My wife and I are filing separately and I just was made aware that she filed already and took standard deduction, while I had planned to file itemized. Wife knows I have significant deductions From my business costs. A few questions please:
1. if I file itemized, will both of us get a fine? How much?
2. If I file itemized does this cause my wife to refile and lose any and all deductions? Will I also lose the deductions entirely?
3. How much is the fine?
4. By her filing first, does she get an upper hand and force me to file the same as her?
thx much
