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There are a number of tax issues that could arise when going through divorce proceedings and most of these issues are related to property. During the divorce process, assets as well as owned by a couple will have to be divided between the two individuals. This may readjust taxable income come tax time. More specifically, owning a home could be another difficult issue to address not only for who will maintain home ownership, but who will be responsible for the property tax when the filing period comes around. There are many tax issues that arise when going through a divorce and this is why it is important to consult with an experienced divorce attorney and accountant when going through a divorce.

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Q: What possible tax issues may arise when going through divorce proceedings?
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