Filing a Tax Return During a Memphis, Tennessee Divorce Case

Filing tax returns? Memphis divorce attorneys can explain how the tax return may be impacted when you are going through a separation or divorce. Post-divorce taxes are a concern for a lot of people in this situation.

The only way you can file a joint tax return is if you and your spouse were married on the last day of the year. If you decide to file jointly, you may pay fewer taxes, although this is not always true.

One issue that may arise in these situations is that of a tax refund. Who collects it? If you filed jointly, take the necessary steps to ensure that any refunds will be issued in both your and your ex-spouse’s names. Whichever spouse actually receives the refund should then split it with the other spouse in whichever amount is agreed upon.

You also have the option of filing as “married filing separately” or filing as “head of household.” These options may separate the tax liability of the spouses, but before you go this route, be sure to check whether this would be beneficial in your case.

There are several tax implications that can affect a divorce, such as those pertaining to the assets from the marriage and any child/spousal support. Part of protecting yourself financially is being responsible when filing a tax return.  For more information, see Divorce and Taxes | Tennessee Divorce Law & Taxes Resources.

Seeking Help from Memphis Divorce Attorneys

Contact a divorce attorney at the Miles Mason Family Law Group, PLC to learn about your rights. Our law firm serves residents in Memphis, Collierville and Germantown, along with areas in Eastern Arkansas and West Tennessee.

To help prepare for your case, you should download our free eBook, Your First Steps: 7 Steps Planning Your Tennessee Divorce.