It depends completely upon the complexity of the tax implications. If you are wondering about things like the whether you should alternate years for claiming children as dependents and/or if you pay your former spouse's health insurance premium can you deduct it as "spousal support", your divorce attorney can probably help you with those issues. If you need to know the tax implications of dividing business assets, retirement plans, and complex investments, it would be foolish to expect anyone other than a skilled tax professional to give you the best advice. If you already have an attorney helping you with your divorce, ask them if you need a referral to a tax professional--if it hasn't come up yet, you probably don't, but check just in case. If you don't have an attorney yet, you can search among the attorney profiles here on AVVO to find someone, and then go from there. Good luck!
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You should certainly speak to an accountant I'm conjunction with your attorney. Make sure you feel comfortable with your level of understanding as to all issues. Good luck.
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While your Divorce Lawyer should be able to answer certain basic tax questions as they relate to matrimonial law, unless your attorney is also a licensed accountant, you should always consult an accountant for concrete answers regaridng your particular financial situation.
Your attorney should know the tax issues involved in a matrimonial case. For example maintenance is tax deductible for the payor and income to the payee. Distribution of assets are more complicated. After your attorney advises you of the tax issues which may affect you, your attorney should refer you over to an accountant or tax attorney familiar with taxation and Divorce issues.
You need a tax attorney or good CPA expert. Appreciated, but yet taxed assets are a major problem at divorce. Taking half of the assets by the terms of their current market value may not reflect the tax load from appreciation. Different assets are taxed differently. That is just one reason to have an expert.
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Certified Tax Specialist by the California Board of Legal... more
Patent & Tax Law Attorney
Certified Tax Specialist by the California Board of Legal Specialization
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This is a tough question without more facts. It is unclear if your divorce attorney is competent in the area of taxation. You should discuss this with him or her and ask them if they feel comfortable with the tax issues of your case, or should you hire a tax attorney to cover those areas.
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Divorce is the process of formally ending a marriage. Divorces may be jointly agreed upon, resolved by negotiation, or decided in court.