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Allocation of tax refunds between estate and surviving spouse

  • 1.  Allocation of tax refunds between estate and surviving spouse

    Bronze Most Valuable Member
    Posted 08-16-2022 08:45 AM
    Couple always filed MFJ. Estimates were made from joint checking account. Significant carryforward refunds have accumulated over 6 years. Deceased taxpayer was primary earner. Estimates were paid from joint checking account until 7/2020, when surviving spouse was removed because of medical disability.
    What is prescribed method to allocate over $1 million of refunds? Is it 50/50 for years funds came out of JT account or based on tax liabilities incurred by each spouse, which means most would go to estate.
    --
    Gerald S. Cohen, CPA
    cell 516 455-0643


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