Tax Planning

A Divorce can involve complex tax issues and opportunities for both spouses to save taxes by how a settlement is structured. Because spousal support is tax deductible, if done correctly, there are opportunities to shift income and lower overall tax liabilities which can be shared by both spouses. Shifting property division to support can help make spouse buyouts of business interest tax deductible and less painful. Only if you have an attorney experience in representing business owners or professionals can these opportunities be recognized and utilized.