A Deemed Disposition (Exit Tax) and Divorce

A deemed disposition is when, for instance, the government reports that you sold property of value when you didn’t actually sell that property yet. Let me put this in context further. Canada has an exit tax. They tax their residents what is known as a capital gains...

IRS issues during a Divorce. What do you do?

Within this article we will discuss what you need to do if: The IRS has notified you of an outstanding tax debt You perceive you should not be personally responsible for the IRS debt and You just started, or are in the middle of, a divorce process There are a series...

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