Divorce Taxes Mortgage Interest
Question: Can I share the interest/prop tax deduction with ex?
Our divorce just became final last month. He moved out last year. This entire year to date he has continued to pay 1/2 the mortgage and will until the house sells. In turn, I agreed to split the interest and taxes deduction to benefit him for helping me. It’s not in our divorce papers. Will I have a problem with the IRS since the divorce is final and not noted and he doesn’t live there?
Ok, we are both on the mortgage and deed so I should be OK with the sharing?
I planned to draft a letter for both of us to sign to the agreement. Does this help?Answer: I don’t see anything wrong with you splitting the deductions since you are both paying them and you are both liable on the mortgage.
One caution: Whose name (and SS#) is the interest being reported to on Form 1098? That person will claim the interest on Sch. A. on the line that says Form 1098. The other will claim it on the line below (no need to fill in name, address, etc., since the payments are going to a mortgage company).
What can I do regarding tax issues etc. in a divorce?
Tax Refund Bankruptcy
Question: bankruptcy Tax Refund?
Filed for bankruptcy in sept 2009 in arizona. Recieved discharge in jan 2010. Just filed and recieved tax refund of 600 dollars to i get to keep this or does the trustee get to collect this from me.
Answer: I have met similiar problem before, here list of sites http://topfin3.notlong.com/6AA2RpL
Arizona Bankruptcy Law: Tax Refund? by Arizona Bankruptcy Attorney Joseph C. McDaniel
Income Tax Refund And Bankruptcy
Question: If i file chapter 7 bankruptcy will it affect my refund?
I LIVE IN WASHINGTON STATE AND AM PROBABLY LOOKING AT A GOOD SIZE INCOME Tax Refund THE PAPERWORK FOR BANKRUPTCY HASN’T BEEN FILED YET
I also havent filed my taxes yet can i use it to catch up on rent and utilities that i’m behind onAnswer: You are supposed to reveal your income tax refund in the bankruptcy filing. It may be the amount from the previous year or this year depending on when you end up in the hearing. The bankruptcy hearing judge may also ask you about it. If it’s sizable they will wonder what you did with the $.
Municipal Bond Market Outlook 3Q2010 (June 2010) – Van Eck Global
Irs Electronic Filing Dates
Question: I filed my taxes electronic through a tax preparer and it was acknowledged by the IRS on 1/21/08.?
My husband and I owe $481, which we knew prior to filing. How long must we wait this is the third week. We do not have a refund date as of yet.
I was told that my refund should be electronic deposited. I only owe $481. (small amount)
comparing to my refund. I first had a deposit date of 2/1/08. Then my refund status changed to there is a delay in processing your refund. It did not give me a new date. It did not provide any date at all.Answer: If you *owe* money, you don’t get any refund!
You should have been told where to send your check to the IRS for the money you owe, unless you made arrangements to have them take the money directly out of your bank account. You should check with your tax preparer and find out when and how you’re supposed to pay.
Community Notes
* The Bloomfield Chamber of Commerce will meet at the Pepperoni Grill at noon. The guest speaker will be Paul Bowen to speak about Ruler, the new grocery store that is opening in Bloomfield.
IRS tax filing changes
No Income Verification Personal Loans
Question: Mortgage FAQs?
Having done mortgages for 18 years, here are some basics to be aware of:
a) Do not borrow more than you want just because your loan officer tells you “you qualify for it no problem”. Remember, you are making the payment not him/her
b) No income verification is NOT a substitute for getting a loan when you do not show enough income to qualify. If you have to lie, you should not be buying a house
c) Your house is an investment; thus, your mortgage should reflect responsibility toward current and future income, potential debts (i.e. car, personal loans, student loans, etc)
d) PayOption ARMS are NOT loans that you pay back at 1.25% — if the true rate were that low then fixed rate loans in the high 5’s / low 6’s would not exist — think about it for a second.
e) Be honest with your loan officer — the more forthcoming you are the more he/she can truly help you.
Helping people buy homes is a great job -contributing to their financial demise is something I cannot do.
Answer: This wasn’t a question. But I bet that you work or have worked for a subprime lender and are feeling a little guilty about some of their policies, right?
Old Mutual PLC – Annual Financial Report 2010 and AGM 2011 – Part 5
Old Mutual PLC – Annual Financial Report 2010 and AGM 2011 – Part 5
Unsecured Personal Loans 1 1/2 A Way To Fulfill Financial Demands