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The tax implications of alimony

On behalf of Goldstein & Bachman posted in Divorce on Saturday, March 10, 2012

Spring is generally a happy, optimistic season in New Jersey, complete with warm weather, increasing sunlight and the seeming promise of a fresh start. Unfortunately, spring also contains one unpleasantness: the federal income tax filing deadline, which falls this year on April 17.

If you have gone through a divorce this year, you may feel more confused and overwhelmed by your taxes than ever before. However, depending on your financial situation, your taxes will probably be less complicated than you are anticipating.

Continue reading The tax implications of alimony

Tags: alimony, child support, divorce, spousal support, taxes

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The 'Divorce Month' is here and New Jersey lawyers are ready

On behalf of Goldstein & Bachman posted in Divorce on Friday, January 13, 2012

The holidays are over. Although the cluster of company holidays may be gone for a few months, you may be happy to finally be betting back into your old routines. Unfortunately, for many couples in New Jersey, that also means back to fighting with their spouses.

In fact, many people are now throwing in the towel and scheduling appointments with divorce lawyers. Now that the holiday cheer gone, you're ready to finally call it quits on your marriage as well. According to statistics, more people file for divorce in January than in any other season.

Continue reading The 'Divorce Month' is here and New Jersey lawyers are ready

Tags: January, children, divorce, taxes

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Tax tips for divorcing couples in New Jersey, part two

On behalf of Goldstein & Bachman posted in Divorce on Saturday, April 30, 2011

In a recent post, we wrote about the implications divorce can have on individuals' tax returns. Although most people in New Jersey have already filed their tax returns, there are steps you can take to help ensure you maximize your returns for the upcoming years.

The last post discussed some of the things couples should be aware of when they're actually divorcing, including marital status and who actually gets to claim the kids. Now we will discuss the long-term implications alimony and child support payments can have on your tax return.

Continue reading Tax tips for divorcing couples in New Jersey, part two

Tags: alimony, child support, divorce, taxes

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Goldstein & Bachman's founding partners - Mark Goldstein and Howard Bachman - have each practiced law in New Jersey for more than 20 years.

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