Tax Implications in Divorce With Tatiana Tsoir

Divorce Dialogues

“In this world, nothing is certain except death and taxes.”—Benjamin Franklin When you are getting divorced your taxes are probably not the first thing on your mind, but as Benjamin Franklin said in his famous quote taxes remain even when a marriage ends. Taxes are never an easy topic to discuss but there are many tax implications divorcing couples should address, especially if children or alimony are involved. Tatiana Tsoir is an author, speaker, and visionary accountant. For over 15 years she's worked with business owners to help them manage their money and their bottom line. Tatiana is also an experienced adviser on all the scenarios impacting the tax-related matters of divorce. On this episode of the podcast, Tatiana joins Katherine to discuss when to bring up the issue of taxes in your divorce. She discusses the common misunderstanding about the child tax credit, the 529 plan, and strategies for both that can save both parties money. Listen in for Tatiana's insight into underutilized tax strategies for small business owner parents and the number one thing people who are divorcing should think about when they talk about their taxes. Topics Covered When the issue of taxes should be brought up in divorce How to structure taxes to support both parents when children are involved How a business-owning spouse can legally deduct alimony payments How to employ tax strategies that will save both parties money The key to making the child tax credit work for you and your spouse How to avoid misunderstandings around the 529 education plan Tatiana shares one of the most underutilized tax strategies of small business owner parents Best practices for using a custodial Roth IRA account When to start thinking about using tax strategies to increase education funding options The first thing people who are divorcing should think about when discuss their taxes Connect with Tatiana Tsoir Linza Advisors: https://www.linzaadvisors.com/ Tatiana Tsoir on Instagram: https://www.instagram.com/tatianatsoir.author/ Connect with Katherine Miller The Center for Understanding Conflict: http://understandinginconflict.org/ Miller Law Group: https://westchesterfamilylaw.com/ Katherine on LinkedIn: linkedin.com/in/kemiller1 The New Yorker’s Guide to Collaborative Divorce by Katherine Miller: https://www.amazon.com/New-Yorkers-Guide-Collaborative-Divorce/dp/0692496246 Email: [e-mail] Call [phone] Resources Dream Bold, Start Smart by Tatiana Tsoir: https://www.tatianatsoir.com/dreambold