Tag Archives: divorce and taxes

January 20, 2019

Splitting Investment Income on Tax Returns

When a joint investment account is divided, the financial institute will use only one Social Security number to report the earnings and thus only one 1099 will be issued for that account. For example, following their divorce, Dick and Jane Continue reading…

November 30, 2015

Tax Tips: 5 Things to Know About the Child Tax Credit

The child tax credit may save you money if you have a qualified child.  Here are the top five things to know about this credit as it relates to divorce: Depending upon your tax filing status and your income you Continue reading…

January 22, 2015

Changing Your Name Following Divorce

There are few things that distinguish a new phase in life more than changing one’s name. However, one has to do a thorough job of informing the “world” of this change – such as identity providers, business relationships, friends and Continue reading…

December 10, 2014

Divorce and Taxes

This time of year, it is often important to consider the tax implications of filing for divorce. In both federal and state taxes in Minnesota, you cannot file jointly if you are divorced before the end of the year. If Continue reading…

December 20, 2013

Divorce and Taxes: 4 Things You Should Know

A divorce is not only an emotional event, it is a financial event. As the year ends, people often focus on tax implications of divorce. Being planful and mindful of taxes may benefit both spouses moving forward. Having a good Continue reading…