Tag Archives: Married

Determining Your Correct Filing Status

Courtesy of the IRS It’s important to use the correct filing status when filing your income tax return. It can impact the tax benefits you receive, the amount of your standard deduction and the amount of taxes you pay. It may even impact whether you must file a federal income tax return. Are you single, […]

Really Innocent Spouse

Today TaxMama hears from Fred in the TaxQuips Forum, with this problem. “My ex-wife and I were legally divorced in Sept. 2008.  For the tax year 2008, she filed as married, filing jointly.  She withdrew her entire 401(k) fund and was penalized for early withdrawal.  She now owes the IRS over $10,000. Because she filed […]

Separated

  Today TaxMama hears from Michael in the TaxQuips Forum, with a brief question. “My wife and I are separated, although not legally. May I file a 2009 and 2010 tax return separately? Can it later be amended to jointly?”  

Spouse as Dependent

Today TaxMama hears from Jerry in Colorado, with a surprisingly common question. “What allows a spouse to claim the other as a dependent and how is the ‘dependent spouse’s Social Security income accounted for? What would be the filing status of the ‘supporting spouse’ [married, married filing separate, other]?”

His and Her Businesses

Today TaxMama hears from Jason in Arizona who says “My wife and I both started businesses in 2007. My wife sells candles and I do accounting. I know since we do joint taxes that normally you can file your business taxes with our personal taxes. But how does it work when filing for two different […]

Marriage or Education

Today TaxMama hears from Mary in Florida, with this problem. “I am finishing up my degree in nursing – and I am about to get married this year. But if I file a married return, I will lose my financial aid. And my tuition is over $30,000 per year. What do I do?”

Pre-Marital Tax Debt

Today TaxMama hears from Helen in AZ who has this question, “I have a 1992 IRS tax debt of $30,000. I got married in 1999. Is my husband responsible for this debt? We have never filed joint returns.”