Uncoupling the Balance Sheet

In this episode, we’re joined by a seasoned CPA, Allison Green with Green Zahn & Associates, to unpack the often-overlooked financial fallout of divorce—taxes. From filing status and alimony changes to hidden tax liabilities and asset division traps, we break down the key financial considerations that can impact your cash flow long after the divorce settlement is signed. Whether you're in the midst of a separation, thinking about filing, or supporting someone going through it, this conversation is packed with tips and insights to learn how to protect your finances, prepare for tax season post-divorce, and make informed decisions that set you up for a more secure future.

Key Topics Covered:

• Divorce and Taxes

- What makes taxes different during divorce

- Filings statuses and rules

- To TurboTax or Not To TurboTax

• Asset Division and Tax Consequences

- Is it tax-free?

- Asset equalization vs asset liquidation

- Transfers vs distributions

- How to create a tax-smart settlement

• Spousal and Child support during taxes

- Post-2019 rule changes on spousal support

- Child support vs. dependency exemptions

- What is the best filing status for you?

• Proactive Tax Strategies

- When should you involve a CPA?

- Common mistakes to avoid

- Importance of updating W4

“A little bit of planning in the beginning and having somebody there to talk to and to kind of tell you what to look at can make all the difference in the world.” - Allison Green

Connect with Allison Green:

Website:  http://www.greenzahn.com/

Connect with Ksenia Muench:

Website: https://www.thriveagaindivorcecoaching.com/ 

Instagram: https://www.instagram.com/thriveagaindivorcecoaching/ 

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