Evaluate your tax situation

How much does the IRS say you owe?

$0
$125,000 $250,000
$0
$125,000 $250,000
Do you have unfiled tax returns?
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Evaluate your tax situation

By evaluating your tax situation, you can identify areas where you may be able to reduce your tax burden.

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There are nearly 188,000 people living in Knoxville, Tennessee, and many are in marriages that may or may not last. Regardless, they all need to pay their taxes. For example, no one ever starts a relationship hoping for it to end in divorce. When you go through a divorce, it's important to know that the way you file taxes changes. A tax relief professional in Knoxville, TN can make the process easier. Other tax relief needs can include past due taxes, unfiled tax returns, tax liens, levies, wage garnishments, and much more.

Your Filing Status May Change

Many people in the above example assume that they can file as the head of the household after a divorce. This isn't always the case, though. A tax professional can help you determine if you were responsible for paying for more than half of the cost to keep your home during the last year or if your ex paid for it. They can also help you determine if you had a dependent, such as your child, living within the home for six or more months of the year. Both of these factors come into play when filing your tax return. Every case should be wary of nuances such as these.

Ensure You Claim the Proper Income When Filing

The tax code changes every year. This can create confusion when filing your taxes. In 2019, the tax regulations changed and certain things, such as alimony and child support, no longer have to be reported as taxable income. A tax professional knows how to help you avoid unhappy surprises in the future.