However, additional complexities come into play when a surviving spouse
is also entitled to claim his or her own retirement benefit.
When I got here about a year ago, they had a good Key Spouse
Program in place, but it was mainly focused on deployments," she said.
No fraudulent scheme: The requesting spouse
and the nonrequesting spouse
(5) must not have transferred any assets to the other as part of a fraudulent scheme.
4) an enterprise and the income derived from the operations of the enterprise or any other business, provided that the spouses
took up such business activities after the commencement of the marriage.
must have filed a joint return that has an understatement of tax directly related to his or her spouse
's erroneous items.
A prenuptial agreement, however, does not always protect your assets from the new spouse
It sets forth how to divide the community options and how the non-employee spouse
can receive a Form 1099, reflecting the income and the income tax withholding under that spouse
's social security number.
Assuming a separate trust, the grantor generally retains a nongeneral right to appoint the property in order to avoid a completed gift to an irrevocable trust and to ensure that the property will be included in the grantor's estate if the grantor is the first spouse
I don't think you would find any military spouse
that wouldn't do it again,'' she said.
4) For example, if a donor spouse
transfers property so that a portion of the property interest is gifted to a third party and a portion of the interest is gifted to his or her spouse
, in order for the portion gifted to a third party to be eligible for gift-splitting, such interest must be ascertainable at the time of the gift and, hence, severable from the interest transferred to the nondonor spouse
Some surviving spouses
of deceased veterans have until Dec.
Also, for income tax purposes, the issue of which spouse
is assigned the new business income is usually not relevant because most spouses
file a joint income tax return where their income is combined.
There may be income, too, if one spouse
is receiving child support payments.
Since unmarried persons could not possibly leave anything to a spouse
or to legitimate offspring, their inclusion in the sample would distort the results concerning the relative importance of different recipients as named before.
This article reviews the changes to the innocent spouse
provisions and points out tax planning considerations when working with the expanded relief provisions offered to qualifying taxpayers.