Los Angeles Tax and Divorce Attorney
In any divorce agreement or settlement, the decisions made about property division, spousal support/child support and related issues may have tax ramifications at the California state and the federal levels. It is important for an attorney to consider the tax ramifications involved in the issues of a divorce because tax issues may affect the parties for several years after the divorce is finalized. Even if your choices about tax issues are limited, you can be better prepared for the future by knowing what tax matters you are likely to face after a divorce.
For more than two decades, the Law Offices of Robert M. Cohen, has provided family law advice and representation to clients throughout the Los Angeles metropolitan area. Our attorneys work closely with financial experts, including forensic CPAs, to ensure that tax issues are explained clearly and so that you can make responsible, well-informed decisions to protect your best interests. While family law may be the emphasis of the Law Offices of Robert M. Cohen, we have an in-depth understanding of tax law and how it specifically relates to family law matters.
Tax Issues in Divorce
Tax issues should be considered when making decisions about matters such as property division, child support, child custody and spousal support. Issues faced may include:
- Structure of alimony and child support to provide a tax advantage to one or both spouses
- Capital gains tax or potential capital gains from the sale of marital assets
- Tax liability incurred for any jointly filed tax returns
- Deductible attorney fees
- Claims for child care credit
- Claims for head of household deductions
- Income tax deductions for dependent children
- Tax advantages for the custodial parent
It is important to understand the situation and the potential issues that you may have to deal with now and into the future. Tax issues in a high-asset divorce can be complex, but an experienced divorce and family law attorney can help you get the information that you need to make smart decisions.
Contact the Law Offices of Robert M. Cohen
For more information, contact the Law Offices of Robert M. Cohen in Los Angeles, California. Call 310-277-1127 and schedule an appointment to discuss your situation with a highly experienced and dedicated lawyer.