The majority of Texas residents who claim dependents on their tax returns will not experience any complications with having their returns accepted. However, complications can arise in situations in which multiple taxpayers claim the same dependents and related tax credits, such as when separated or divorced parents both decide to report their children as dependents. When this occurs, the Internal Revenue Service will have to review the returns in question and determine which claim should be honored.
Experiencing the end of a marriage can be a stressful and daunting process. Regardless of what led you and your soon-to-be ex to decide to part ways, you might worry about how this experience will impact your life and the lives of your children, as well as wonder if the two of you will be able to maintain a civil relationship for the children's sake.
Being an entrepreneur, and having the freedom to create and control your own business, can be extremely rewarding. However, when your marriage is on shaky ground, it can also leave you feeling vulnerable and exposed - not knowing what will happen to the business in the event of divorce. This is why it is so important to get information early on in the planning process, so you can make smart decisions about both your business and your divorce.
Many people associate divorce with contentious court battles. However, a divorce doesn't have to go down that path. There are many strategies that couples ending a marriage can explore to keep things out of the courts. There are a number of benefits that avoiding litigation can have for divorcing couples and their families. Below we'll point out three major advantages to doing just that.
Ask anyone who has been married for a long time, and they will likely tell you about a difficult time in their marriage. But just because marriage gets hard doesn't mean it's time to quit.
If you are planning to marry in the near future, you are likely not planning on what will happen if your marriage ends at some point. Thinking about death or divorce before you even walk down the aisle may not seem like a romantic prospect, but it can be helpful to think about how you can protect your interests. One way you can do this is by creating a carefully prepared prenuptial agreement.
If you are facing the prospect of divorce and you want to minimize the stress and complications of this process, you are not alone. Like many others in Texas, you may want to find a way to approach your divorce that is both productive yet respectful. For many couples, the way to accomplish this is through divorce mediation.
You and your spouse have a unique relationship that is unlike any other couple's in Texas or beyond. You may find, however, that you share certain things in common with other spouses-namely either a spoken or unspoken arrangement regarding money. For instance, perhaps you and your spouse have an agreement that you don't spend money without telling each other.