Memphis Divorce Lawyer and Tax Attorney
Three IRS publications on tax considerations during divorce.

During divorce or separation, one of the variables couples must consider is Federal taxes. Right away, this point may appear overpowering to some. To help, we have incorporated a list of 3 IRS Publications that touch on divorce and separation.

IRS Publication 504 for divorced / separated

This is for Divorced or Separated Individuals and clarifies rules that apply if you are divorced or separated from your spouse. It touches upon general data and can help you pick your filing status. It additionally can help you choose which exemptions you are qualified for, including exceptions for dependents. IRS Publication 504 additionally clarifies:
Exclusions for Dependents after a divorce
The Filing Status choices after divorce (Married Filing Jointly, Married Filing Separately, and Head of Household)
Phaseout of Exemptions after divorce
Offspring of Divorced or Separated Parents
Divorce settlements, Alimony Requirements, and Recapture of Alimony
Qualified Domestic Relations Order (QDRO) resulting from divorce
Installments and exchanges of property that typically arise during separation or divorce.

IRS Publication 503 Child & Dependent Care in divorce

This publication talks about Child and Dependent Care Expenses. It clarifies the tests you must meet to claim the credit for dependent care costs. It additionally clarifies how to figure and claim the credit.
IRS Publication 503 likewise addresses a common question: "Are My Divorce Fees Deductible?" The reply given is: "You cannot deduct legal fees and court costs for getting a divorce. But you may be able to deduct legal fees paid for tax advice in connection with a divorce and legal fees to get alimony. In addition, you may be able to deduct fees you pay to appraisers, actuaries, and accountants for services in determining your correct tax or in helping to get alimony."

IRS Publication 523, Selling or Valuing Your Home in divorce.

This pamphlet clarifies the tax rules that apply when you sell or attempt to value your principle home as a result of divorce.
The fundamental themes in this pamphlet are:
Figuring increase or loss on the home when sold as a result of divorce
Calculating cost basis of the divorcing couples' home
Excluding gains
IRS ownership and use tests for the divorcing couple domicile, and
Reporting the sale or valuing the property during and after divorce.


If you have questions and need our assistance in a divorce matter and/or taxation accounting matter like the above, please call us at (901) 756-7878 or use the contact form to the right.