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I make twice what she does, but have no deductions?
I had to keep paying the house loan payments let alone keep my attorneyup (37500). My base salary is wantshouse 56k.hers is 26k.she, my truck, equity, boat, motorcycle, insurance coverage, including co-payments, I continue to pay the house, truck and boat, all attorney fees, and 1500. by maintaining a month for life.Now What do you think? My 6th court date is 12/20/07
Well, bad lawyer jokes aside … First, even in a community property state like California, all you own before marriage is still yours. His articles aquiered while married only when a spouse is entitled to any possible claim to it. If you owned your truck, boat, motorcycle, etc. before married and are on their behalf, are yours, you can not take. Technically, the same goes for the house if it was yours even before I knew, if you bought the house for you and / or a previous partner, she has no valid claim to it (unless you changed the original documentation to include your name after marriage). Medical / Health Insurance – You may be legally required to ensure their children after divorce, but once the divorce is final they are no longer responsible for it since that is no longer your spouse. Seriously doubt you will pay your maedical / health insurance. (See below for payment of Medicine / Heath co-payments and invoices) Regardless if available from a given piece of property (house, cars, etc.) if you have to pay for everything, then no rational tax can benefit. Once the divorce is final, any payments you make only have your tax return, not hers. Thurough sure to keep records of all payments, so you can prove you did these payments and did not. Paid directly to the mortgage company or institution, DO NOT SEND YOUR MONEY, otherwise you will not have any evidence that you were the one that really made the payments. ** You might not have the house, but since they are paying all mortgages and property taxes where YOU are the only one who can put on a schedule-A and use them as part of you itemized deductions. SHE CAN NOT PAY YOUR CLAIM to the mortgage company for the house. ** You might not have the car, boat, truck or motorcycle, but since they are paying the personal property tax to register with the city that is the only one who can make these payments on a schedule-A for your itemized deductions. SHE CAN NOT CLAIM YOUR PAYMENT OF PERSONAL PROPERTY TAXES PAID TO THE CITY. ** Medical / Dental co-payments – Once again, you may be legally responsible for paying some of their medical expenses of children, but they are responsible for cooperating HER-payments and medical expenses. At best, you need only pay 50% of medical expenses of their children, she must pay the other 50% because this is also their responsibility. All payments made for you and your children count as medical expenses on your schedule-A for deductions detailed, SHE CAN NOT CLAIM YOUR PART payments only yours. Child Support – If the divorce decree requires you to pay "child support" … Sorry, but no deductions or special tax considerations. DO NOT PAY babysitter or daycare for their children unless the divorce decree allows you to claim as a dependent of a qualified special tax for that year. If you need a babysitter to go to work can pay for itself, which is part of what the support is for children. Food! if some or all of 1500 for the mouth that is demanding is defined as maintenance for the divorce can crack deduce that in his statement [Form 1040, line 31a, "alimony paid"], and she must report as income [Form 1040, line 11 "Alimony received"] therefore pay less tax, it will pay more if it comes to maintenance. If it comes to food, then this is a story that can prevent you have to pay your attorney fees for the divorce … His legal fees for divorce if alimony is involved can be deducted on schedule A, line 23, in "other expenses". Normally, personal legal fees can not be deducted unless they were to acquire passive income. Receipt of alimony considered taxable income, so their legal fees for divorce can be derived … their legal fees for divorce (or hers if they pay) can not be deduced because not receiving alimony. Therefore, the trick is to point out one thing in this reality, she can deduct (all legal costs involved that got her pension food) in this way the greedy! b tch pay its own legal fees. Want to know the good part? Probably will not do any good … Mwahahahhahha! = P First, only part of his legal fees over $ 520 (ie 2% of 26k) really are deductible in Annex-A, because of the threshold limit. Second Instead, specify the deductions (ie, using a Shedule-A) only helps if the total amount (of medical expenses, mortgage, property taxes, contributions charities, etc.) is greater than your standard deduction (ie $ 5350 or $ 7850 for a head of household) if not doen't help. Given that did not pay much for any of the things listed in Annex-A (other than their legal fees) that are unlikely to have enough. Thus, in this case, even can get any tax benefit form it. = P do not get your hopes though … the others are right, get a good lawyer, because if not solved properly and actually sign on things that should not be, you will not be able to do any of these things. Do your homework and research some more things with your lawyer before finalizing anything. A last note … Be sure to change beneficiaries on all insurance policies, 401k, and the will and take his ex-wife in front of them and put their children or other family instead. that way if anything happens to you nothing is going to her. Look in the settings of your will so that nothing is going to their children placed in trust and administered by a neutral party that way your ex-Can'T rip off their children their inheritance. FORM 1040-A Schedule http://www.irs.gov/pub/irs-pdf/f1040.pdf form http://www.irs.gov/pub/irs-pdf/f1040sab.pdf Schedule form – a Http: / / www.irs.gov/pub/irs-pdf/i1040sa.pdf Instructions
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