Taxes And Divorce

If you divorced in 2015, there are a few important things to be aware of in order to avoid potential hassles.

Robert Bordet offers this quick cheat sheet:

1. Know your filing status.
2. Review your settlement agreement in order to determine who can claim the children as exemptions.
3. Ensure you have an IRS form 8332 signed, if required.
4. Determine the amount of your withholdings on your form W4.
5. Ensure you’ve done estimated payments if your withholding is not enough, or if you’re receiving alimony.