Divorce and taxes: legal issues are common

Taxes are not necessarily an issue that exists in a vacuum. They involve so many aspects of your life that when your taxes intertwine with these other issues, legal problems can easily arise. For example, do you run or own a business? Then there could be serious tax implications for you depending on the structure of your business, your tax filings and your obligations.

But owning a business is just one such example. Another classic example of life events affecting a person is divorce. If you and your spouse decide to legally dissolve your marriage and move on as separate people, there could be serious tax problems in your future if your joint filing was improper.

There are many potential issues here. The first is that your spouse may have hidden assets, which could cause problems not just with your taxes but also with your divorce agreement. Additionally, if you have been audited or it is found that a past filing is fraudulent or past due, then legal issues can arise when you divorce. There can also be problems centered around depend child exemptions and property division.

When tax issues arrive as a result of a divorce (or the other way around), it is imperative that the splitting spouses involved get legal help. There are far too many risks in these situations, and Kundra & Associates can help you address these risks and protect your interests. If you are dealing with divorce-related tax issues, please consult with our law firm.

No Comments

Leave a comment
Comment Information

Contact Kundra and Associates Today

Please call our offices at 301-637-8130 or fill out the form below to arrange a confidential consultation.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Email Our Attorneys

Rockville Office
110 North Washington Street
Suite 406
Rockville, MD 20850

Phone: 301-637-8130
Fax: 301-424-7047
Rockville Tax Law Attorney Office

Washington, D.C. Office
1025 Connecticut Avenue NW
Suite 1000
Washington, DC 20036

Phone: 301-637-8130
Fax: 301-424-7047
Map & Directions

Mumbai, India
C/o Anmol Sekhir Consultants Pvt. Ltd.
Chartered Accountants
3rd Floor, Sahakar Bazar
Opposite Railway Station
Bandra (West), Mumbai, India 400-050

Map & Directions