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Are you ready to get educated and take charge of your Second Chapter financial future?

Schedule a complimentary consultation today to create a tailored financial strategy that addresses your unique divorce circumstances. Our dedicated team is here to support you through this important transition.

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Writer's pictureHerafin

🚨 Attention Divorcing Women: Protect Yourself from Tax Trouble! 🚨



🎱Actually Look at the Tax Return

Before signing, review the tax return thoroughly.

Pay special attention to Schedule B (listing all income-generating accounts) and Schedule D (detailing capital gains and losses).

🎱Meet with a Tax Preparer Yourself

Obtain copies of your joint tax return and consult with a tax preparer.

Look for discrepancies between reported income and lifestyle, such as unexplained cash flow or multiple properties.

🎱 Do Some Sleuthing

Request tax transcripts from the IRS to verify filed returns.

Obtain bank statements directly from financial institutions.

Consider hiring a private investigator to search for hidden bank accounts.

🎱. File Separately

Married couples can choose to file separately to avoid being liable for a spouse's tax issues.

Filing separately may result in higher taxes but can protect against future liabilities.

🎱 See if You Can Get Relief

If the IRS pursues you for additional taxes, you might qualify for:Innocent spouse relief

These options can help if you were unaware of your spouse's financial misconduct.

The article emphasizes the importance of being proactive and vigilant to safeguard oneself from potential financial deception by a spouse during tax time.



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