Resolving Divorce Issues

by Crouch, Holmes F.

• ISBN13: 9780944817629
• ISBN10: 0944817629
• Edition: 2nd
• Format: Paperback
• Copyright: 2001-07-01
• Publisher: Allyear Tax Guides

Table of Contents

Warning Signals	1	(1)
Examine Your Latest 1040	2	(1)
Joint 1040 Means Co-Liability	3	(1)
Now, Your ``First Signal''	4	(2)
Emergence of Cunning Spouse	6	(1)
International Underwithholdings	7	(1)
How to Find Out	8	(1)
Skipping Estimated Prepayments	9	(2)
Omitting Substantial Income	11	(2)
Exaggeration of Deductions	13	(2)
Intercepting Tax Refunds	15	(1)
Destroying Tax Notices	15
Preparatory Matters	1	(1)
Tax Equality of Spouses	2	(1)
Never Inform on Spouse	3	(1)
Gather Prior Tax Returns	4	(3)
Gather Tax Notices & Records	7	(1)
``What Can Happen'' Example	7	(2)
Protest When Right	9	(1)
Deeds & Escrow Papers	10	(2)
Sequester ``Your Share'' Only	12	(3)
Necessary Legal Proceedings	15	(1)
Precautions with Attorneys	16	(3)
Separation of Tax Issues	19
Marital Status	1	(1)
Tax Code Section 7703	2	(1)
Four Possible Tax Filings	3	(2)
When Filing Required	5	(2)
Married Filing Separately	7	(1)
Married Living Apart	8	(2)
When ``Deemed Unmarried''	10	(2)
IRS's ``Forcing'' Stance	12	(2)
Filing as Single Persons	14	(1)
Head of Household Status	15	(1)
Changing Filing Status	16
Separate Returns	1	(1)
A ``Don't Do Joint'' Example	2	(1)
Simplest Option: Married Separate	3	(1)
``Living Apart'' Tax Problems	4	(1)
A ``Do-It-Yourself'' Option	5	(3)
Your Best Option: SMO	8	(1)
Tax Contents of SMO	9	(2)
Making Proper Allocations	11	(3)
Allocation Example 1	14	(1)
Allocation Example 2	15	(1)
Allocation Example 3	16	(1)
Treatment of Spousal Support	17
Innocent Spouse Relief	1	(1)
Overview of Section 6015	2	(2)
Is There: Understatement of Tax?	4	(1)
How ``Innocence'' Determined	5	(1)
A Convincing Example	6	(3)
Now, to Form 8857	9	(1)
What the Instructions Say	10	(2)
What is ``Equitable Relief''?	12	(1)
Separate Liability Election	13	(1)
Recap of Options	14
Child Dependency	1	(1)
The Dependency Exemption	2	(1)
Dependent Child Defined	3	(1)
If Over Age 19	4	(1)
``Total Support'' Defined	5	(2)
Illustrative Example	7	(2)
Maintaining a Household	9	(3)
Custodial Parent Presumption	12	(1)
Release of Claim to Exemption	13	(2)
Difficulties with Form 8332	15	(1)
Form 2038 Questionnaire	16	(1)
Separate Child Support Order	17
Alimony Payments	1	(1)
Only Cash Payments Count	2	(2)
How Deducted/Included	4	(1)
What Qualifies as ``Alimony''	5	(1)
Time Duration of Payments	6	(2)
Must Exclude Child Support	8	(1)
``When in Doubt'' Examples	9	(2)
Must Exclude Property Settlement	11	(1)
Lump-Sum Settlements	12	(2)
A Brazen Example	14
Property Disclosure	1	(1)
Key Reference Dates	2	(1)
Separate Property Interests	3	(1)
Tracing Separate Property	4	(2)
Agreement on Separate Property	6	(1)
Overview of Marital Property Items	7	(2)
How Value Ascertained	9	(3)
Consolidation Procedures	12	(1)
Importance of ``Cash Pool''	13
Property Settlement	1	(1)
The Ideal Exemplified	2	(3)
Seldom Pure: Mostly Impure	5	(4)
Section 1041 Overview	9	(2)
Treatment as Gift(s)	11	(1)
Meaning of ``Incident to Divorce''	12	(1)
Transfers ``For Benefit of'' Spouse	13	(3)
How One Court Ruled	16	(3)
Settlements Preceding Divorce	19
Transferee Burdens	1	(1)
Text of Section 1041(b)	2	(1)
The Mandate: Basis Carryover	3	(2)
Transferor's ``Basis'' Explained	5	(2)
Transferor's Obligation (Supposedly)	7	(2)
Example: No Basis Records	9	(2)
No Basis; No Section 1041	11	(1)
Critique of ``Susan'' Case	12	(1)
Vigilance by Transferee	13	(2)
Demand Gift Tax Return	15	(2)
The Marital Residence	17
Followup Matters	1	(1)
Immediate Post- Divorce Review	2	(1)
Likelihood of IRS Audit	3	(2)
Head of Household Status	5	(2)
Claiming Dependency Exemptions	7	(1)
Evidence of Alimony Paid	8	(1)
Evidence of Alimony Received	9	(2)
``Split Sale'' of Residence	11	(3)
Reporting on Schedule D (1040)	14	(1)
Treatment of Rental Property	15	(3)
Notify Banks, Brokers, Payers, Etc	18	(1)
Trusts, Partnerships, & S Corporations	19
Remarital Aspects	1	(1)
The Prelude: Singles Together	2	(2)
Joint Returns Spell Trouble	4	(1)
Filing Status Options	5	(1)
Importance of Prenuptial Agreement	6	(2)
Sample Prenuptial Wording	8	(2)
Case of Imprudent Commingling	10	(2)
``Theft'' of Premarital Residences	12	(2)
Deferred Commingling Plan	14