Legal Question in Family Law in Texas
This was in my divorce papers and I need to know what it means:
It is further ordered that for the calender year 2013 each party shall assume and pay all income tax due as a result of such partys individual earnings and each party is awarded any pre-payment withheld from his or her individual earnings as well as any refund. each party shall pay, indemnify and hold harmless the other from all liability for such 2013 taxes as set forth in this paragraph.
Obviously this is for tax filing purposes, but I need to know if there is any kind of loop hole in here to give me a break on taxes.
1 Answer from Attorneys
You should really speak with a tax attorney to be sure, but it is intended to mean that you both file single or head of household as appropriate based on IRS rules. You are responsible for any and all of your income. He is responsible for his. If you had withholdings or prepaid tax on your income, it belongs to you for filing. Same for him.
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