Daily Tax Report: State

Breaking Up is Hard to Do: Taxes a Tricky Part of Divorce

July 9, 2020, 8:46 AM

My former law school professor once remarked that one of the strangest things about divorce was that two people who couldn’t always agree during a marriage became legally obligated to try to reach an agreement about those same things once the marriage was over.

That’s particularly true when it comes to finances and children. And when it comes to taxes, you often tackle both of those things at once.

Most tax professionals have a war story or two about trying to sort out dependency, child tax credits, and head of household filing status following...

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