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Joint Election to Split Pension Income for 2014 Protected B when completed Complete this form if you (the pensioner) are electing to split your eligible pension income with your spouse or common-law

How to fill out joint election to split

How to fill out joint election to split:

1. Obtain the necessary forms: The joint election to split is generally carried out using IRS Form 8379, Injured Spouse Allocation. This form can be found on the IRS website or obtained from a local IRS office.
2. Provide personal information: Fill out the required personal information section on the Form 8379, including full names, Social Security numbers, and addresses of both spouses.
3. Indicate filing status: Indicate the filing status for the tax return in question on the form. Options include married filing jointly or married filing separately.
4. Determine income and deductions: Calculate the portion of income and deductions that belong to each spouse. This step is crucial to determining the allocation of any refunds or credits.
5. Complete the allocation section: In this section of the form, indicate the amount of the refund that should be allocated to each spouse. This is typically based on the income and deductions determined in the previous step.
6. Attach necessary documentation: Depending on the circumstances, you may need to attach additional documentation such as copies of income statements or other supporting documents. Follow the instructions on the form to ensure you provide all required documentation.

Who needs joint election to split?

1. Married couples filing jointly who are experiencing issues with the IRS offsetting a refund due to one spouse's outstanding debts or obligations may need to fill out a joint election to split.
2. If one spouse has delinquent child support payments, student loan debts, or owes back taxes to the IRS, the joint election to split allows the innocent spouse to protect their portion of the refund from being applied towards the other spouse's liabilities.
3. Couples who want to protect their individual interests and ensure a fair allocation of any refunds or credits during the tax filing process may also choose to fill out a joint election to split.

Note: It is important to consult with a tax professional or the IRS directly to ensure you are following the correct procedure and accurately completing the joint election to split form.

For pdfFiller’s FAQs

What is joint election to split?

Joint election to split is a legal agreement between a married couple to file separate tax returns.

Who is required to file joint election to split?

Married couples who are considering filing separate tax returns for the current tax year.

How to fill out joint election to split?

You can fill out joint election to split by completing Form 8958 and attaching it to your tax return.

What is the purpose of joint election to split?

The purpose of joint election to split is to allow married couples to divide their income and deductions between their two separate tax returns.

What information must be reported on joint election to split?

The joint election to split must include the names and social security numbers of both spouses, as well as a statement indicating the agreement to split income and deductions.

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