Two tax issues frequently need to be addressed in divorce: One, if there are qualifying children, which parent gets to claim the children as dependents? Two, which parent may be entitled to claim Head of Household filing status. The following is a general discussion of the rules. Dependency Exemptions The IRS rules provide that the “custodial parent” is the parent entitled … [Read more...] about Tax Filing Issues in Divorce
Issues
Taking a ‘Paws’: Issues to Consider with Pet Custody
The new year brought a lot of changes for divorcing couples in 2019, especially here in California. Not only were major changes made to the tax code concerning spousal support payments, residents across the state of California welcomed Assembly Bill 2274. This bill finally gave judges in our state clear direction when it came to helping divorcing pet owners answer the all-important question: … [Read more...] about Taking a ‘Paws’: Issues to Consider with Pet Custody