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Financial Planning / Tax Strategies


Subject:  Re: Uncooperative, Signature Date:  4/14/2013  9:15 AM
Author:  TMFPMarti Number:  118418 of 127513

The cynic in me wonders if this is a move to put OP on record concerning what he says is the marriage's and his property and income preparatory to a divorce proceeding.

The practical person in me says that if one is contemplating divorce, file separately even if it winds up creating a higher liability for that year. File a joint return and you're potentially tied to the spouse financially for 13 years (3 years for an audit and 10 years to collect). You can put anything you like in a divorce decree about who's responsible for taxes, but the IRS isn't bound by it.

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