Life Changes and their Impact on Taxes

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Divorce and Taxes

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Divorce and Taxes in 2018 Filing status is based on your status as of December 31.  If you are divorced under a final decree by the last day of the year, you are considered unmarried for the whole year and you cannon choose Married Filing Jointly as your filing status.  Learn more by clicking on […]

Life Changes & their Impact on Taxes

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  Cancellation of Debt – Insolvency Taxpayers with cancelled debt can often exclude the cancellation of debt income to the extent that they were insolvent immediately before cancellation.  We discuss the cancellation of debt in this article. Find out more about what qualifies and doesn’t qualify by clicking on the Download Article link below.   […]

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