When the parties to a Texas divorce agree on a property division, they may agree that certain obligations or conditions must be met. If a party fails to meet their obligations as agreed to and set forth in the divorce decree, they may not be entitled to the property they…
In many families, one spouse takes primary responsibility for all the family finances, including the preparation of the joint income tax return. A joint income tax return may provide tax benefits to families that would not be available from filing two separate returns. However, in order to file a joint…
How will divorce affect my taxes? Eventually, almost every person going through a divorce must address this question. As you might imagine, divorce affects your federal tax return in numerous ways. The issues that arise most frequently include tax filing status, exemptions, alimony, retirement accounts, and property transfers. One of…