<\/a>No one wants any problems with the IRS as a result of their divorce<\/a>!\u00a0 In any divorce case, there are tax issues both during and after divorce that need to be considered and addressed.\u00a0 Divorce is anguishing enough, and dealing with a tax problem thereafter is even worse.\u00a0 Here is some information and tips on what to consider as part of your divorce in relation to taxes:<\/p>\n Generally, for property transfer between divorcing parties as part of a divorce settlement, there is no tax implication.\u00a0 That can include transfer of ownership of real property.<\/p>\n However, there can be tax implications when an asset like a retirement account is split.\u00a0 For example, to divide a 401(k) plan, you cannot simply withdraw funds from the plan without penalties and taxes.\u00a0 Therefore, a Qualified Domestic Relations Order is often required to divide such plans by a rollover IRA to the other spouse to avoid (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" No one wants any problems with the IRS as a result of their divorce!\u00a0 In any divorce case, there are tax issues both during and after divorce that need to be considered and addressed.\u00a0 Divorce is anguishing enough, and dealing…<\/span><\/p>\n\n