Divorce and Uncle Sam: Top 10 Things You Should Know When Filing Your Taxes

Written by by Jessie Danninger, CPA, Rosen Divorce

Continued from page 1

7.Are my divorce costs deductible? In general legal fees are considered personal expenses so they aren’t deductible. However legal fees paid to get alimony and legal fees regardingrepparttar tax effects of divorce are deductible. The attorney must allocate fees paid for deductible and non-deductible services otherwiserepparttar 105606 deduction may be disallowed. The allowed deduction is a miscellaneous itemized deduction which is deductible only torepparttar 105607 extent that, inrepparttar 105608 aggregate,repparttar 105609 miscellaneous deductions exceed 2% ofrepparttar 105610 taxpayer’s adjusted gross income.

8.My spouse and I are usingrepparttar 105611 married, filing separate filing status. Can I userepparttar 105612 standard deduction if my spouse itemizes? No. If spouses are usingrepparttar 105613 married, filing separate filing status and one spouse itemizes their deductions,repparttar 105614 other spouse must itemize as well.

9.Who getsrepparttar 105615 mortgage interest deduction and other itemized deductions? Ifrepparttar 105616 marital home is owned by one spouse alone, only that spouse may claim a mortgage interest deduction. Deductible expenses that are paid out of separate funds, such as medical expenses, are deductible byrepparttar 105617 spouse who pays them. In general, deductible expenses paid out of joint funds are split 50/50 betweenrepparttar 105618 spouses, including mortgage interest. Mortgage interest for property titled byrepparttar 105619 entireties can be claimed by whichever spouse actually paidrepparttar 105620 expense.

10.Where can I go for more information about divorce and tax issues? www.rosendivorce.com

For more information on Rosen Divorce, or for an interview, please contact: Alison Kramer, Director of Public Relations, Office: 919-256-1542, Cell: 919-523-7104 akramer@rosen.com or visit: www.rosendivorce.com


With offices in Raleigh and Charlotte, Rosen Divorce isrepparttar 105621 largest divorce firm in North Carolina. Founded in 1990,repparttar 105622 firm is dedicated to providing individual growth and support to couples seeking divorce by helping them move forward with their lives. Our staff of attorneys, accountants, and specially trained divorce coaches expertly addressrepparttar 105623 complex issues of ending a marriage. Our innovative approach acknowledges that divorce is so much more than just a legal matter. Specialties include child custody, alimony, property distribution, separation agreements, and domestic violence relief.

ROSEN DIVORCE 4101 Lake Boone Trail, Suite 500 Raleigh, NC 27607 www.rosendivorce.com ”Divorce is Different Here”

Jessie Danninger is a financial analyst with Rosen Divorce. She assist clients in all financial matters relating to divorce, including property distribution, child custody, alimony, and tax related issues. She is a certified divorce financial analyst and CPA.

SUV Rollovers - Florida

Written by T.Going

Continued from page 1

If you or someone that you know has beenrepparttar victim of an SUV rollover you should seek help immediately. An experienced SUV attorney can help you understandrepparttar 105605 complex legal system to ensure that you receiverepparttar 105606 compensation you deserve. Don’t let legal time constraints impede or terminate your case before it happens. Contact a lawyer immediately!


This article may be reprinted as long as this resource box and all links stay in tact.

If you have been involved in an accident contact a Florida lawyer today for your free case review http://florida.resource4accidents.com


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