What Are Tax Consequences?
Divorces can involve questions about tax consequences. Up until the changes in the federal tax code, for example, alimony payments were deductible by the payor spouse and added to the taxable income of the receiving spouse. Issues may also arise as to taxes to be paid on future income, such as when a stock option or restricted stock unit is exercised and sold on the market. Who will bear the tax burden of such issues, or how it will be shared are issues that must often be addressed.
Tax issues may also arise where tax returns raise questions are to potentially underreported income.
Salem, MA Divorce Attorney John G. DiPiano is Experienced in Tax Consequences
Attorney DiPiano has addressed many cases where taxation issues are present. In some of these cases, tax professionals, such as Certified Public Accountants, Forensic Accountants or Tax Attorneys may be added to your team of professionals to guide you through thorny tax issues.
Prepare for your consultation
Many attorneys will typically ask clients to prepare a packet full of files for their first consultation, including tax returns, financial statements, information on marital property and more.
When you work with Attorney DiPiano, you can expect a different type of meeting.
An initial consultation with Attorney DiPiano is meant as an opportunity for you to get to know each other and define the issues that are most important to you, to provide information and education as to what you may expect from the divorcing process and to establish a plan for moving forward in a manner that is organized and cost-effective.
You can expect to discuss your needs as a client based on your individual situation and will develop a tailored strategy that suits your case.
If you are interested in learning more about Attorney DiPiano’s approach to initial consultations, read this post.