Today’s Tax Propaganda: Divorce and Taxes and YOU!
Did you know that the MOST important document in your divorce is the “The Financial Statement?”
If you own your own business or own investment real estate,“The Financial Statement” is more complicated than it looks!
1. Info from Schedule C and Schedule E on your Tax Return AND
2. Cash flow – income and expenses.
It values your business, your real estate and your other assets.
The bottom line on “The Financial Statement” is used DIRECTLY to calculate the: