In Read, a husband and wife
owned all the stock in a corporation at the time of their 1986 divorce.
Also, it was noted that the husband and wife
owned 100% of the residence (either through the partnership or the grantor trust), at all times that title was held in the partnership.
Observation: Even though the husband and wife
resided in a community property state, divorcing couples in other states also can take advantage of the annuity method in equalizing their marital assets.
Assuming that the multiple business use of a home office by a single taxpayer is analogous to the joint business use of a home office by a husband and wife
, the Hamacher decision suggests that the Frankel court reached an erroneous result.
Recently the Southern Baptists amended their statement of faith to reflect and emphasize the manner in which Christian men and women ought to live out their lives as husband and wife
In Murphy, the IRS unsuccessfully had argued that the husband and wife
should be treated as one taxpayer.
Example 2: H and W, husband and wife
, file a joint return.
63] In both cases, the similarity between the confrontation of husband and wife
and among saloongoers is manifest.
While it says that husband and wife
have ``equal worth'' before God, the choice of words about marital relations also makes it one of the most conservative of such statements.
According to revenue ruling 85-70 (1985-I CB 361), when a husband and wife
file a joint income tax return, each spouse has a separate interest in the jointly reported income as well as a separate interest in any overpayment.