As we approach tax season, the question of whether or not to file a joint return with your spouse becomes a particularly important consideration if you are contemplating a divorce. While it is usually more beneficial to file a joint return, there are situations when filing separately may be the better option. For example, you suspect that your spouse may be omitting income or overstating deductions, and you do not want to be held personally responsible for your spouse’s potential tax liability. You may also want to keep finances separate if you have separated from your spouse and/or are considering a divorce.
If you are contemplating divorce and have questions about your rights, do not hesitate to call us at (908) 879-9499 to schedule an initial consultation, or visit our website at http://www.iandoliedens.com. Our attorneys are here to help.