Using Family Law Software, you can quickly determine whether the tax consequences are better if they complete the divorce in the current year, versus being married at the end of the year, and by how much.
A bit of background: The Filing Status determination depends on the parties’ official marital status on December 31. So whether the parties complete their divorce by December 31 determines the filing statuses they may potentially claim.
Click Analysis > More > Best Filing Status.
Also, look at the magnitude of the difference. If it is small, then other factors should perhaps determine what the parties do. But if it is significant, then this analysis can be a determining factor in what the parties do — and an important value you bring to the process by figuring this out for them.
