Tag Archives: Divorce

Divorce Settlement

Today TaxMama hears from Misty in Missouri who wants validation. “I received a settlement in my divorce for half the equity in our home. It was $15,000. I think in reading this is not going to be taxable. Is that correct? I’m keeping my fingers crossed that it isn’t!”

Divorce and Residence

Today TaxMama hears from Joan in California, with this issue. “I owned a house with my ex. We bought it together in 1985; but I left and he stayed. Through a lengthy lawsuit costing me $25,000 the house was sold and I received $40,000. Once I left I never paid mortgage or upkeep. What is […]

Amending to Separate Returns

Today TaxMama hears from Dana in Florida with this question. “I am in a very nasty divorce. We were separated for the past 7 years and for 4 of those years I agreed to file as married filing joint. Can I now go back and re-file as married filing separate? It will not hurt me […]

Divorce Status

Today TaxMama hears from Mike in Texas who wants to know. “If I were to file for a divorce on Oct 1, 2008, what will be my tax status on Jan 1, 2009?” Dear Mike, Does your wife know about your plans? Ah well, all good things must end someday. Actually, we don’t care what […]

Violating Divorce Decree

Today TaxMama hears from a divorcee who is concerned. She says “I got divorced in 2001. The decree stated that we would each claim one child as a dependent. When I moved to another state in 2006 my taxes were done by H&R Block. I didn’t realize they had claimed both children in my tax […]

Relationship Doubts

Today TaxMama hears from Kevin in California who asks. “I know California isn’t a common-law state. But are there any other tax issues that I need to be aware of if I decide not to get married to my long-term girlfriend? With such high divorce rates, I’m beginning to think that remaining committed partners is […]

IRS Collects Child Support

Today TaxMama hears from Tina in Washington State, who has a problem. “Does the IRS track past due child support? Will IRS route the non-custodial parents arrearages to the custodial parent from tax returns and/or the economic stimulus check?”

Ex-Husband Social Security

Today TaxMama hears from Ann in Texas who wants to know, “I have heard that I can receive my ex-husband’s Social Security when I reach retirement age. Is this so? What are the requirements for doing so?”

Divorce Asset Split

Today TaxMama hears from Matthew in California who tells us. “My dad is going through a divorce. They have finally reached an agreement on what her half of the house, stocks, retirement, etc. is worth. He is paying her $xxx,xxx.00 and he is re-financing the house to do it. Who has to pay income taxes […]

Military COBRA

Today we hear from Liz in Georgia who asks, “Is it true that the U.S. Military does not have to follow the 36 month COBRA rules in a divorce? My brother in law tells me that when his divorce is final, his wife will not get COBRA for 36 months – that her benefits will […]