A couple has filed a joint tax return since they were first married. Because of self-employment income and significant investment income, they have made joint quarterly estimated tax payments. Before year-end the couple has divorced, and they will each file their own individual returns. The estimated payments made jointly while still married earlier in the year will be divided evenly between the two individual returns.
Answer the following statement true (T) or false (F)
False
If no agreement is reached concerning an appropriate division, the joint estimated tax payments are divided in proportion to each spouse's individual tax.
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