OT -- Alimony
#21
Sun, sand and sea!
Gold Member
Join Date: Nov 2003
Location: Deale, MD
Posts: 6,074
Likes: 0
Received 0 Likes
on
0 Posts
I have an answer but you don't want to know it. She has to claim it as part of her income for you to claim it as a deductible. If she files the alimony as income you can claim that, but if she doesn't you are stuck. Just because you pay the third party for her, it doesn't count. I know that isn't the answer you wanted and I don't agree with it, but there it is. Sorry!
#22
Charter Member #71
Charter Member
If she doesn't claim it as income, turn her into the IRS, then she'll get audited and you'll be able to claim it.
Been there...done that
Alimony= The Fu--in you get for the fu--in you got
Been there...done that
Alimony= The Fu--in you get for the fu--in you got
#23
Sun, sand and sea!
Gold Member
Join Date: Nov 2003
Location: Deale, MD
Posts: 6,074
Likes: 0
Received 0 Likes
on
0 Posts
Now there is that. It could hold up any sort of refund you might get but then she would know to claim it next go 'round. Personally, I think it's crap that you have to pay it, and then not be able to claim it unless she does.
#26
Registered
Thread Starter
Join Date: Nov 2002
Location: Huntersville, NC
Posts: 641
Likes: 0
Received 0 Likes
on
0 Posts
hey -- how am i supposed to control how she files her taxes and what she reports as income???
doesn't sound like anything i could be held accountable for?
doesn't sound like anything i could be held accountable for?
#27
Originally posted by CHAOS REIGNS
its a long story -- and i'm not even THAT bitter about it
its a long story -- and i'm not even THAT bitter about it
#28
Registered
Join Date: Dec 2000
Location: Bell Canyon, CA
Posts: 12,754
Likes: 0
Received 0 Likes
on
0 Posts
Originally posted by CHAOS REIGNS
hey -- how am i supposed to control how she files her taxes and what she reports as income???
doesn't sound like anything i could be held accountable for?
hey -- how am i supposed to control how she files her taxes and what she reports as income???
doesn't sound like anything i could be held accountable for?
Have you contacted a tax person yet? You only have 26 more hours to file!!! If she receives alimony and does not report it, that is her problem and not yours. You can not control how or what she files.
#29
Platinum Member
Platinum Member
File an extension. Just make sure you send in enough money right now to cover your "best guess" on what you owe.
I've written off bad debts before (and this past year as well). To do that you are supposed to make sure the other party claims it as income. I'm pretty sure the guys that have bailed on debts to me haven't ever claimed that as income, but that isn't my fault. Not something I can make them do. I report every penny of my income, cash, barter, etc. Not worth the hassle later if you don't. I also take all the deductions and write offs I am entitled to and try to make sure I have adequate supporting documentation to do so.
But the bottom line is that my tax guy says i can only make sure I do my taxes properly and that it isn't my duty to make sure the other guys are doing the same.
I've written off bad debts before (and this past year as well). To do that you are supposed to make sure the other party claims it as income. I'm pretty sure the guys that have bailed on debts to me haven't ever claimed that as income, but that isn't my fault. Not something I can make them do. I report every penny of my income, cash, barter, etc. Not worth the hassle later if you don't. I also take all the deductions and write offs I am entitled to and try to make sure I have adequate supporting documentation to do so.
But the bottom line is that my tax guy says i can only make sure I do my taxes properly and that it isn't my duty to make sure the other guys are doing the same.
#30
Sun, sand and sea!
Gold Member
Join Date: Nov 2003
Location: Deale, MD
Posts: 6,074
Likes: 0
Received 0 Likes
on
0 Posts
So let me guess Mark, you have waited until the last minute to file? lol You can't be held accountable for making sure she files properly. I just meant be prepared in case an audit of her filing holds up anything on your end. But since you are working to pay THE MAN, that won't be an issue. Like MCollins said, if you file the extension, go ahead and send what you estimate you owe and work it out in the extension. Good luck!