Finalizing a divorce in the middle of a tax year can lead to some questions that will need answers during tax season. There are several issues to think about that may arise.
Modifying a child support order when circumstances change
Child support orders are based partly on the child's needs and partly on the paying parent's income. When the paying parent's income drops, due to job loss or other financial pressures, it can become impossible to live up to an old child support order. Falling behind in child support payments can cause terrible financial problems.