Are you planning to get married this year? Having a baby? Managing an estate after a loved one’s death? All of these events have tax implications and the IRS strives to provide all the information you’ll need to understand your tax impact for each situation. Read More Here: Tax withholding
Tag: divorce
Plan For The Future
Financial planners often encourage clients to plan ahead, but what if the life change you are considering is divorce? There are many factors to consider when separating, including: alimony, prenuptial agreements, business valuation, and other shared assets. Deciding when to end the marriage on paper may be affected by a number or variables in the current tax climate. Paul Sullivan for the New York Times Wealth Matters, sheds light on a number of these elements in his article, Should You Get a Divorce Now or Later?