Question about filing taxes after divorce

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Subject Author Date Question about filing taxes after divorce The Jew 07-14-2009  Re: Question about filing taxes after divorce Bill 07-15-2009  Re: Question about filing taxes after divorce D. Stussy 07-15-2009  Re: Question about filing taxes after divorce The Jew 07-20-2009  Re: Question about filing taxes after divorce Arthur Kamlet 07-20-2009  Re: Question about filing taxes after divorce Tempuser 07-20-2009  Re: Question about filing taxes after divorce Mark Bole 07-20-2009  Re: Question about filing taxes after divorce Tempuser 07-20-2009  Re: Question about filing taxes after divorce Stuart A. Bronstein 07-21-2009  Re: Question about filing taxes after divorce Wallace 07-20-2009  Re: Question about filing taxes after divorce D. Stussy 07-20-2009  Re: Question about filing taxes after divorce Wallace 07-20-2009
Posted by The Jew on July 14, 2009, 9:17 pm Please log in for more thread options Just a quick question that I cant seem to find the answer to anywhere: Me and my wife are about to file for divorce. When it comes to tax time next year when we report last years tax refund to our income for this year, how is that handled now that we will be filing separately? Do we split in half and each claim half of the income amount of our refund? Should it be based on the percentage if income each of us make like child support is. Or does it not matter who reports what percentage as long as 100% of the refund is claimed between the two ex spouses? I looked all over the internet and the IRS site but couldn't find this particular question addressed. Thanks so much for any help! -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by Bill on July 15, 2009, 9:02 am Please log in for more thread options jesseawilson@cox.net (The Jew) posted: >Just a quick question that I cant seem to find >the answer to anywhere: >Me and my wife are about to file for divorce. >When it comes to tax time next year when we >report last years tax refund to our income for >this year, how is that handled now that we will >be filing separately? Do we split in half and >each claim half of the income amount of our >refund? Should it be based on the percentage >if income each of us make like child support is. >Or does it not matter who reports what >percentage as long as 100% of the refund is >claimed between the two ex spouses? I >looked all over the internet and the IRS site >but couldn't find this particular question >addressed. If you're asking about a refund for overpaid or overwithheld federal taxes, there is no tax consequence for that, since it is not considered to be income, for _federal_ purposes. However, the federal tax refund might come into play as an item on any _state_ income tax return -- and any state tax _refund_ would be an issue on both of your next years' federal returns. As long as the total amount of the refund is accounted for between your two separate returns, there should be no problem. Now that you have identified this as an issue, you could simply add this to your itemized lists of "divorce settlement agreements" -- either to split such items 50/50 or by whatever percentage you agree would be fair. Bill -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by D. Stussy on July 15, 2009, 3:18 pm Please log in for more thread options > Just a quick question that I cant seem to find the answer to anywhere: > > Me and my wife are about to file for divorce. When it comes to tax > time next year when we report last years tax refund to our income for > this year, how is that handled now that we will be filing separately? > Do we split in half and each claim half of the income amount of our > refund? Should it be based on the percentage if income each of us make > like child support is. Or does it not matter who reports what > percentage as long as 100% of the refund is claimed between the two ex > spouses? I looked all over the internet and the IRS site but couldn't > find this particular question addressed. The answer depends on where you live: Community property state: 50% each - by law (unless you also got married in the year the refund is for). Other states: See the other response that has posted before mine. -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by The Jew on July 20, 2009, 5:13 pm Please log in for more thread options I am in Arizona which I believe is a community property state. So is it the law that it be split 50/50? Thanks in advance! -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by Arthur Kamlet on July 20, 2009, 5:24 pm Please log in for more thread options >I am in Arizona which I believe is a community property state. So is >it the law that it be split 50/50? Until it stops being community property, which I understand occurs when the couple splits, even in not yet divorced. -- ArtKamlet at a o l dot c o m Columbus OH K2PZH -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Similar Threads Posted Filing taxes first time. One deduction question. 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