Money Talks: March 4, 2012

This week on “Money Talks” the hosts answer listeners’ stock questions and discuss commonly overlooked tax deductions. Divorce attorneys Damon Bivek and Melanie Prescott from the law firm of Bivek Brubaker & Prescott LLC to discuss how financial decisions during a divorce affect your tax liability.

Filing Status Considerations: Divorce

Your selection of a filing status for a given year will depend on your marital status as of the last day of your tax year (usually December 31). Depending on your situation, you may or may not have a choice regarding your filing status.