Tiger, taxes and divorce (again)

February 19, 2010

On Valentine's Day, I looked at the tax implications of courtships that turn into marriages.

Tiger Woods apologizes for his marital infidelity

Today, in light of Tiger Woods' statement about his indiscretions, I thought I'd reprise some info about tax considerations when a marriage ends.

Now I'm not saying I doubt the sincerity of Tiger's apology. But I noticed that Elin was not there. Personally, I'm glad she wasn't. He's the one who made such a mess of everything; he needs to clean it up himself.

And I'm not saying I think or hope they will split up. I'm a big fan of marriage, having been in one for 28-plus years.

But most of the time I'm more pragmatic than romantic, so …

It's from that "be prepared" perspective, I give you a few blog items and stories that discuss some of the tax and financial issues couples need to be aware of when they divorce: 

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Comments
  • The most obvious impact on taxes, how to lodge a tax return is filed. Married status contract normally provides one of the greatest tax advantages. You can send this status until the divorce is final.

  • It’s about time Tiger Woods came out with his story as it has been sometime. This is his chance to redeem things for him.
    //danice

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