Steve Walker, CPA

214-797-2572
214-797-2572
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You are here: Home / Archives for tax returns

Avoiding Community Property Laws in Tax Returns

April 14, 2016 By Steve Walker

property tax

I often am asked by someone going through a divorce whether they should prepare their tax return using the Married-filing-joint method (MFJ) or Married-filing-separate (MFS) method. My first response is that MFJ is usually the method which results in the least amount of tax paid by the couple. … [Read more...]

Filed Under: blog Tagged With: community property, Divorce, marital assets, married filing separate, Steve Walker, tax returns

Ways to Avoid Paying Spouse’s Income Tax

December 7, 2015 By staff-at

income tax monopoly

When your client is concerned about the risk of being held liable for taxes on the income of his or her spouse, there are several options to be considered. Married Filing Separate If your client knows or fears the spouse plans to under report taxes due, you may want to recommend that your client … [Read more...]

Filed Under: blog Tagged With: Divorce, married filing separate, Steve Walker, Tax Information, tax returns

The Dependency Exemption

October 27, 2015 By staff-at

Divorcing parties often want to know which former spouse will be entitled to the $4,000 (for 2015) dependency exemption. The exemption is granted with respect to a “qualifying child”. The rules are found in Internal Revenue Code Section 152 and there are many exceptions and requirements. … [Read more...]

Filed Under: blog Tagged With: child support, Divorce, Steve Walker, tax returns

Tax Returns and Divorce

October 14, 2015 By staff - tc

taxes and divorce

If you are in the process of divorcing your spouse, you may be interested in having some information about filing your tax return. The IRS treats you as married if on the last day of the tax year you still don't have a final divorce decree or separation agreement. This means you can only choose … [Read more...]

Filed Under: blog Tagged With: Divorce, Steve Walker, tax returns

Steve Walker, CPA

8864 Broken Bend
Frisco, Texas, 75036
214-797-2572

Steve Walker

Steve Walker, CPA

8864 Broken Bend
Frisco, Texas, 75036
214-797-2572

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