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re: Divorce and taxes

Posted on 8/10/15 at 9:57 am to
Posted by krehn11
IA
Member since Jul 2011
1486 posts
Posted on 8/10/15 at 9:57 am to
quote:

I'm still legally married and we split defendants so no ruh roh


You can't claim HOH if you are legally married.
Posted by Jag_Warrior
Virginia
Member since May 2015
4086 posts
Posted on 8/10/15 at 12:43 pm to
quote:

NY is a no-fault divorce state so adultery makes no difference when it comes to support owed. We could have retained lawyers and fought over it, but that would have left us with nothing. Better to reach a reasonable agreement and get her the frick out of my life ASAP, in my opinion. edit: I agree that it's really fricked up from an objective, non-legal standpoint. It is. It sucks being in the position of paying for her shite after I've been supporting her 100% for the last three years. At least it's only until next May. She's moving back home so I'm going to pay her substantially less than if she'd stayed here, thank goodness.


Yes, I can see where you're coming from. Good job in looking at the situation logically, without letting emotion drag you down.
Posted by Hog on the Hill
AR
Member since Jun 2009
13389 posts
Posted on 8/10/15 at 4:14 pm to
So the latest snag is that in order to separate our retirement funds without a tax penalty, we'd need a Qualified Domestic Relations Order. We'd probably need to get a lawyer or accountant to prepare it for us, and I don't really want to pay for that. Instead, I'm considering extending my alimony payments long enough to cover the dollar value of the retirement funds that I'd have given her, in exchange for her waiving her share of the retirement funds (so we wouldn't touch them). That way she'd still get her money and we wouldn't have to hire anyone to help us set that up.

The downside to this is that she'd have to declare the alimony payments as income and pay taxes on them, so that throws a wrench in the plan.

We have a really simple divorce situation and it's still a pain in the arse. Now I see why people get pre-nups.
This post was edited on 8/10/15 at 4:15 pm
Posted by Teddy Ruxpin
Member since Oct 2006
39575 posts
Posted on 8/10/15 at 5:10 pm to
Honestly, it sounds like you are continuing to make decisions that led to where you are today. Just pay the damn lawyer/accountant or whoever you need to get it over with and away from her.

Eta: she's a piece of shite and you need to stop coddling her and her "problems." This girl better be a god damn supermodel neurosurgeon to put up with this. She's an adult, and you need to act like one too. Stop doing this delaying conflict, procrastination or whatever thing you're doing. Anything that happens now will be your fault, not hers or some lawyer.

You can do it. Good luck.
This post was edited on 8/10/15 at 5:15 pm
Posted by Hog on the Hill
AR
Member since Jun 2009
13389 posts
Posted on 8/13/15 at 10:20 am to
quote:

Honestly, it sounds like you are continuing to make decisions that led to where you are today. Just pay the damn lawyer/accountant or whoever you need to get it over with and away from her.

Eta: she's a piece of shite and you need to stop coddling her and her "problems." This girl better be a god damn supermodel neurosurgeon to put up with this. She's an adult, and you need to act like one too. Stop doing this delaying conflict, procrastination or whatever thing you're doing. Anything that happens now will be your fault, not hers or some lawyer.

You can do it. Good luck.
It makes no sense to get a lawyer or accountant involved when the amount of marital assets we have is so little. It took a couple hours to decide with my wife how we were going to resolve the issue in a way that works for us both. It's far more important to avoid fighting over what is a relatively small amount of money and dragging out something that neither of us is enjoying.

Hiring a lawyer would have taken way longer and been much more expensive than how I handled it.
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