Thanks again for the help. I have already filled out the survey.
This is a little tricky so I want to clear it up if I can.
When I mentioned the $1000 per month that was in the initial offer from my EXs attorney none of that paperwork exists now.
This was mediation so all of the 5 hours of back-and-forth negotiations ended with a lump sum payment. I thought it was simply an asset payment. I am surprised that my EXs attorney allowed the alimony statement to be put in the final draft because the asset payment would not be taxable---an advantage to his client.
My Ex accepted a lump sum payment from me as a settlement and along the way nothing was ever mentioned about alimony until I read the final draft.
Note: I never talked to my wife about any of this she wasn't even it town but on SKYPE in another room with her attorney.
As I read it the lump sum payment is a combination of assets and alimony. With no background info I don't know how the IRS would look at it.
It would be best for the IRS if I claimed everything as alimony because I would lose money on the excess but they would tax my Ex on all of it.
It seems to me it would be easiest , because nothing else exists, to simply divide it in half and claim $38,750[1/2 of $77,500] as alimony and the same amount as assets.
With my $50-$60,000 income how much do you think I would I have to claim as alimony to cancel ALL my taxes for 2013?
nothing is ever easy! I use turbo tax and at the end of my return it rates my possibility of being audited and mainly because I use the standard deduction, I think, it always says my chances are very low--I've never been audited.
What I don't want to do is put something in my return that would red flag it. Maybe simply getting divorced in 2013 would be enough to flag it but I want to do what I can to see that doesn't happen.
Bottom line I need to come up with some sort of justification for the IRS, [ if audited ] for the amount of alimony I am going to claim.
I voted for Obama but maybe I'll list myself as a Teaparty member and be audited for sure!!