Credit: Splash News

With all the drama surrounding their pending divorce, Kim Kardashian and Kris Humphries can breathe a sigh of relief about one thing: They don’t have to file a joint tax return. Wetpaint Entertainment has exclusively learned the reason why.

“In a situation like this, there are few possible options for what can happen,” explains finance pro Fred Slater, CPA. “One: Their prenup explicitly stated they would file separately. Married couples do have that option.”

“Two: They did plan to file jointly but obtained a legal separation from the courts by December 31, 2011. If that’s the case, then they can file separately.”

“And number three: They did not obtain a legal separation before that date so, yes, they may file jointly. However, they can file under a status called MFS which stands for Married, Filing Separate.”

So which is it? Wetpaint Entertainment has learned it’s option number one: It was in their prenup that they don’t have to file together. “So much time was spent hammering out that prenup,” explains a source close to the issue. “Especially on Kim’s side. Even though they were getting married, she didn’t want to mix up their finances. Her team insisted Kim would always file separately. Kris was fine with that, he was never with her for the money.”

“So that’s one less hassle they have to deal with. But there are plenty more. This divorce could be going on for a very long time to come.”

 

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