Terrific Resource about Divorce
Recently I was sent a copy of Julian Block’s Tax Tips for Marriage and Divorce. I highly recommend this book! It contains information your attorney or mediator may not know and helps you navigate all of the complicated tax issues surrounding property settlements, alimony, how to file taxes (jointly, separately, etc), whether legal fees are deductible, taxes on sale of your home, taxes on Social Security, dependency exemptions, and much more. For example, if you obtain an annulment, you need to go back and amend all tax returns from your marriage because an annulment makes it legally as if the marriage never happened, thus you were never entitled to file jointly. I’ve never heard an attorney apprise a client of this fact.
Block is a well-respected tax attorney and his advice is clear, easy to understand, and on point. This is a book everyone who is dealing with divorce needs.