- 3 - 2001 Federal income tax return was signed and dated by both petitioner and Ms. Glenn on April 10, 2002. Both petitioner and Ms. Glenn executed the 2001 return voluntarily. Petitioner and Ms. Glenn were divorced on November 13, 2002. Their judgment for dissolution of marriage provided: That each party shall be responsible for the payment of all credit card bills and all other debts in his or her name alone. Each shall hold the other harmless and indemnify the other from the respective indebtedness. However, the judgment for dissolution of marriage did not address payment of joint liabilities. On their jointly filed 2001 tax return, petitioner and Ms. Glenn reported wage income of $157,301, interest income of $350, and total pension and annuity income of $165,838.2 Petitioner and Ms. Glenn reported adjusted gross income of $323,489 and claimed deductions of $31,811 on Schedule A, Itemized Deductions. Their 2001 income tax return reported a total tax of $86,293 and a net amount owed of $21,438 after reducing their total tax by the amount of income tax withheld. During taxable year 2001, petitioner earned wages from two sources: $58,502.61 from Ceridian Corp. from which $11,122.24 of Federal income tax was withheld; and $74,219.76 from Kronos, Inc., from which $14,984.69 of Federal income tax was withheld. 2This amount is rounded to the nearest dollar.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011