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{"id":13394,"date":"2014-07-17T23:43:37","date_gmt":"2014-07-17T23:43:37","guid":{"rendered":"http:\/\/www.seonewswire.net\/2014\/07\/top-3-considerations-for-avoiding-tax-problems-in-your-divorce-settlement\/"},"modified":"2014-07-17T23:43:37","modified_gmt":"2014-07-17T23:43:37","slug":"top-3-considerations-for-avoiding-tax-problems-in-your-divorce-settlement","status":"publish","type":"post","link":"http:\/\/www.seonewswire.net\/2014\/07\/top-3-considerations-for-avoiding-tax-problems-in-your-divorce-settlement\/","title":{"rendered":"Top 3 Considerations For Avoiding Tax Problems In Your Divorce Settlement"},"content":{"rendered":"

\"Orange<\/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

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  1. Division of Property<\/strong><\/li>\n<\/ol>\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