CPA Insights: Divorce Finances & Tax Strategies – Men’s Divorce Podcast
Cordell & Cordell Men's Divorce Podcast
Shownotes Transcript
In this episode of Men’s Divorce Podcast, Cordell & Cordell Executive/Managing Partner, CEO Scott Trout, engages in a captivating conversation with Jason Buhlinger, a partner at Armanino, about the critical topics of divorce, financial issues, and tracing income. Together, they explore the complexities involved in divorce proceedings and provide insights on navigating financial challenges effectively. From understanding business valuations and considering the importance of expert guidance to analyzing income, examining sources of income, and tracing undisclosed income, this episode offers invaluable insights into the financial aspects of divorce.
Throughout the discussion, Mr. Trout and Mr. Buhlinger stress the significance of seeking objective and independent expert advice. They highlight the essential role of professionals in assessing income, analyzing settlement offers, and providing after-tax cash flow analysis. Listeners will gain a deeper understanding of the importance of meticulous organization, maintaining detailed records, and leveraging the expertise of accountants and CPAs in divorce cases. Furthermore, the episode addresses crucial tax-related issues, such as filing separate or joint tax returns, amending tax returns when necessary, and handling specific challenges like Covid payments. By staying organized, understanding the financial implications of divorce agreements, and seeking professional help for financial planning and organization, listeners can better prepare themselves for life after divorce and lay the foundation for a successful financial future.
If you are facing divorce and not sure where to turn, contact a Cordell & Cordell divorce attorney.
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