8 Types of Taxable Income That Might Surprise You
There's nothing simple when it comes to tax laws, so it's important to know which sources of income are taxable -- and some may surprise you.
There's nothing simple when it comes to tax laws, so it's important to know which sources of income are taxable -- and some may surprise you.
Divorce is one of the hardest things you may ever go through. But while you're focused on your now-adversarial relationship with your ex, you shouldn't forget to keep an eye on another entity that may be after a larger chunk of your assets thanks to your split: The IRS.
While the pundits debated the vices and virtues of Mitt Romney's and Newt Gingrich's tax returns, the folks at Kiplinger were scouring them for ideas that could help you. Even if you'll never have a Swiss bank account or own complex foreign assets, these dozen moves could help you lower your IRS bill.
"To leave hundreds of millions of dollars vulnerable does not seem like a wise choice," says one matrimonial lawyer. Still, many of the rich and famous keep heading down the aisle without a prenup. It's a choice some eventually live to regret.
Even in a "friendly" divorce, both parties must make sure they're doing everything possible to protect their financial futures. But people in the midst of a divorce often don't know where to start. In this three-part series, we'll take you through the five key steps. Here's Part One.








