Legal Question in Family Law in Texas

I have a question relating to this paragraph in my divorce papers. Treatment/Allocation of Community Income for Year of divorce. It is ordered and decreed that, for the calendar year 2010, each party shall file an individual income tax return in accordance with the IRS Code and report as the party�s income 50 percent of all predivorce community income or loss attributable to the parties, all post divorce income attributable to the reporting party, and all the reporting party�s separate income during any part of the year. Each party shall take credit for 50 percent of all prior year overpayments, estimated tax payments, and withholdings occurring before the date of divorce and for 100 percent of the reporting party�s estimated tax payments and withholdings occurring after the date of divorce.

Asked on 2/04/11, 11:54 pm

Mark Dunn Mark D. Dunn

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Answered on 2/09/11, 6:31 am

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