MEEHAN LAW, LLC

Contact Us Today For An Experienced Family Attorney At: 203-989-2949

Contact Us Today For An Experienced Family Attorney At: 203-989-2949

MEEHAN LAW

Contact Us Today For An Experienced Family Attorney At: 203-989-2949

Complex Family Law Matters Require Sophisticated Solutions
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    3.  » Tax Considerations In A High-Income Divorce

Tax Law Guidance You Can Trust During Your Divorce

Taxes are one of the often unanticipated topics that you must confront during a divorce. Your divorce order can have a significant impact on what your taxes will look like from now on.

When you need attorneys who can reliably advise you regarding this complex topic, you can work with MeehanLaw, LLC. Since 1961, we have represented clients throughout Fairfield County with all aspects of high-asset divorce. Our team can assist you in addressing all tax issues related to divorce, including:

  • Minimizing tax penalties
  • Paying taxes on alimony or separate maintenance received
  • Transferring property and assets
  • Paying taxes on multiple real estate properties
  • Handling taxes on assets located in other states or abroad
  • Filing a separate tax return for the year of your divorce
  • Paying taxes on stock options or retirement assets

We incorporate innovative technology into our law practice, which helps us calculate tax liabilities and discover hidden or dissipated assets. With extensive skill in mediation, we often help our clients resolve their complex divorce-related tax issues out of court. If a divorce trial is necessary, though, we gather every fact to advocate for you tenaciously.

How Will The New Law Affect Me?

The 2019 tax overhaul that came into effect under President Trump means that alimony payments are no longer tax deductible. Previously, the spouse receiving financial support could claim their alimony payments as a tax deduction, keeping significantly more money in their pocket. If you expect to receive alimony, we can fight to make sure that you receive the amount you need that is also affordable, tax-wise.

Discuss Your Divorce And Tax Concerns With Our Lawyers

Thinking about taxes is a major headache, even without the added burden of a divorce. Fortunately, at MeehanLaw, LLC, we can help you with every detail. To schedule an initial consultation with our team, please call our Fairfield office at 203-989-2949, call our Bridgeport office at 203-664-8059 or use our online contact form.