This presentation will include, among other things:
- Determining the filing status that is most appropriate for the different time periods-single, head of household, etc
- Alimony vs child support-reviewing how the deduction by the Payer and income to the Payee can be set up for both parties” benefit.
- Capital losses the year of the final joint tax return filed-a review as to whose assets were sold that created the loss, as well as other factors, could result in significant savings.
- Splitting the assets needs to be reviewed , such as retirement assets having a tax factor, as the money will eventually be distributed at retirement and tax will be due at that time