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Formerly Weber Dobson & Jensen, PC

Getting Divorced

May I deduct the dependency exemption of a child after a divorce?

The custodial parent usually has the right to the deduction. This is decided in the divorce agreement and the non-custodial…read more

Is the cost of a divorce deductible?

No, but some fees for advice regarding income & estate taxes may be deductible. Fees for deciding the alimony amount…read more

What happens to retirement plans or IRAs in a divorce?

These plans are separated as non-taxable if in accordance with the order of the court. However, if the accounts are…read more

What are the tax implications of a divorce?

Once divorced, you’ll file separately. Child support is not taxable, and also not deductible by the payer. Alimony is taxable…read more

After a divorce, what happens to my credit history?

To avoid additional inconvenience in a divorce, keep credit in your own name. Don’t use your spouse’s name (Mrs. John…read more

What can I do when my current or former spouse’s bad credit affects me?

You can separate your credit history from your spouse’s with a bit of work. If you can prove that the…read more

How should credit card accounts be dealt with during a divorce?

Immediately cancel all joint accounts. Creditors can legally pursue both joint owners, regardless of who accumulated the debt. As long…read more

Can you financially prepare for a divorce?

Yes, it is crucial to plan for financial separation if you are considering a divorce. All financial assets and liabilities…read more

Latest News

Oct
29
Holiday Hours
We will be closed November 25th & 26th for the Thanksgiving holiday. We will be closed Friday December 24th for...read more
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Testimonials

“We began using Jay Badgett as our CPA nearly 20 years ago before he was even with Red Tree CPAs……read more
— Sue Studt , Studt Construction
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Contact Information

  • 2222 Broadwater Ave • Billings, MT 59102
  • (406) 656-7359
  • (406) 652-2303
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Latest News

Holiday Hours

We will be closed November 25th & 26th for the Thanksgiving holiday. We will be…read more

Posted on October 29, 2021

Testimonials

“I have been associated with Brad Brown through the previous WD& J for the last 18 years. In that time he has become a valuable and integral part of our…...read more
— Duane Anderson, owner , WMK & Co., Inc.
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