The IRS has released proposed regulations that would, among other things, extend the deadline for equitable relief for innocent spouses. The deadline was informally extended by Notice 2011-70; the proposed regulations would make that deadline permanent.
Source: IRS Proposes To Permanently Ease Restrictions For Innocent Spouse Relief – Forbes
More reason to say bye to that dye!
It’s always so frustrating when you realize that now that you’ve gone through a Divorce (or even after death of your spouse), things change drastically with regards to your upcoming Retirement. When you are going through your divorce some of the things you need to consider are:
- Women Have Less Income to Save
- Loss of the Home
- No More Shared Costs
- Women Need to Be Financially Smart After a Divorce
In 2013, the National Center for Family and Marriage Released a surprising study that showed divorce rates between adults 50 and older have doubled between 1990 and 2010. Now, 1 in 4 divorces in the United States are between couples over 50. On some level, this is good news. It means that the lower stigma …
Source: What Divorce After 50 Means For Your Retirement – WIFE.org