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Basics of the Farm Divorce

One of the most complex and challenging types of divorces from a financial perspective is a divorce involving a farm. There are three financial categories of farms: (1) the productive farm; (2) the marginal farm; and (3) the hobby farm. The productive farm generates...

Which Parent Can Claim a Child On Their Tax Returns?

When parents are not married (after a divorce or when they have a child outside of marriage), the question arises every year before April 15th – Which parent is able to claim the joint child as a dependency exemption for income tax purposes? Gloria E. Bogen has been...