How Divorce Impacts Your Taxes and What to Do About It

Divorce changes everything, including how the IRS sees you. And if taxes aren’t part of the conversation early on, the financial consequences can linger long after the divorce is finalized.In this episode of I Now Pronounce You Divorced, we’re joined by Valerie Horner, a taxation expert and founder of V.Horner Accounting, who breaks down the often-overlooked intersection of divorce and taxes. Valerie walks listeners through why understanding your long-term financial goals is essential during divorce, how your filing status as of December 31 can significantly impact your tax obligations, and which tax deductions and credits may still be available post-divorce.Together, we explore how divorce becomes significantly more complex when business ownership is part of the equation. From how a business is structured to the ripple effect those decisions can have on taxes, Valerie breaks down what individuals need to understand before making critical moves🎧 Tune in to learn how proactive tax planning can make a meaningful difference post-divorce.