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Kim Kardashian And Kanye West File Taxes Separately, Should You?

Source: forbes.com - Feb 17, 2016

With $53 million in debt, Kanye West may want funds from any source these days. Whether it comes from the $1 billion he requested from Mark Zuckerberg, from Google’s Larry Page, or even contributions dribbling in via GoFundMe, he sure needs money. Of course, closer to home, there’s Kim Kardashian West. She and Mr. West are married with two kids, and have what can fairly be described as an empire.

Yet, it turns out to be two empires rather than one. That’s right, the couple keep their finances separate. Were it otherwise, Ms. Kardashian West might find herself making the same not so attractive pleas for funds now facing her husband. That means separate tax filings too. Although separate tax filings and separate finances do not always go hand in hand, they work best in concert.

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Category: IRS