10 Divorce Myths That Just Aren’t True in Indiana You can find just about anything with a Google search. But the fact you read it on the internet doesn’t make it true. It can be hard to tell what’s true when you’re clicking through the internet. Here are some myths we hear over and over…
Should you file a joint return while your divorce is still pending?
In order to file a joint tax return, you have to be married at the end of the tax year. The IRS looks at your marital status as of 11:59 p.m. on December 31.
But there are still good reasons to file separately.
You’re getting divorced. You suspect that your spouse committed tax fraud. What do you do? If you signed off on a joint return and knew of the deception, you could be charged with conspiracy to commit tax fraud. That is a serious crime. Even if you’re not on the hook, it takes careful analysis to determine whether it’s in your financial best interests to air this issue.
Deciding whether to keep the house is intensely personal. It is, after all, the house you built your family in together, that you likely saved for and spent hours decorating. Deciding to keep the house is an emotional decision that can have huge financial consequences. When making this important decision you need to consider both the emotional…
The New Year is a time to reflect on the past and plan for the future. Many people resolve to lose weight, hit the gym, eat healthy, but it is also important to consider other areas of your life. Bays Family Law encourages you to consider the following legal resolutions to protect yourself from unintended legal consequences…
Is Indiana a “no-fault divorce” state? Yes. Well, mostly. First, what on earth is a “fault” divorce? It’s always somebody’s fault, right? The truth is that while, yes, there may be one party that carries more of the blame, state law may not consider that pertinent. In states like California, parties divorcing can greatly alter…
These days, you can Google – well – anything. So, why can’t you handle your own divorce? Or – to put it bluntly– why should you spend money on one? Well, an Attorney: Knows the Law. The law can be a funny thing. You can read the words of a statute and think you know…
How do you identify assets in the marital estate if the other party always handled the finances? The most recent income tax return (Form 1040 or 1040 EZ are common) is a good starting point. The tax return will describe each source of income, whether it be interest, dividends, rental income or, gain or loss…
