Divorce Advice for Men | Fathers Rights Divorce | Child Custody

by Milandria King, LL.M of Cordell & Cordell, PC

When married individuals file joint tax returns, they collectively claim their children as exemptions.  Divorced parents, however, are not permitted to file jointly.  This may lead to discussions or even heated debates regarding who has the right to claim the children as dependents on the federal tax return. As may be the case with some divorced couples, only one parent may be a legally recognized parent, thus that parent would have the right to claim the exemption.  With other parents, where both parties are legal parents, the parties may agree on which person will claim the exemptions.  This may be reasonably based on who stands to benefit greater financially from the exemption or who needs the exemption more considering both incomes.  Some couples are able to decide that they will claim the child in alternating years so long as the appropriate forms are completed and submitted to the I.R.S.

by Milandria King, LL.M of

Cordell & Cordell, PC

Single and divorced men are always eager to  discover more avenues for increasing the amount of expendable or disposable income they have at the end of every month.

The first place to look is right on your paycheck stub.

It is quite possible that as a single man, you are having too much in taxes deducted from your paycheck every pay period. This is true if you always find yourself looking forward to the receipt of a substantial tax refund with every coming tax season. Recent reports indicate that so far this year, the average tax refund is approximately $2,800.

If you're interested in making ends meet right now, filing a new W-4 form with your employer will insure that you get more of your money when you earn it; when you would likely benefit the most from it.

by Milandria King, LL.M of

Cordell & Cordell, PC

As most separated and divorced men come to realize, it is often a daunting effort to maintain two households simultaneously.

When a man is responsible for maintaining the marital home in addition to procuring his own residence, if he is no longer residing in the marital home, this may soon present overwhelming financial obligations. Many homeowners in  jurisdictions around the country are falling behind in their mortgage payments, in large part due to adjustable rate mortgages (ARMs) that have reset to higher rates. The delinquency rate for mortgage borrowers continues to increase, and a record number of homes are entering the foreclosure process. Separated and divorced men are exceptionally vulnerable. What are the tax consequences of foreclosure?

by Milandria King, JD of Cordell & Cordell, P.C.

Sometimes the multitude of issues which arise when one is involved in a dissolution action may seem overbearing. Fathers often reach the hard realization that they were once capable of providing for an entire family, however, due to a division of assets and possible maintenance of two separate households, available funds often begin to rapidly dwindle.

Following are some suggestions as to where single or divorced fathers can go to get their own bailout relief in these difficult economic times.

...with  Milandria King, LL.M of Cordell & Cordell, PC

Divorce adds a whole new set of challengessd to the already daunting act of filing your taxes. If your ex- or soon-to-be-ex always took on the tax-filing duties and you now find yourself treading in unfamiliar territory, this is the show for you.

Family Law tax expert, Milandria King, describes what you should do if you have discovered past fraudulant behavior by your former spouse and want to ensure your own legitimacy where the IRS is concerned through use of "Innocent Spouse Relief."

Other topics include, late filing, inability to pay a tax bill, claiming children of divorce, and necessary communication between tax-filing ex-spouses.

Watch the video and learn more about filing your taxes.