Divorce Taxation

Austin Divorce Tax Lawyers

Tax Implications of Divorce in Texas

Whether you are facing a marriage that lasted only two years and produced no children or shared property or a union that existed for decades and comes with a large family and millions of dollars in mutual assets, the family law attorneys at Bertolino LLP will work aggressively to make sure you reach a settlement that makes the best out of a difficult and emotional situation.

There are several important areas of your tax documents that must be considered when going through a divorce and an experienced attorney will offer the confidence that no detail is missed. You need to think about how tax deductions will be apportioned if there are children involved. If you are liquidating any assets to pay for alimony or property division, are you aware of the related tax implications? There may be outstanding tax liabilities or refunds that are shared by both partners and decisions must be made concerning how that money is to be handled. Even spousal maintenance and child support can have an impact on how you file your taxes and the guidelines you will be expected to follow.

When coping with the grief and the upheaval in your life that comes with most divorces, the last thing you need is a phone call or letter from the IRS accusing you of reporting your taxes in a dishonest or incomplete way. Bertolino LLP has family law lawyers who also are well-versed in divorce taxation and who will be aggressive in their efforts to put forth tax planning in your divorce settlement that maximizes the value of your marital estate through effective tax deduction strategy. In addition, they will document all tax decisions with sound evidence to avoid challenges from the IRS months or even years after the divorce is behind you.