Re: What is my 1040 status after a divorce?
Well, you are right and wrong...I reviewed the revenue rulings, and although it is easier to just file as single and compute it that way, depending on the types of income you have, any trusts, multiple properties in various states, title held by several persons, any property still jointly owned, etc. changes the math. That is to what I referred with probably...Some income and deductions will be taxed at a single rate, others will be qualified for as having been a spouse --so taxed at a de facto married rate. The simple answer, for very simple situations is: single. That does not deal with all the permutations of the tax consequences of a divorced individual. However, as most people never really deal with their taxes to their greatest benefit (the IRS has Millions of dollars of unclaimed deductions every year) I would encourage you to see a tax LAWYER, given the complexity of divorce.
BAILIFF: Do you swear to tell the truth, the whole truth, and nothing but the truth?
PETER GRIFFIN: I do...You bastard...