Katie Holmes Shows Her Chops$$ In Filling Divorce
Katie Holmes’ split from Tom Cruise may not involve much couch-jumping, but there’s sure to be big money involved. Her prenup reportedly pays $3M for each of the 5-years of marriage. But her take is likely to be far more than $15M. Besides, any time there’s money, there’s taxes, right?
Not necessarily. Done right, a divorce can be surprisingly free of taxes at least on the surface. Yet there are usually tax rules at work that can make an untutored spouse end up paying lots more later.
By filing in New York (where Cruise may try to avoid taxes and residence), Holmes may already have shown her chops. See Katie Holmes May Have SCREWED Tom by Filing in NYC. But a surprising number of tax flubs are committed even by professionals. Very slight differences in mechanics can yield huge tax differences for one or both spouses.
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