Jump to content
ATX Community

Married Filing A Separate Return


Christian

Recommended Posts

I have two clients both over 65 yoa who have married. He owes an outstanding and ongoing tax liability for which he is paying $100 a month. His refund is taken every year until this is paid off. In reviewing the MFS filing status I find she has $20,000 of useable itemized deductions and he gets the standard deduction. The ATX software indicates if I assign her $20,000 to her I must reduce his deduction to $7,000 on his return. The IRS instructions advise each can use their own deductions which would indicate she uses itemized and he gets the $13,500 standard for his return. Which is it ?

Link to comment
Share on other sites

37 minutes ago, Christian said:

I filled it in and divided the income as indicated but I saw no calculator and assumed the service would do anything further.

The IRS will make the calculation.  It may not be what you think it should be so I would advise clients accordingly.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...