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 Online File
Question: How to File Tax Online without the help of CA.?
Answer: download tax prepration software from income tax site.
https://incometaxindiaefiling.gov.in/
there are 2 types of preprator software i.e. MS excel and Adobe Reader
download any of these 2 and fill the requisite fields. There is 1 button generate XML, click it and save the xml file on your hard disk and upload that file after registering your PAN number on that site.hope it clarifies
How to File Your Taxes Online : Tax Software Tips
Filing Taxes Online For 2008
Question: How do I file a 1099 for property taxes on my own? I can’t use my online service w/o upgrading.?
I need to file a 1099 for my 2008 property taxes. I can’t use my free online service without paying/upgrading. How do I file a 1099 for property taxes on my own?
Answer: Interest you paid is shown on form 1098. Sometimes a mortgage company will also show you the amount of property taxes paid from your equity account.
You have to itemize your taxes on Schedule A to claim property taxes. How did you claim the interest on your mortgage? Is the home paid for? If so, there probably isn’t enough in just property tax to itemize unless you had other substantial expenses last year.
In either case, you will have to either upgrade your software or use the paper tax forms and mail them in.
How to file your taxes online using onions and electrolytes
Gross Income Estimator
Question: Does this sound like the right amount for my tax return? It doesn’t seem fair =(?
I’m not married yet, 27, live in MN and I claim 0 on my taxes.
I have two jobs and income stats for last year are as follows:
(I don’t have any crazy things either like schooling or a mortgage. I just pay on student loans)Total Gross Income:
24,544Federal taxes withheld: 2,928
State taxes withheld: 1,326I have no children yet either.
H&R Block’s website estimated $1,000 for my refund… that seems low to me? Especially since the government took over $4,000 of my hard earned, small amount of money last year.
Could H&R Block’s estimator be wrong?!
Last year I made a few thousand less with only one job and I got $1,300 back.
Answer: go to turbotax.com and try the free version to see if it is correct or not. you just need to fill in the blanks on the computer with the numbers on your W2
P2 – Estimate and Forecast your Total Income and Income Tax Exposure – Part 2
Tax Refund Singapore
Question: New Jersey state Tax filing from Singapore.( Internationally)?
I am eligible for refunds for 2006 state tax. I moved here to Singapore a few months back. Can I still file for tax refunds from here ? I am wondering because there is no field for “country” in the Tax form. I believe I can’t file online (e-tax) from other countries, internationally. So I am planning to send the paper form. I want to ask whether am I on the correct track? If some one has a bit of time to answer my question, I’d be thankful.
Best!
Katt
I think I am late in sending the form. I m planning to send by Fedex morrow from here Singapore. The last date is Tuesday !. Now do I have to get extension even for refunds?. How do I go about it. ? I hope some one has time to clarify my question.
Thanks for your time.Answer: yes you can file from a different country.
Singapore Budget 2011 Highlights – 18Feb2011