Specifically, how do I handle a tax form for a refund that my ex and I received from our state of Georgia 2005 return. I know that it must be counted as income. The problem is that we filed jointly last year and now we must file as singles. The tax form shows both of our names but only his SSS number. I am willing to count the income as mine but I am concerned that he may be held accountable at some point because it is tied to his SSS number. Any help will be greatly appreciated! As I mentioned above, the state tax refund is from Georgia.
2007-01-09 02:17:58 · 6 answers · asked by illume_13 2 in Business & Finance ➔ Taxes ➔ United States
Another note of clarification: I was divorced in 2006. 2005 is the LAST year that we will file as married.
The income (a refund from GA taxes) was from 2005.
Thanks to everyone so far for their answers!
2007-01-09 06:27:51 · update #1
If it's a small amount, is probably simpler for him just to claim it since it's under his ssn. Technically, splitting it is probably more correct, with a note attached to each return explaining the situation.
Contrary to what someone else said, if you were divorced by the end of 2006, you can't file jointly for that year.
2007-01-09 03:46:23 · answer #1 · answered by Judy 7 · 1⤊ 0⤋
Use the percentage which is yours. Divide your 05 income by the total income for 05 and multiply the refund by the percentage obtained. If the IRS asks a question down the road then you have the numbers to back up your answer.
2007-01-09 02:32:58 · answer #2 · answered by acmeraven 7 · 0⤊ 0⤋
It would be best for him to report it - if you itemized deductions in 2005 - to avoid a 1099 matching problem. If he complains tell him you will just pay him his tax on that small amount.
2007-01-09 02:35:41 · answer #3 · answered by spicertax 5 · 0⤊ 0⤋
Split it in half, and let him know. He should do the same, but if he doesn't it shouldn't affect you. If you have a professional do your taxes, have them make note of this in the context of your return.
If you prepare them, make a documentation of your action.
2007-01-09 02:32:28 · answer #4 · answered by Wood Smoke ~ Free2Bme! 6 · 0⤊ 0⤋
Either of you could put in on your respective returns. I agree that it is safer to have it on his return, since his SS was the first one on the return.
2007-01-09 02:38:54 · answer #5 · answered by ninasgramma 7 · 1⤊ 0⤋
If you were married at ANY time during 2005, you can still file jointly, or you can file as "married, filing separately."
2007-01-09 02:25:46 · answer #6 · answered by Anonymous · 0⤊ 3⤋