Are You Liable for Your Spouse’s Unpaid Taxes? Often married couples file joint tax returns because it usually reduces their tax preparation expenses as well as their federal income taxes owed. A potential downside, however, is that, if one spouse has not declared their full income or falsely claimed too many deductions or
If you are separating from your spouse and not yet divorced, how you file your Federal and State of California income taxes is an important financial decision to make. It can also be confusing and complicated by the stress of your separation. As long as you are still legally married, you can either
Here's How the New Tax Law Affects Married Couples and Spousal Support Like many married couples, you may be thinking ahead to your tax liability for 2018. Here is a rundown of how the new tax law is likely to affect you, especially if you own a home, have a family, or are the payor
How Divorce Can Impact College Financial Aid Getting a divorce compounds the challenges of funding your child’s college education. The cost of getting a divorce can erode into savings that have been earmarked for college tuition. And, shifting priorities on the part of parents, such as moving and new relationships, can also draw down otherwise