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Author Topic: Interacting with Your MLCer If separated, what is the best way to file taxes??

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Interacting with Your MLCer Re: If separated, what is the best way to file taxes??
#10: January 16, 2012, 10:10:23 AM
Just talked to an account friend about this on Saturday. 
Federally, Married filing jointly will give you the most benefit financially, but   
in my state, we are a community property state.  So, if you file and he files, as married filing separate, later if anything is wrong with his return you are not protected and may have to pay his unreported tax burden.  Basically, it is bad both ways for you in a community property state.

HTH,
For_me
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Re: If separated, what is the best way to file taxes??
#11: January 16, 2012, 11:32:00 AM
Married filing jointly will offer the lowest federal tax burden.

It would be advantageous to employ a professional to do preparation. Base % of refund to equal % of withholding.

Get agreement in writing. IRS will split refunds to separate accounts.

This specific issue was huge area of contention for 2010 taxes prior to divorce.

Mac
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