Tax Implications in Divorce With Tatiana Tsoir

Katherine Miller — Fri, 22 Apr 2022 16:26:56 +0000

EP: 175

Tatiana Tsoir

Tax Implications in Divorce

Divorce Dialogues · Tax Implications in Divorce With Tatiana Tsoir

“In this world, nothing is certain except death and taxes.”—Benjamin Franklin

When you are getting divorced your taxes are probably not the first thing on your mind, but as Benjamin Franklin said in his famous quote taxes remain even when a marriage ends. Taxes are never an easy topic to discuss but there are many tax implications divorcing couples should address, especially if children or alimony are involved.

Tatiana Tsoir is an author, speaker, and visionary accountant. For over 15 years she’s worked with business owners to help them manage their money and their bottom line. Tatiana is also an experienced adviser on all the scenarios impacting the tax-related matters of divorce.

On this episode of the podcast, Tatiana joins Katherine to discuss when to bring up the issue of taxes in your divorce. She discusses the common misunderstanding about the child tax credit, the 529 plan, and strategies for both that can save both parties money.

Listen in for Tatiana’s insight into underutilized tax strategies for small business owner parents and the number one thing people who are divorcing should think about when they talk about their taxes.

Topics Covered

When the issue of taxes should be brought up in divorce

How to structure taxes to support both parents when children are involved

How a business-owning spouse can legally deduct alimony payments

How to employ tax strategies that will save both parties money

The key to making the child tax credit work for you and your spouse

How to avoid misunderstandings around the 529 education plan

Tatiana shares one of the most underutilized tax strategies of small business owner parents

Best practices for using a custodial Roth IRA account

When to start thinking about using tax strategies to increase education funding options

The first thing people who are divorcing should think about when discuss their taxes

Connect with Tatiana Tsoir

Linza Advisors

Tatiana Tsoir on Instagram

Connect with Katherine Miller

The Center for Understanding in Conflict

Miller Law Group

Katherine on LinkedIn

The New Yorker’s Guide to Collaborative Divorce by Katherine Miller

Email katherine@miller-law.com

Call (914) 862-7487

Resources

Dream Bold, Start Smart by Tatiana Tsoir

The post Tax Implications in Divorce With Tatiana Tsoir appeared first on Divorce Dialogues.

Creative Financial Planning in Divorce With Jonathan Satovsky

Katherine Miller — Sat, 25 Sep 2021 00:01:56 +0000

EP: 160

Jonathan Satovsky

Creative Financial Planning in Divorce

Divorce Dialogues · Creative Financial Planning in Divorce With Jonathan SatovskyIt is challenging to take the emotion out of discussions about money, especially in the divorce process. But if you can sit down and look at your finances objectively, it’s easier to make good decisions around who gets what and how to plan for the future.

Jonathan Satovsky is the CEO and Chief Behavioral Coach at Satovsky Asset Management, an investment management firm that promotes a mindful approach to multigenerational wealth. Prior to founding SAM in 2007, Jonathan spent 13-plus years at American Express Financial Advisors, and he holds the Certified Financial Planner, Certified Investment Management Analyst and Certified Private Wealth Advisor designations.

On this episode of Divorce Dialogues, Jonathan joins Katherine to explain how a Certified Divorce Financial Analyst can help you get up to speed on the financial issues in a divorce. He describes how to balance financial stability with housing costs in the divorce process and challenges you to be creative in prioritizing spending on what’s important to you. Listen in for insight around the tax implications of divorce and learn Jonathan’s approach to dividing assets through the collaborative process.