Tax Update Blog: Permalink
« Previous · Tax Update Blog Home · Next »
THERE IS NO 'H-E-R' IN 'JOINT'
December 10, 2007
William Schroeder messed up on his 2003 return. The Indiana resident failed to report income from a K-1 he received on his joint return. The IRS caught up with him and asked for the taxes.
By this time, Mrs. Schroeder had stopped being Mrs. Schroeder. Still, since it was a joint return, Mr. Schroeder felt that she should help out with the tax bill. He took this argument to the Tax Court.
Unfortunately for Mrs. Schroeder, when you file a "joint" return, you each sign up for the whole bill. The IRS doesn't have to go after your ex if they want to collect it all from you. And that's how the Tax Court ruled last week.
The moral? Two can live cheaper than one, but one might end up footing the tax bill for two.
Cite: Schroeder, T.C. Summary Opinion 2007-204.
Bookmark: del.icio.us • Digg • reddit
Tax Updates
Subscribe to Tax Updates
The items included in the Tax Update Blog are informational only and are not meant as tax advice. Consult with your tax advisor to determine how any item applies to your situation.
Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not neccesarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to
Search Tax Updates
Friends and Neighbors
Economics Nerds
Hard-Core Tax Nerds
Gigablogs
Insurance Folk
Goners
Legislation
Tax Update Data Feeds
