Donna Dougherty Law P.C.

March 2015 Archives

Three things that parents should not do to kids when divorcing

In a prior post, we highlighted some helpful tips to help parents with the difficulties of telling kids about a divorce. After all, kids want their parents to get along and stay together. They don’t necessarily like the prospect of their family breaking up, or the uncertainty that a divorce can bring. With that said, parents must tread carefully when explaining what is going to happen.

Can you claim the Child Tax Credit after divorce?

In a prior post, we highlighted the possible defenses a spouse could raise in the event their former spouse is charged with tax fraud or tax evasion during the years the parties were married. Indeed, these are important issues to consider, but the reality is that many former spouses won’t have to deal with federal prosecutors on tax issues. Instead, they will likely have questions about which parent may claim a child on their federal tax return for the Child Tax Credit.

Three tips for telling kids about divorce

Part of the emotional trauma that comes with divorce involves telling the children that mommy and daddy are going their separate ways. To kids (especially younger kids) this can be quite a shock to their world. After all, parents are likely to be a pillar of their well-being, and the thought of one parent not being around can be disappointing. Also, kids may be unnerved if they have to move or endure other changes that they may not be ready for.

Should you be concerned about tax issues after divorce?

When dealing with the emotional issues that come with a divorce, many people may not consider the issues that may come with the tax problems that a former spouse can leave behind. After all, a jointly signed tax return can lead to both parties being held liable in the event one is charged with tax fraud or tax evasion.

What is financial infidelity and how it can affect your divorce

For many couples contemplating divorce (or in the throes of a dissolution) money is likely the root of their problems. Many times it is because they don’t have enough money to make ends meet, and that leads to the relationship deteriorating. Other times it is because of financial infidelity; essentially the act of being untruthful or unfaithful about money.

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