Law Offices of
William L. Hoge, III

Family Law Attorney
200 South Seventh Street
Suite 506, Legal Arts Building
Louisville, Kentucky  40202

(502) 583-2005

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TAX LIABILITY

Taxes are a huge subject of debate in divorce actions.

  • Who is going to be responsible for paying taxes on this year's income?
  • Who is going to claim the children as exemptions on this year's taxes?
  • Should the parties file jointly or separately (assuming they are still technically married on December 31st)?
  • What will happen to the refund on last year's or this year's return?
  • Who will be responsible for preparing this year's tax return?
  • Will maintenance be taxable to the recipient and deductible to the paying party?
  • Will one party indemnify the other from liability on state, federal and local taxes?  (Particularly important if there is a business enterprise involved.)

These are only a few of the questions you need to review with your attorney during the divorce process.

If you have a complex financial estate, you would probably be well advised to also consult with your Certified Public Accountant or a tax attorney.

The Internal Revenue Service has a great deal of information and material available on the subject of divorce and taxes.

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