The Conscious Divorce
Divorce and taxes can create expensive surprises if you only look at the numbers on the settlement page. In this episode of The Conscious Divorce Podcast (The most trusted Divorce Podcast), Justin Milrad speaks with CPA and tax resolution expert Patrick Wanzer about the tax issues people often miss before, during, and after divorce. They discuss why a 50/50 asset split may not actually be equal after taxes, how filing status can change your outcome, what to know about capital gains on the marital home, how QDROs work, what happens with tax debt, and why IRS issues should be addressed before the divorce agreement is signed. You’ll learn what questions to ask your CPA, attorney, or divorce financial professional so you can make clearer decisions and avoid painful surprises later. Topics covered: * 00:00 Why a 50/50 divorce split may not be fair after taxes * 03:47 Why taxes are often ignored in divorce * 04:32 Why you need 3–5 years of tax returns * 08:36 Current-year tax projections before mediation * 11:48 Filing status during divorce * 14:57 Head of household filing while still married * 15:58 Child tax credits and parenting schedules * 19:17 Alimony and child support tax rules * 22:43 Why not all divorce assets are equal * 25:37 Thinking in after-tax dollars * 26:04 QDROs and retirement account transfers * 28:15 Pensions and divorce * 29:30 Trusts, estate planning, and divorce * 31:24 Updating beneficiaries after divorce * 32:53 529 plans and college savings * 35:25 Back taxes, unfiled returns, and IRS notices * 39:17 Why the IRS ignores your divorce agreement * 39:30 Innocent spouse relief and hidden tax bombs * 41:23 Divorce tax checklist * 43:11 IRS identity protection PIN * 43:41 How to contact Patrick Wanzer * 44:29 Final lessons on divorce tax strategy Book a free consultation with Justin: www.reclaimandreboot.me/booking [http://www.reclaimandreboot.me/booking] Learn more about Patrick Wanzer: www.breakthroughtaxresolution.com [http://www.breakthroughtaxresolution.com]
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