Category Archives: Tax Issues

Five Tax Considerations When Divorcing

Whether you are in the process of getting divorced or are considering filing for divorce, there are a five (5) tax considerations you should be aware of as you move forward.  As we are in the midst of tax season it is the perfect time to consider these tax issues to avoid potential pitfalls. 1. […]

IRA, Roth IRA, MyRA, What’s a MyRA?

On January 28th, in his fifth State of the Union Address, President Obama announced the MyRA (rhymes with IRA). In his own words, “It’s a new savings bond that encourages folks to build a nest egg. MyRA guarantees a decent return with no risk of losing what you put in.” While some additional details are […]

IRS Tips: Five Tips if You Changed Your Name Due to Marriage or Divorce

From IRS.gov IRS TAX TIP 2011-23 If you changed your name as a result of a recent marriage or divorce you’ll want to take the necessary steps to ensure the name on your tax return matches the name registered with the Social Security Administration. A mismatch between the name shown on your tax return and […]

Tax Filing or Fooling: Review Your Spouse’s Tax Forms

Among the annual rites of spring is the filing of your income tax return. In the majority of households, that means one spouse will simply ask another to ”sign here,” and the other spouse never looks at any part of the return other than the signature line.  However, the fine print right above the signature […]