Spouses who live in one of the nine community property states must classify their income as community income or separate income when filing separate federal income tax returns. In...
Posted by KLSM CPA Firm PLLC on 01/17/2023
Community property is a type of joint ownership of property between couples. With some variation between states, all property acquired or purchased by a couple during the marriage...
Posted by Flynn Financial Group Inc on 03/16/2021
Couples living in a community property state own their marital properties, income, and assets jointly. If you earn around $75,000, the income is yours as much as it is your spouse....
Posted by Carmen Garcia on 01/01/2021
