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Financial Planning / Tax Strategies


Subject:  Re: Splittling deductions on separate returns Date:  8/27/2011  9:14 AM
Author:  billjam Number:  113874 of 127513

Yes, payments are made from joint account. They share the housing expenses and other routine expenses. She files seperately because she is concerned he may have outside income he isn't reporting. He refuses to disclose a lot of financial documents and she thinks he has other accounts she doesn't know about. He's had problems with IRS the last few years for underpaying estimated tax. He's retired, drawing from 401k, and does some consulting. She has a good job and more than covers her tax liability through payroll withholding. Both I and a CPA told her a couple years ago to stop exposing herself to liability for his problems by filing seperately. The marriage is probably headed for divorce but for now they share a house.
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