There are a number of financial topics you might think about when you are either considering, planning, or going through a separation or divorce. For example, how will my future tax returns be filed and affected by a divorce? Can I still itemize my deductions? Will I pay taxes on what property I receive? Senior Associate Attorney Heidi Sherman and tax attorney Jonathan Mishkin discuss tax considerations for an Oregon divorce.
Watch the video below to learn whether you can still itemize the payment of attorney fees, whether asset divisions in a divorce are taxable, how cost basis applies in an asset division or transfer, how taxes impact the value of assets, and how asset divisions within a domestic partnerships are viewed by the Federal Government.
This publication does not, and is not intended to, provide tax or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax or accounting advice. To schedule a consultation with one of the lawyers at Jill Brittle Family Law Group, please call our office at 503-445-1575.