Divorce Income Tax Question

by Rodriguez
(Corona, CA)

Divorce Income Tax Question

Divorce Income Tax Question

I'm in the process of getting divorce. My separation date May 13, 2022. But we were living together until august 25, 2022.

I had been the only provider to the family for those months that we were living together.

Can I still be claiming her and our two kids as dependents? What will it happen if somebody else claims them?

Comments for Divorce Income Tax Question

Average Rating starstarstarstarstar

Click here to add your own comments

Jan 20, 2024
Rating
starstarstarstarstar 		Dependents During Divorce
by: BB

n the given situation, claiming dependents can be complex, especially during a divorce. The IRS considers the custodial parent, and if both parents claim the same dependents, it could lead to complications. It's crucial to follow the guidelines and discuss the situation with your divorce attorney or tax professional to ensure accurate and legal handling of dependents.

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Income Tax Questions.

Divorce/ Retirement Plan

I got a divorce this year and had to give my ex-half of my profit sharing (retirement)account. I was told by some people here they wrote of this amount. Just wanted to ask someone who may know. Is this ok to do? If so how or where do you go about this on tax forms?
Thanks

Comments for Divorce/ Retirement Plan

Average Rating starstarstarstarstar

Click here to add your own comments

Jan 20, 2024
Rating
starstarstarstarstar 		Divorce and Retirement Accounts
by: BB

In the given situation, dividing a retirement account during a divorce typically involves a Qualified Domestic Relations Order (QDRO). While the distribution might not incur the usual early withdrawal penalties, it's essential to follow proper procedures. Consult with a tax professional or financial advisor to ensure accurate reporting on your tax forms.

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Income Tax Questions.

What Status After Divorce

My ex husband wants my social security number for 2011 taxes and we were officially divorced in 2011. Can I file single or do I have to file married by separate?

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Income Tax Questions.

Will Divorce Decree Have Precedence

by Kim
(Baldwyn, MS)

In my divorce decree it is stated that I would get to claim my child as dependent on taxes. I moved to a different town last April, and as a result my child spends most of her time now with her dad because she doesnt want to change school systems.

One of the IRS questions on my return asks if dependent spent more than 6 months with me. Does the judges' decision in my divorce decree have precedence, even though my child was not with me more than 6 months?

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Income Tax Questions.


Please subscribe to my monthly newsletter, Bookkeeping Basics E-zine. It tells you every month about the new information that I have added, including some great tips and advice from myself and other Bookkeeping Basics readers.

Enter Your E-mail Address
Enter Your First Name (optional)
Then

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you Bookkeeping Basics E-Zine.

Like Bookkeeping-Basics.net?