Alimony In The IRS Spotlight

Alimony In The IRS Spotlight

A couple of years ago, the U.S. Treasury released a report highlighting a disturbing level of non-compliance in alimony reporting on tax returns. Since the report was released, the IRS has increased the scrutiny they place on tax returns with alimony claims. If you...
The Taxing Side of Divorce

The Taxing Side of Divorce

Getting divorced? Amid all the upheaval, taxes are not likely to be foremost on your mind. Yet overlooking the tax consequences can be costly. Here are some of the basics to keep in mind: Your filing status will change. No matter if you get your final divorce decree...