Saturday, April 12, 2014
"Conscious uncoupling" might become all the rage now that actress Gwyneth Paltrow and musician Chris Martin have announced they are separating in a cooperative and respectful way. But there is nothing touchy feely about divorce in the eyes of the Internal Revenue Service.
In fact, filing taxes after you divorce, or even separate, may be trickier than when you were together. And, as if to add insult to the emotional injury of ending a marriage, your first "uncoupled" tax bill might deliver a major financial blow.
Read more here.