4 responses

  1. Sally Depierro
    March 23, 2017

    If your ex bought you a car in April of 2014 and you didn’t get divorced into early 2016 can he claim that as alimony?

    Reply

    • Ginita Wall, CPA, CFP®
      March 23, 2017

      If you and he had a written agreement that as part of alimony he would buy you a car, and he did so, then that constitutes alimony that is taxable to you and deductible by him. If that isn’t what happened, then it isn’t.

      Reply

  2. Augustina Wingate
    April 1, 2017

    I am in the process of a divorce and what to share with you another option that I learn from my CPA.
    We have no been divorce yet, so as of 2016 when filing taxes this year for the year endin in 2016 my option
    Filing married but separately simple form or itemize. Well guess what? You both have to agree to file the same way. You and you husband have to file the same way meaning if he itemizes you have to itemize. If he files married filing separately using the simply form you have to file the same way.
    I am getting spousal support and working but I don’t have a lot of deductions so of course I have to pay taxes for the spousal support and higher taxes. He on the other hand is still working as a periodontist,has a farm and has many deductions. He said he is itemizing which I knew of course he would
    So I asked my accountant how much more will I have to pay because I have to itemize. He figured out the difference will be around $900. So I negotiated with him to pay the difference. Which he did. But when his attorney found out he wrote my attorney and told her he would claim this amount next year as additional spousal support. I agreed.- Mistake?! But I thought it would be cheaper than having the attorneys fight it out.

    Reply

    • Ginita Wall, CPA, CFP®
      April 2, 2017

      Wow, it is way less costly than having the attorneys duke it out. Good job!!

      Reply

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