If one person has no income after divorce, does he or she need to file an income tax return? He or she was the dependent of the other party before the divorce. He or she lives on savings.

ANSWER

The BIDaWIZ Team's Answer:

You do not have to file a tax return, if you do not

have any taxable income. However, until you reach

retirement age, it is still advisable to file a tax return,

with $0 taxable income reported thereon. Thus, precluding

the IRS from asserting, at a later date, that taxable income

was not reported.