Arthur Kamlet wrote:
- quote -

reply on the newsgroup was truncated. I never saw the bottom half
of your reply.

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In article <UxB4k.5038$N87.1918[at]nlpi068.nbdc.sbc.com> ,
Alan <sfcnm-mtm[at]yahoo.com> wrote:
- quote -


I think you confirmed what I said, but in fewer words.
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ArtKamlet at a o l dot c o m Columbus OH K2PZH

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Arthur Kamlet wrote:
- quote -

married separate tax returns; totaling the taxes on the two
returns; and computing the percentage of the total tax for each
taxpayer. This percentage is then applied to the actual taxes
paid on the joint return to obtain each spouse's share.

There is an example of the above in IRS Pub 505.

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In article <v2h5545ko78d7hpo5etjor2m0hca88r0h1[at]4ax.com> ,
Bill Lentz <blentz[at]negatorygoodbuddy.prodigy.net> wrote:
- quote -


The procedure (there may be others, but this is known to be an
acceptable one) is to allocate the 2007 tax to each spouse.

Many software packages allow you to easily generate 2 MFS returns out
of a MFJ return.


If the two MFS returns result in less tax, as happens often in Ohio,
the two MFS returns get filed.

But in this case, the two MFS returns might generate more tax.
No matter.


Just add the tax together from the two MFS returns, and determine
the percent of the total MFS tax represented by the taxpayer, and
apply that percent to the joint return.


Example:

Using hypothetical 2007 return.

MFJ total tax = $4000

MFS total tax = $5000, Taxpayer=3000, Spouse=2000

So had they filed separately Taxpayer's tax was 60%

60% x 4000 = $2400

Use $2400 for 2007 tax when determining 2008 Form 2210 amount.
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ArtKamlet at a o l dot c o m Columbus OH K2PZH

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

The tax rules state that 'generally' payment of the prior year actual
taxes will preclude an underpayment penalty.

How about a situation where an individual filed a MFJ return in 2007
(joint because spouse died in 2007.) 2007 actual taxes were low (less
than $1,000.) Individual has paid in (by applying 2007 refund to
2008 taxes) well in excess of this, but less than half of 2008
estimated tax liability. Individual will be filing as single in 2008.
Will anything in this situation negate the use of "paid in prior year
taxes" as an underpayment exception?

Thanks
Bill

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >