Daniel Baldwin's Wife -- The Million Dollar Divorce Demand

The Daniel Baldwin divorce is officially back on ... just months after the actor and his wife put the split on hold ... and this time, she's making some HUGE financial demands.

Joanne Baldwin has just filed a fresh set of divorce papers in Oregon ... claiming she and Daniel have irreconcilable differences that have caused "the irremediable breakdown of their marriage."

In the papers, Joanne is demanding $4k per month in child support for their 2 children -- plus HALF of all of Daniel's earnings, including 50% of a $100k payday the actor is allegedly set to make in Australia.

Joanne is also asking the court to require Daniel to take out a $1,000,000 life insurance policy for the benefit of their kids.

According to the docs, Joanne wants sole custody of the couple's children. She's also demanding to be awarded all of the furniture that she owned prior to the marriage.

As TMZ previously reported, Daniel had filed for divorce back in July ... but both he and Joanne agreed to dismiss the divorce petition in August.

Calls to both Joanne and Daniel have not been returned.