Here are five ways to save tax money during a divorce from an article that recently ran on Fox Business where Lee Rosen of Rosen Law Firm is cited:
1. Reach agreements with each other
2. Decide the best way to file your taxes
3. Preserve assets
4. Choose who will claim the children
5. Follow up on beneficiary forms […]
Raleigh, N.C. Lee Rosen, founder and president of Rosen Law Firm, offers a few useful tax tips for those who are recently separated or divorce. Rosen says the stakes are high and the penalties for mistakes are severe, so people need to be familiar with the following four tax implications that could affect their return:
1. […]
If you are recently separated divorce, a lot of questions are going to arise this tax season. The same question pops up year after year: Who gets to claim the kids?
So if you haven’t begun filing your taxes you probably will soon. And if you recently divorced there are some things to keep in mind.
For 2006, personal exemption deductions for children are valued at $3,300 per child. Generally, the rule is that the custodial parent gets the write off, but ex spouses can over […]