My wife and I file jointly, but we have separate bank accounts. Is there any penalty or gift tax if I pay off her loan balance of $32,000?
If I filed an extension with my wife as filing jointly/married can I change it and file as married filing separately and go ahead to file my return now?
My primary home in California is on Rent. My wife is buying another property ( her name in mortgage), and will be using as primary. Can we both have 2 separate primary?