Month: June 2013

How divorce can affect a home sale

Some Florida residents planning to divorce may wonder about the tax implications. Divorce often includes the sale of a home. The Internal Revenue Code may allow a spouse to exclude some of the gain from a home sale from being considered income. Knowing how to take...

The complexities of high asset divorce in Florida

When a couple gets divorced, many financial matters have to be settled. This is especially true for people with numerous assets. Because Florida is an equitable distribution state, assets are divided in a fair and equitable manner but not necessarily 50-50. A spouse...

Divorcees may face surprises during tax time

Many Florida divorcees may forget to consider the tax consequences of their divorces. There are many things that recent divorcees may not consider when filing their taxes, such as alimony. The divorced couple should discuss who will be claiming the children on their...

Push for alimony changes continues

Those in Florida who are attempting to change alimony laws faced a setback with the vetoing of a proposed law by the governor, but they have not given up the fight to change how spousal support is handled in the state. Alimony tends to be a point of contention during...