divorce

Five Commonly Asked Financial Questions During Divorce

November 5th, 2024|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Divorce, Divorce CPA, Tax, tax accountant, tax accountant near me, Tax Advisor, Texas CPA, The Burns Firm|Tags: , , , , , , , , , , , |

Married people save money by sharing household expenses. But when divorce strikes, the couple's bills may suddenly double. You need to pay two electric bills, two mortgages and (hopefully) two [...]

Estate Planning in Divorce: Don’t Put It Off

September 3rd, 2024|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Divorce, Divorce CPA, Estate Planning, Selling A Home, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Planning, Texas CPA, The Burns Firm|Tags: , , , , , , , , , , , , |

Going through a divorce can be a traumatic experience — not to mention a time-consuming and expensive one. So it's no surprise that separating couples often overlook the impact of [...]

Uncovering Hidden Assets in a Divorce

April 9th, 2024|Categories: Accountant, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Divorce, Forensic Accounting, Forensic CPA, Hidden Assets, Services, Tax, Tax Advisor, The Burns Firm|Tags: , , , , , , , , , |

These days, marriage can be a complex venture, and when it dissolves, sorting out the finances can be difficult. Even in amicable divorces, the financial entanglements can be complicated. And [...]

Spouses Are Guilty Until Proven Innocent

May 18th, 2023|Categories: Accountant, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Divorce, Innocent Spouse, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Filing Status, Tax Preparation, Tax Return, Tax Return Filing, The Burns Firm|Tags: , , , , , , , |

When you got married, you knew it was for "better or worse." But you might not know about laws that hold you responsible if your spouse cheats on a tax [...]

How Divorce Affects Eligibility for the Home Sale Gain Exclusion

April 27th, 2023|Categories: Accountant, accountant near me, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tax return preparer, Divorce, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Credits, Tax Planning, Tax Preparation, Tax Return, tax write-offs, The Burns Firm, Year-End Tax Planning|Tags: , , , , , , , , , , |

It's common for couples who divorce to sell their homes. Not only does this move give former spouses fresh starts after the divorce is finalized, but it can also free [...]

Business Valuation Issues in Divorce

March 9th, 2023|Categories: Accountant, Accounting, Burns Firm, Business, Business Valuation, CPA, CPA Dallas, CPA near me, Dallas CPA, Divorce, Services, Small Business, Tax, tax accountant, Tax Advisor, The Burns Firm|Tags: , , , , , , |

In a divorce, when either or both spouses own a closely held business, the dissolution of the marriage becomes more complex. There are several questions to consider: Should the couple [...]

Always Question Owner’s Compensation in Divorce

August 4th, 2022|Categories: Accountant, accountant near me, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Planning, tax preparer near me, Tax Return, The Burns Firm|Tags: , , , , , , , , , , , |

Divorce is more complicated when either spouse owns a private business interest. In these cases, a settlement is only as reasonable as the value of the business and the compensation [...]

How Does Divorce Affect Social Security?

March 22nd, 2022|Categories: Accountant, Accounting, Burns Firm, CPA Dallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Social Security, Tax, Tax Deductions, Tax Preparation, Tax Return, The Burns Firm|Tags: , , , , , , |

If you're divorced, it's possible to claim Social Security spousal and survivor benefits from your ex-spouse, and to keep the entire matter private. The Social Security Administration (SSA) will not inform [...]

Valuation of Business Assets in Divorce: One Case Provides Insight

November 19th, 2020|Categories: Burns Firm|Tags: , , , , , , |

Sometimes estranged spouses can remain fair, rational, and civil during divorce proceedings. But in other cases, a divorce can turn ugly. When the couple's assets involve a business interest, the [...]

Dividing Assets, and Tax Bills, in Divorce

September 17th, 2020|Categories: Burns Firm|Tags: , , , , , , , , , |

When a divorce happens, there are often major financial consequences and some important tax issues too. Here are the tax rules that generally apply when a couple's assets are split [...]

Answers to Your Questions about Marital Status and Tax Returns

May 24th, 2018|Categories: Burns Firm, Tax, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: , , , , , , , , , , |

When a couple gets married or divorced, taxes are probably not the first thing on their minds. But many decisions that couples make do affect their tax returns — and the amount [...]

Getting a Divorce? Divide Assets and Tax Bills

March 13th, 2018|Categories: Burns Firm, Exemptions, Law, Services, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: , , , , , , , , , , |

With a divorce, there are often major financial consequences and some important tax issues too. Here are the tax rules that generally apply when a couple's assets are split up in [...]

Marital Status and Your Tax Return

January 9th, 2018|Categories: Accounting, Burns Firm, Law, Services, Tax, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: , , , , , , , , , , , , , |

When a couple gets married or gets divorced, taxes are probably not the first thing on their minds. But many decisions that couples make do affect their tax returns — [...]

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