From the Book: Divorce Amicably
This is a chapter summary from Chapter 6 of Divorce Amicably, a guide to navigating separation with dignity and cooperation.
Chapter 64 Author: Jason Wiggam
Jason is a founding partner of Wiggam Law in Atlanta, Georgia. His practice focuses on representing individuals, businesses, officers, directors, shareholders, and partners in matters concerning the Internal Revenue Service (IRS), the Georgia Department of Revenue, and other state tax departments. He has successfully represented clients in the IRS’s recent crackdowns on syndicated conservation easements and micro-captive insurance disputes.
Why Divorce Has Tax Consequences
Divorce doesn’t just divide property—it changes how income, assets, and obligations are treated by the IRS. From the taxability of alimony to how property transfers are reported, decisions made during the divorce process carry financial effects long after the decree is final. Awareness of these rules is essential to prevent unexpected liabilities and secure financial stability.
Key Tax Impacts in Divorce
Planning Ahead for Tax Stability
Tax rules around divorce are not just technicalities—they shape your financial reality for years to come. Whether it’s ensuring alimony is handled properly, dividing property without future surprises, or understanding new filing statuses, careful planning avoids expensive mistakes. Consulting a tax professional or attorney ensures that your settlement accounts for these issues and keeps you financially secure.
Safeguard Your Finances During Divorce
Divorce already brings emotional strain; tax mistakes should not add to the burden. Divorce Amicably walks you through how taxes impact your settlement and financial future. Order your copy today and learn how to protect yourself from unexpected tax consequences.
Want to read the full Chapter?
Featuring insights from 40 experienced financial, legal, and mental health professionals across 80 essential topics,