Are There Tax Issues with Children in Divorce?

Q: Are There Tax Issues with Children in Divorce?

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Preparing for Divorce Mediation with Split Simple.

Uncontested Divorce Mediation

VIDEO TRANSCRIPT: Hi, I’m attorney-mediator Chris Griffith and at Split Simple, I’m going to help you and your spouse address the important tax issues around your children.

Generally, there are two issues to consider:

The first is filing status, and that typically is determined after divorce based upon where children are spending a majority of overnights.

Next, there’s the dependent exemptions, and I’m going to help you and your spouse efficiently allocate those exemptions using some financial mapping software that I have so that you’re getting the most bang for your buck. And quite frankly, giving Uncle Sam the least amount of money while keeping the most in your pocket.

Give us a call today, 720-501-4600, or at www.splitsimple.com to learn more about how we can help you and your spouse smartly allocate these tax issues in your divorce. If you have any questions about divorce or the mediation process at Split Simple, don’t hesitate to give us a call for Chicago divorce mediation and uncontested divorce services in Denver. And remember, we have a free initial consultation.