QUESTION
If a divorce decree states you must file jointly for your last year of marriage, is the debt owed jointly?
Asked on Apr 06th, 2015 on Divorce - New York
More details to this question:
Divorce papers state I must file jointly for this year, there was a deficit of 15,000.00 owed to the Feds. Are we to split the bill 50/50?
1 ANSWER
Bruce Provda
If this is not set out in the decree, then presumption would be that the debt is split 50/50. The IRS will not make this presumption and come after both of you until the debt is paid. Discuss this with your divorce attorney.
Answered on Apr 07th, 2015 at 3:05 PM