JustAnswer > Tax
Ask A Question|Register|Login|Help
JustAnswer

Tax

Ask a Tax Question, Get an Answer ASAP!

Have your own Tax question?

2 Tax Professionals are Online Now
characters left:
Not a Tax Question?

Related Tax Topics:

  • Cpa
  • ,
  • Gov
  • ,
  • Irs
  • ,
  • Law
  • ,
  • Tax
  • ,
  • Cash
  • ,
  • Copy
  • ,
  • File
  • ,
  • Long
  • ,
  • Mail
Bookmark and Share

Question

Family law tax question...My divorce will be final in December so my wife and I will be filing separate returns for the 2009 tax year. It's a relatively friendly divorce - we used a mediator - and we are both assuming we can split our various deductions (i.e., mortgage interest, charitable contributions) 50/50 when we file our separate returns next year. I'll receive all the documents in the mail, such as 1099's, and I'll copy them to her. Then we will each use 50% of what is on the documents. We'll do the same thing with our interest, dividends, capital gains, etc., on cash and securities that were held in both of our names. But, we'll be each using our own earned income (W-2) separately. Will this be a problem with the IRS? Do we need something in writing to make this legal? Anything I should be concerned about or need to know? The mediator referred me to my CPA and my CPA said to consult a tax atty (I dont have one). Help?

Submitted: 18 days and 4 hours ago.
Category: Tax
Value: $30
Status: CLOSED
+
Read More

Optional Information

State/Country relating to Question: California

Already Tried:
BTW....our children are grown so there are no dependents.

Posted by lwpat 18 days and 3 hours ago.

Answer

Here the easiest thing to do is to still file a joint return for 2009 and split any refund or amount owed based on the amount of each parties income or either the amount already contributed toward taxes through withholding or estimated payments. That way you can still take advantage of filing jointly. Otherwise you are going to have difficulty trying to even it all out. That's why your CPA bailed on you. Thanks for using just answer.

18 days and 3 hours ago.

Reply

Thank you for your response. I understand that's the "easiest" thing to do but it is not what we want to do. That's why I phrased the question the way I did. As I said, we just want to split all deductions 50/50... not "even it all out". I'm still looking for an answer to the question as I asked it. Maybe there's a tax attorney on this system who can tell me what I'm looking for??

Posted by lwpat 18 days and 3 hours ago.

Answer

I will forward your question to the tax forum

18 days and 2 hours ago.

Reply

Thank you.

Posted by John Gordos EA 17 days and 19 hours ago.

Answer

Greetings,

 

In California if you file married filing a separate return, you must follow community

property rules for the division of income and deductions.You and your spouse must each report half of the community income, plus your separate income on your separate returns.

 

Community income includes compensation for services (such as wages) if the spouse earning the compensation is domiciled in the community property state.

 

So, you will report one half of each other's wages as well as one half of the other income and deductions if you both lived in California.

 

See http://www.ftb.ca.gov/forms/04_forms/04_1051A.pdf and http://www.irs.gov/publications/p555/index.html for more detailed information.

 

There is nothing other than the separate returns that needs to be filed. Your choice of filing is not uncommon and is acceptable so long as you follow the community property rules cited above.

 

Best regards.

 

 

17 days and 16 hours ago.

Reply

Thank you John. Our divorce will be final in December of 2009. I thought that if we finalize the divorce in 2009 then our status for the entire year 2009 for tax purposes is single and we can file separate returns as if we weren't married. Is that not the case? That is the point that makes all the difference. We want to each report our own W2 income and split all our deductions (which we paid with joint funds) 50/50. It sounds like you're saying you don't think we can do that....is that right?

Accepted Answer

Hello again,

 

Sorry I overlooked that your divorce wil be final during 2009; so indeed you will use single filing status and not married filing separately.

 

Nonetheless, the rules for the portion of the year that you were married and when each of your earnings were part of the community property must still be followed. That is, you each report half of the total of both earnings while you were married.

 

So, you can report only your own W-2 earnings for the period you were not married; but have to report one half of the community income during the period you were married.

 

Indeed you may not each only claim your earnings for the entire year (even though your divorce was final before the end of the year) as that is not your share of the community income for the year.

 

I hope this helps to clarify for you.

 

 

 

Picture
Expert: John Gordos EA
Pos. Feedback: 99.8 %
Accepts: 
Answered: 11/5/2009

Enrolled Agent

I have prepared individual, trust, partnership, and corporate taxes since 1987.

16 days and 17 hours ago.

Reply

Thank you. BTW....I have also learned that for whatever period of the year we were not living together we could claim our W2 income separately.

+
Read More

Related Tax Questions

  • I just moved into a new apartment. Seeing that the ...
  • My wife and I are going through a divorce and as part of ...
  • How can knowing the cost per output and cost per outcome ...
  • If I expect to owe no taxes, and check the box (on my ...
  • A non-profit has furnished the IRS on its 990, inflated
  • I am a 70 year disable senior, my daughter Felecia Walker .....
  • CAN I order a copy of my PAST K1 FROM THE IRS?? the ...
  • In what instances will I be able to deduct my grad school .....



Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.
Question List | Become an Expert | Terms of Service | Security & Privacy | About Us
© 2003-2009 JustAnswer Corp.