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95. Divorce and Taxes: What You Need to Know with Tax Attorney Hubert Johnson
Manage episode 453960921 series 3252389
Divorce is already complicated, but when you add taxes into the mix, things can get even trickier. In this episode, we’re diving into the essential tax considerations for anyone navigating a divorce. Whether you’re in the early stages, right in the middle, or finalizing the process, understanding how taxes factor into your divorce is critical to protecting your financial future.
Our special guest is Hubert Johnson, a seasoned tax attorney with 15 years of experience, founder of Guardian Tax Law, co-author of two influential books, and host of the TV show Taxes Made Easy on SmartMoneyCulture.tv. Not only is Hubert an expert in tax law, but he also has personal experience with divorce, giving him unique insight into the challenges men face during this time.
In this conversation, Hubert shares invaluable advice, emphasizing the importance of getting informed, taking control of your finances, and working with professionals to avoid costly mistakes. He covers the often-overlooked but crucial details about taxes during and after divorce, offering practical insights to help you stay one step ahead.
In this episode, we discuss:
✅ Hubert's personal experience with divorce
✅ Why ignoring your finances isn’t an option
✅ Is alimony taxable?
✅ Dealing with dependency deductions and child tax credit
✅ Refundable vs non-refundable tax credits
✅ Filing status changes
✅ Safeguarding yourself — What you should include in your settlement agreement
✅ The importance of record-keeping and digitalization to avoid future financial complications
✅ A glimpse into divorce and bankruptcy
✅ Things to know before legally changing your name
✅ And much more!
This episode is packed with actionable advice to help you avoid tax pitfalls during divorce. Whether you’re wondering how to handle dependency deductions, unsure about filing statuses, or concerned about your ex’s financial behavior, Hubert will guide you on how to protect yourself and set the stage for financial security post-divorce.
To learn more about Hubert and his services, go to https://www.guardiantaxlaw.com
Check out Hubert's Youtube channel: https://www.youtube.com/@guardiantaxlaw
Follow Hubert on Instagram: @guardiantaxlaw https://www.instagram.com/guardiantaxlaw
95 episoder
Manage episode 453960921 series 3252389
Divorce is already complicated, but when you add taxes into the mix, things can get even trickier. In this episode, we’re diving into the essential tax considerations for anyone navigating a divorce. Whether you’re in the early stages, right in the middle, or finalizing the process, understanding how taxes factor into your divorce is critical to protecting your financial future.
Our special guest is Hubert Johnson, a seasoned tax attorney with 15 years of experience, founder of Guardian Tax Law, co-author of two influential books, and host of the TV show Taxes Made Easy on SmartMoneyCulture.tv. Not only is Hubert an expert in tax law, but he also has personal experience with divorce, giving him unique insight into the challenges men face during this time.
In this conversation, Hubert shares invaluable advice, emphasizing the importance of getting informed, taking control of your finances, and working with professionals to avoid costly mistakes. He covers the often-overlooked but crucial details about taxes during and after divorce, offering practical insights to help you stay one step ahead.
In this episode, we discuss:
✅ Hubert's personal experience with divorce
✅ Why ignoring your finances isn’t an option
✅ Is alimony taxable?
✅ Dealing with dependency deductions and child tax credit
✅ Refundable vs non-refundable tax credits
✅ Filing status changes
✅ Safeguarding yourself — What you should include in your settlement agreement
✅ The importance of record-keeping and digitalization to avoid future financial complications
✅ A glimpse into divorce and bankruptcy
✅ Things to know before legally changing your name
✅ And much more!
This episode is packed with actionable advice to help you avoid tax pitfalls during divorce. Whether you’re wondering how to handle dependency deductions, unsure about filing statuses, or concerned about your ex’s financial behavior, Hubert will guide you on how to protect yourself and set the stage for financial security post-divorce.
To learn more about Hubert and his services, go to https://www.guardiantaxlaw.com
Check out Hubert's Youtube channel: https://www.youtube.com/@guardiantaxlaw
Follow Hubert on Instagram: @guardiantaxlaw https://www.instagram.com/guardiantaxlaw
95 episoder
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