Divorce Taxation Issues

Divorce Taxation Issues

 

 

 

Divorce Taxation Issues

Divorce taxation issues – Divorce often present tax issues related to property division, maintenance, child support, previously filed federal income tax returns and/or unfiled federal income tax returns. Whenever possible, I advocate for settlements or final judgments that conserve marital property and separate property by avoiding unnecessary taxes.

Additionally, you may have questions about the federal income tax treatment of certain divorce matters such as the following: Is child support taxable? Is child support deductible? Is alimony taxable? Is alimony deductible? What is the basis of property transferred in divorce? As both a CPA and an attorney, I can assist clients in divorce tax matters and divorce financial planning.

If you are looking for an Illinois divorce lawyer in Chicago or the Chicago suburbs who can handle these divorce taxation issues for you, please contact my office.

Brian J. Thompson, CPA & Attorney