Handling Tax Debt in Divorce with Morgan Anderson
Jamie M. Lima and Morgan Anderson discuss the critical role of addressing tax issues during divorce. They cover tax debt responsibility, the innocent spouse rule, strategies to minimize tax burdens, and filing status considerations. Morgan shares a case study and offers final advice on managing tax issues.
Key Points
- Address tax debt proactively during divorce negotiations to prevent future financial burdens.
- Understanding and utilizing the innocent spouse rule can protect individuals from tax liabilities incurred by their ex-partner.
- Collaborate closely with a CPA to navigate tax implications, maximize refunds, and ensure a smooth financial transition post-divorce.
Links mentioned in the show:
www.goldenliontaxsolutions.com/index.php (website) https://a.co/d/3acGRfY (amazon book link)
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Transcript
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