Finding Relief from Tax Debt During Divorce: We’re Here to Help

Going through a divorce can be one of the most stressful experiences in life, and when tax debt enters the picture, it can feel overwhelming. At Golden Lion Tax Solutions, we understand the emotional and financial strain that comes with divorce, and we’re here to support you every step of the way.

We often see couples add tax debt to the list of financial responsibilities to be divided without fully addressing it first.

This oversight can lead to complications, particularly when each party has differing understandings of who is responsible for what.

However, it’s crucial to recognize that while state courts may assign responsibility for paying tax liabilities, the federal government does not honor these agreements. This means that even if one spouse is ordered to pay a certain debt, the other may still be held liable for that same debt if the IRS comes calling. This can leave both parties facing unexpected future liabilities, complicating an already challenging situation.

That’s where we come in.

Our specialized service is designed to relieve the stress surrounding tax debt during divorce. We’re not just here to provide numbers; we truly care about your well-being and want to help you achieve the best outcome possible. We believe that understanding your tax responsibilities and rights is a critical component of navigating divorce.

Here’s how we do it:

Thorough Review of Tax Liabilities:

We take the time to examine all tax debts incurred during the marriage, ensuring you have a complete picture of the financial landscape you’re facing. By identifying all potential sources of liability—whether accrued income taxes, property taxes, or any other debts—we empower you to address these issues proactively.

Personalized Resolution Strategies:

Understanding your unique financial circumstances allows us to recommend tailored resolution options that are right for you. Whether it’s negotiating a payment plan with the IRS or exploring potential settlement options, our goal is to help you feel empowered and informed before finalizing your divorce. We recognize that each situation is unique, and being properly informed can help you make decisions that are in your best interest.

Insight into Tax Consequences:

We explain any potential tax implications associated with different strategies so you can make decisions with confidence and clarity. Tax liabilities can sometimes be overlooked during divorce proceedings, but being aware of how property division or support payments might affect your tax situation is essential in order to avoid future surprises.

Expert Testimony:

By securing our expert testimony, you can ensure that tax debt is handled properly and its implications are considered in your divorce negotiations. Our team is equipped to advocate for fair treatment of tax responsibilities during divorce proceedings, which can help create a more equitable settlement for both parties.

Ongoing Support:

Divorce doesn’t end when the papers are signed. We provide ongoing support, helping you navigate any tax-related issues that may arise after your divorce is finalized. Whether it’s figuring out how to file your taxes as a newly single individual or addressing any outstanding liabilities, we’re here to help you through every phase.

Going through a divorce is tough enough without the added burden of tax debt. At Golden Lion Tax Solutions, we aim to make this process as seamless as possible. Our experienced team is dedicated to helping you navigate the complexities of tax liabilities associated with divorce. By working with us, you’ll be better positioned to handle your financial obligations and move forward into your new life with greater peace of mind.

Let us take the guesswork out of the equation, allowing you to focus on what truly matters, your emotional recovery and preparing for a brighter future.