomes, one car vs. two cars and so on. What’s even more complicated about divorce? Paying taxes after a recent one. Be sure that your Fort Worth divorce lawyer knows the most important things there are to know when it comes to divorce as it relates to your taxes.

What Should Your Lawyer Know

With child custody and child support being part of so many marriages your lawyer should understand that though child support will not affect taxes in any manner alimony, on the other hand, is an event that is taxable. If you’re the one paying the alimony you’re going to be able to use that as a deduction, without even having to itemize. Should you receive visitation with your children and have them as much as 50% of the time, the only person that can claim them as dependents is the person to whom custody was remanded. Whoever gets the house pays taxes on the house. In whichever year you’re divorced, you will still be expected to file ‘married taxes’ through the end of the divorce year.

Taxes haven’t changed much through the decades but certain aspects of divorce have. Figuring out just how much in taxes you are going to shell out to Uncle Sam must take into consideration the division of property, alimony (if any) and child custody (if any) decided upon as a result of a divorce. Nothing can ever be simple, can it?