T.R | Title | User | Personal Name | Date | Lines |
---|
340.1 | My views | GIAMEM::HOVEY | | Wed Feb 08 1995 11:05 | 14 |
|
Paul, I got divorced in Ma. so the process may be different. My ex.
got almost exactly what your ex is asking for without a hitch. The
payments were also child support so I also took that hit. Don't look at
this at trying to get a fair shake. After much discussion in this
conference at the time of my divorce I just wanted an out where-as I
could take care of the kids and survive. Luckily I didn't have to pay
the State guidlines of 28% +/- and all that crap. My payments were
very similiar to yours. Last year my youngest graduated and got a job
so I'm done paying support. It she has a """"k for a lawyer good luck.
I found the tax deduction issue to be almost non-negotiable, which it
was.
George
|
340.2 | Ask and you shall receive ... ? | LANDO::ODONNELL | | Wed Feb 08 1995 12:14 | 14 |
| Paul,
Before you agree on a final divorce decree, outline everything
you want, and then negotiate from that list. Even if you feel
it is a trivial item, add it to the list, which may be bartered
away before distilling to the final decree. You are entitled to
much more than you think. I am also from Mass. but I also had an
ex that was looking after the "best interest of the child" for
the most part.
Mine is written up in the decree, that I get my son as a deduction
on the "odd years" for filing, my ex on the "even years".
Go for it!
|
340.3 | Don't sign until your ready | LUNER::MAYALL | | Thu Feb 09 1995 07:09 | 17 |
|
Paul,
I have the every other year senario. It stinks, I pay nearly $200
a week (one child). I get bounced from break even one tax year to
paying April 15th the next.
Don't sign anything your not comfortable with. Everyone wants to get
it over, but the results are what you live with every week/year. Make
your "wish" list, add some items that aren't of importance to you and
conceeed them. I dealt with a monster, I survived.
My divorce was in NH, but I now reside in Mass.
Good Luck, I've been there
Mark
|
340.4 | Share and share alike | STAR::DIPIRRO | | Thu Feb 09 1995 09:24 | 9 |
| I'm in the same boat but not so close to a final decree yet...only
I'm paying $350/week for child support for two kids. So stop your
whining! It could be worse! Anyway, my attorney said that it's becoming
more common to split the tax deductions (we each take one) and that we
would propose that and write it into the agreement. The S2BX didn't
seem to have a big problem with this when I mentioned it, but I guess
it'll depend on how the rest of it goes. She's been full of little
surprises so far when she thinks things are going "my way" more than
she likes.
|
340.5 | Sharing isn't always easy | LUNER::MAYALL | | Thu Feb 09 1995 11:51 | 14 |
|
re .4
Your right I could still be married to the ex.
Any parent who's pays support knows the financial strain it puts the
payee under. I've never, ever, have missed a single C.S. payment. If
I'm whinning so be it, I work three jobs to ensure my payments are made.
My attorny advised me to file bankruptcy, I refused and have dug my way
out. I'm entitled to my views.
It could always be worse, good luck to you.
M
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340.6 | | CSC32::HADDOCK | Saddle Rozinante | Thu Feb 09 1995 13:11 | 5 |
|
I have always found it interesting that women who complain about
violations are "outraged", but men who complain are "whining".
fred();
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340.7 | | TERZA::LZEKHOLM | Candlefountain | Thu Feb 09 1995 13:50 | 3 |
| I always find it interesting how easily a person can use such sweeping
generalizations, and then not understand how some people who don't fit
into those generalizations might feel offended by it.
|
340.8 | make sure it will stick | LJSRV2::BLUNDELL | | Fri Feb 10 1995 09:29 | 14 |
|
If you do end up negotiating such that you get the deduction,
make sure that it's written in a manner that the IRS will accept.
Any mention of such in your divorce decree needs to be UNCONDITIONAL
i.e. "husband is entitled to the deduction providing he is current
in his child support payments" may sound logical and realistic but
the IRS won't (doesn't have to) accept it.
Also, there is an IRS form specifically designed for this purpose
where the parent giving up the exemption signs the form and indicates
which years (either in list form 1994, 1996, 1998 or in general
1994-2000) they are giving up the exemption for.
|
340.9 | Insight | LUNER::MAYALL | | Fri Feb 10 1995 11:07 | 7 |
|
I have a close family member who works for the IRS. Make sure any
court document or required form is attached stating who has the
deduction. Otherwise they will "question" the deduction, if not now,
down the road.
M
|
340.10 | Split Deduction for children. | SALEM::PERRY_W | | Mon Feb 13 1995 09:08 | 12 |
|
My ex and I agreed to a split deduction for our four children.
