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Divorce and Taxes

Property division, alimony, mortgage interest payments, real estate taxes and dependency exemptions are just a few of the most common areas of contention in a divorce case. These issues also present daunting tax consequences which must be addressed during a divorce proceeding. Divorcing parties should consult with their tax advisor relative to their tax filing status for state and federal income tax returns. If the parties have children, the issue of the dependency exemption can offer quite a financial benefit to the declaring party. If you are going thru a divorce (and a taxpayer), be sure to consult with an experienced attorney and your tax advisor regarding what may or may not be owed to Uncle Sam. 

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Roncone Law Offices, P.C.

142 Main Street
Leominster, MA 01453

Toll Free: 877-261-4389
Phone: 978-401-0825
Fax: 978-840-6000
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