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Reading Your Spouse’s Tax Returns In An Illinois Divorce

By Russell Knight | October 13, 2021
Tax returns in an Illinois divorce

A divorce is the untangling of two people’s lives, personally and professionally. It is not uncommon for one spouse to hold a monopoly on the parties’ financial information. Tax returns will reveal almost all of a party’s income and assets…

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1031 Exchanges And Divorce In Illinois

By Russell Knight | August 28, 2021
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Capital Gains And Taxes in An Illinois Divorce

When a couple owns real estate together and gets divorced one of three things will happen to that house. One party will keep the real estate and the other party will receive other marital assets have an equivalent value of…

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Innocent Spouse Relief And Illinois Divorce

By Russell Knight | July 11, 2021
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Tax Debt Relief After Divorce

People who cheat on their spouses, betray their spouse’s trust and disregard their spouse’s feelings…usually don’t care much about what they owe the Federal government in taxes. But, most spouses file their taxes jointly and, therefore, both spouses sign the…

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