She claimed the middle two and I claimed the youngest and oldest
The oldest was seventeen when we split up so I could
only claim him for one year. It worked out well because she
could claim two deductions during those post divorce years
when she was establishing a career and needed the financial help.
I have only one child left now, the youngest and I claim a deduction
for him. Like many of the other fathers in this notesfile , I
never missed a CS payment in all those years. One thing for sure
is that you will never read about the good fathers in the media!
Good luck ! Bill
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340.11 | Who gets the exemption! | QUOKKA::17576::PERRY_W | | Mon Apr 10 1995 13:06 | 13 |
|
I just came across an article in the Spring 95 issue of Single Parent
magazene titled "Who gets the exemption" and it discusses this issue
of tax exemptions for chirdren when filing singly.
I'll make a copy for anyone interested. Just contact me!
Bill Perry
Salem::Perry_w
DTN 285-2428
2188
|
340.12 | | QUOKKA::38110::FELDMAN | ONLY $19.99.99 | Fri Jun 23 1995 09:58 | 5 |
|
i have 4 children and i get to claim all 4 as long as my ex does
not work, she gets to claim the other 2 but not until she works
full time
|
340.13 | Attempting to make sense of it all | NQOPS::APRIL | Xtra Lame Triple Owner | Mon Jul 31 1995 16:07 | 14 |
|
On a final divorce decree ...
In your opinion what is better given these choices:
1) Pay $400 per month Child Support but get the exemptions
or
Pay less than $400 but give up the exemptions.
Regards,
Chuck
|
340.14 | | CSC32::HADDOCK | Saddle Rozinante | Mon Jul 31 1995 17:08 | 6 |
| Depends on how many children you are paying for. Remember the savings
on the exemption is the that you save the _taxes_ on the exemption.
Not the whole exemtion. So getting the exemptions may not save you
all that much.
fred();
|
340.15 | Every Other Year | TARKIN::VAILLANCOURT | | Tue Jan 02 1996 09:17 | 14 |
| I am just now going through a divorce.
My lawyer put the every other year scenario in my agreement, and
informed me that I have to get a form for the IRS showing that this is
what we're doing. Does anyone know what the name/number of this
form is and where I get it?
At first I didn't think it was 'fair', our son lives with me, the
child support I receive barely covers the day care expenses, never
mind all the other expenses. I just always assumed I would be able
to claim him as a deduction. Then I realized my ex also deserves
a break, as he can't claim the child support he pays me. Both of
us will have to pay on our 'off' year.
It's interesting to see the views from people on the 'other' side
of the payment process.
|
340.16 | Not always required | QUOKKA::18093::MAYALL | | Tue Jan 02 1996 10:07 | 14 |
|
I believe the form is a 2451/52 or 2441. The IRS will accept a copy
of the page from your divorce decree which states the exemption clause.
I'm in the same situation. Ever year you claim the child you'll
need to submit the form or a copy of your decree.
My daughter doesn't live me me. I'm on the other side of the fence
I don't see $10,000 worth of child support being spent on my
daughter every year. Its not fair for my daughter or myself, I pay
taxes on 10K and only get a tax break every other year. My daughter
never gets the benifit of my 10K, + medical, + dental
MM
never
|
340.17 | | QUOKKA::3744::CODY | | Tue Jan 02 1996 11:36 | 6 |
| The form number is in the IRS instructions for the 1040 form. As was
said in the previous reply you can submit a copy of the page of the
divorce agreement that deals with the tax deduction, you also have to
submit a copy of the signature page of the divorce agreement.
PJ
|
340.18 | Questions... | STAR::DIPIRRO | | Wed Apr 03 1996 10:53 | 10 |
| Since I'm in the process of filling out my tax return now, I want
to be sure I have this right. I have two children, and my divorce
decree explicitly states that my ex claims one as a deduction and I
claim the other. Is it sufficient to provide copies of this part of the
decree along with the signature page or must I *also* provide this form
that's been mentioned? Also, where I list my deductions, what do I put
in the box next to this child's name for the number of months he lived
with me during the year? I don't have primary physical custody, but I
have the kids one night during the week and every other weekend.
Thanks.
|
340.19 | | MKOTS3::RAUH | I survived the Cruel Spa | Wed Apr 03 1996 11:36 | 4 |
| Talk to your cpa on this. Also, I have a feeling that IRS (infernal rev
service) will say to attach a copy of the final to the returns. I
vaguely remember doing this myself.
|
340.20 | | PCBUOA::DEWITT | some promises never should be spoken | Wed Apr 03 1996 11:59 | 9 |
| Every year we attach the first page of the decree, the page that states
who gets to claim the children and the final page. We've never been
questioned by the IRS and the tax forms say to either do this - or have
that other form signed by the custodial parent (like that would ever
happen!).
As for your other question I'll have to look at our return...
joyce
|