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How Mediation Can Help You Negotiate Tax Season When You’re Divorcing

Tax season, everyone’s favorite time of year, is almost here. Doing taxes can lead to a personal reckoning for many people. It can mean coming to terms with the bottom line: What do I have? What have I spent? How much have I earned? For most people, dealing with finances involves some level of personal guilt. Money is tied to self-worth, and in our economic system, your sense of yourself in society is tied to how much you earn. A stay-at-home mom or dad may understand his or her financial worth very differently than the COO of a company might. In fact, that mom or dad may actually have a more evolved concept of his or her personal value. On the other hand, he or she may fall prey to doubts about his or her self-worth.

When tax season intersects with divorce, these questions often become more painful and entangled. Tax season makes certain financial realities very visible: Are you filing separately or together? What exemptions can you claim? 

Fortunately, when you sit down to mediate your divorce during tax season, you realize you have a choice. Filing your taxes is actually a tool you can use to collaborate on your shared assets and actually help you determine your values. The mediators at Divorce Options San Diego can analyze your finances as well as your personal values to come to a fair reckoning of your separate and mutual interests and your true values. 

When you’re divorcing, dealing with finances is more than just a calculation. When assets are used to fund your separate lives as well as the lives of your children in the future, they need to be tied to a determination of values. For example, which assets do you want to hold on to (e.g., the house), and which need to be liquidated? There may be a lot of emotions tied to these things. In mediation, you can tackle questions such as:

  • How to file 
  • How to distribute a tax refund
  • How to claim dependents
  • How much alimony you’re paying
  • How to determine responsibility for taxes on stock options, gifts, and inheritances

Many of these decisions will be dependent on other factors, such as the ages of your children and whether they’re going to college, how much both partners earn, who has custody of the children (when claiming dependents), and more. Fortunately, mediation helps you take the confusion and terror out of tax season and turn it into a positive plan for the future. 

Our Services & How We Can Help

At Divorce Options San Diego, we are highly qualified professional San Diego divorce mediators and certified financial planners with psychoanalytical expertise. We are caring, educated professionals who build divorce around conflict resolution, closure, and practical solutions for your future life. At Divorce Options San Diego we reframe divorce as an opportunity to generate creative, optimized solutions for your future and your kids’ future.

We never litigate. We do not do adversarial work, and we never represent one spouse against another. We empower divorcing spouses to own their divorce and craft sustainable, effective mutual agreements that will last long after the divorce is finalized. We are a one-stop shop providing a bundle of essential divorce services, including paperwork, court documents, and financial analysis. We can help you complete your divorce from beginning to end. If you require help with your divorce transition, we offer divorce transition coaching, divorce coaching, life coaching, business coaching, and even interior design for your new home.

The mediators at Divorce Options San Diego are all certified financial planners who apply thorough financial analysis to your divorce to achieve an optimized result that will cover all aspects of your financial situation, including investments, property, and all other assets and debts. We provide a sophisticated review of your community property, separate property, potential community property, allocations and divisions, cash flow, transitional processes, and sustainable financial planning for your divorce process. When married partners are also business partners, a divorce/business mediation approach can explore solutions such as splitting the business, co-owning it, or whatever option is most suitable for your financial and emotional needs. To assist with this, we can do a full business appraisal and analysis.

All our mediations start with thorough background research and information gathering, which flows through the mediation whenever necessary. As a full-service San Diego divorce mediation firm, we help you navigate the form-driven California divorce process. We secure the process so that even if a change is made, the court will be informed in the correct manner. We help you draft settlement agreements that are fully legally compliant and take into account the needs of the whole family. 

At Divorce Options San Diego, we emphasize an efficient, caring process that leaves out no detail relevant to your emotional, financial, and legal situations leaving you free to get on with your life and care for your kids and yourself, both during and after your divorce. We have offices in Solana Beach, CA, but we can work with you remotely at your convenience via telephone, video-conferencing apps, and other forms of electronic communication. Please contact us at 858-281-2628 for a discreet and confidential consultation to see how we can help.