Message Font: Serif | Sans-Serif
No. of Recommendations: 1
She's cantankerous, and a continuance of the marriage is looking unlikely. She recently raided my checking account (she had access for emergencies) to the tune of $20k and she's hidden my laptop. So I'm earning all the money, paying all the bills, and accepting the abuse for now.

Condolences. I've been there (with smaller numbers) and it wasn't fun. I ended up with two tax returns to file during the divorce proceeding. The first one was stressful because I didn't think I could get her signature at a distance of 1200 miles even though she verbally agreed to a joint filing. I ended up filing that one electronically. Fortunately, she didn't back out of her verbal agreement. If I had to make that decision again today, I'd file MFS and pay the extra tax.

The second year was a no-brainer. We lived apart all year, I had custody of our daughter, and I filed HoH. Soon to be ex-wife would have been legally required to file MFS with a zero standard deduction, because I itemized; but filing as single would have raised no flags with the IRS because I filed HoH instead of MFS. I don't know how she actually filed, and that was Not My Problem.

She's going to want something in exchange for her signature, and it's probably not worth it. I'm estimating may $8k extra tax to file separately, but filing joint means she'll probably want the entire $8k in exchange.

Perhaps you can negotiate with her, perhaps you can't. If you can trust her to honor her word, it's worth attempting the negotiation. If you can't trust her to honor her word, the $8K extra tax is just one of many ways a divorce is expensive.

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.