With tax season officially upon us, Cordell & Cordell Principal Partner Joe Cordell focused his most recent column in the Huffington Post on common tax issues that arise for the recently divorced.
The dissolution of a marriage typically leads to a host of new concerns and questions once you start filling out your tax forms.
“It is crucial that you understand what has changed, since any errors in your filing could potentially result in an IRS audit — an even more unpleasant process that will only serve to compound the difficulties you are already facing with an ongoing fresh divorce,” Mr. Cordell wrote.
Mr. Cordell explained what you need to know about determining filing status, child dependency exemptions and credits, and several other tax concerns that frequently arise for the recently divorced.
In some cases, Mr. Cordell said it’s a good idea to seek professional assistance when going through this process.
“It may be a good idea for the recently divorced to have a financial advisor, such as an accountant or CPA, look over your return to ensure there are no errors and you are maximizing your return,” he said.
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Written by Joseph E. Cordell
Joseph E. Cordell is the Principal Partner at Cordell and Cordell, P.C., which he founded in 1990 with his wife, Yvonne. Over the past 25 years, the firm has grown to include more than 100 offices in 30 states, as well as internationally in the United Kingdom. Mr. Cordell is licensed to practice in the states of Illinois and Missouri and received his LL.M. from Washington University in St. Louis, Missouri. Joseph E. Cordell was named one of the Top 10 Best Family Law Attorneys for Client Satisfaction in Missouri.
