Confronting the Tax Implications of Divorce
When spouses are in the midst of a divorce, they frequently get caught up in the obvious issues. Establishing custody, dividing property and reaching an agreement regarding support payments are the most common concerns. However, many people fail to realize that divorce has tax implications that could potentially cost them thousands of dollars.
At the Oregon-based Law Office of Thomas M. Brasier, we understand the tax issues related to divorce. We have the experience, knowledge and skill to help you reduce your tax liability, even in a complex, high-asset divorce. Call our office at 503-821-7437 or 866-291-8758 to schedule a free phone consultation.
Understanding Current Tax Laws
An experienced attorney can help you understand the range of tax issues involved in a divorce. When you visit with our team, we will answer all your tax-related questions, including:
- Can you receive a tax deduction for property distribution?
- Who will receive the tax exemption for any children?
- Are any attorney fees tax deductible?
- Is child support tax deductible?
- Are spousal support payments tax deductible?
- Am I expected to pay taxes on a short sale or foreclosure?
Many people who are getting divorced do not realize that child support does not need to be claimed as income, but spousal support (often referred to as alimony) does. A skilled lawyer who understands tax liability can help you understand tax implications related to support payments and any other divorce issues.
Serving Clients in Multnomah, Clackamas and Washington Counties and the Nearby Areas
Do not make the mistake of negotiating and finalizing your divorce without taking into account the tax impacts of your decisions. Our Divorce Lawyers In Portland can help you address and plan for these often overlooked tax issues.
Contact our office to arrange a free phone consultation. We maintain two offices in Portland and serve clients throughout Multnomah, Clackamas and Washington Counties. For your convenience, evening and weekend appointments are available upon request. We accept credit cards.
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