Too many lawyers fail to take into account the tax issues involved in divorce agreements. For many people, a divorce will represent the largest financial transaction in their life. You deserve a divorce lawyer that will carefully and thoroughly factor in the tax implications of every aspect of divorce, from the division of assets to child support.
As a Certified Public Accountant (CPA), and an experienced divorce lawyer for more than 30 years, I am especially qualified to investigate and consider the tax issues involved in divorce. I am able to crunch numbers and come up with many alternatives to show each client. I have sophisticated computer programs that can produce scenarios that are convincing to both clients and judges.
Examples of Divorce Tax Issues
There are tax implications in every aspect of divorce agreements. For example, paying spousal support (a.k.a. alimony or maintenance) affords tax deductions and deductible expenses. Child support, on the other hand, does not. So if you agree to pay more alimony and less child support, you can reduce your tax burden and still provide the same amount of total after-tax support.
Also, if the recipient of either alimony or child support is in a low tax bracket, the net after-tax effect can be made better for both parties. I work hard to take such factors into account, structuring deals that are tax-advantageous for my clients, using a wealth of knowledge to the benefit of everyone involved.
Contact an Attorney Experienced in Divorce Tax Issues
You may have more questions about divorce and tax issues -- come to my Brooklyn, New York law offices and speak with me in a free, no-obligation initial consultation. Any later attorney's fees will be kept reasonable and fair. Either visit this site's "Contact our Family Law and Divorce Lawyer" page or call 347-966-7378 or 866-625-6348. I can help anyone in the New York City metropolitan area, including Brooklyn, Manhattan, Queens, Staten Island, The Bronx, Nassau, Suffolk, and Westchester.