The state of singlehood also affects your tax filing from the IRS. There are many filing status like single, jointly, divorced, head of household, and a qualifying widow(er) with a...
People that are not married and do not qualify for other filing status have the single filing status as their default tax status. Your filing status affects many things like the...
Being a Caregiver is a pretty tricky job that could also take its toll on your pocket. It is like being responsible for someone's well being, hence everything the person needs...
Although same-sex marriages have been nationally recognized since 2015, some couples may still have a common-law marriage or civil partnership rather than a marriage. Persons living...
Posted by CORE PERFORMANCE on 03/31/2022
Who is a tax dependent?A tax dependent is a relative or child whose characteristics and relationship with you allow you to claim certain credits and tax deductions, such as head of...
Posted by CORE PERFORMANCE on 03/10/2022
The filing status of a taxpayer depends on individual circumstances. Are you married or single? Do you have dependents? Identifying the correct filing condition is essential, as it...
Divorce is hard and horrible. But at times, love turns sour, and two people have to part ways. The singular decision of parting ways involves many things. There are a ton of decisions...
IRS has its own test to determine whether you are qualified to claim another person to be your dependent in terms of taxes. It’s called a Joint Return Test. A Joint Return Test...
Posted by GLEN SMITH on 03/11/2019
While preparing your tax return, the first thing that is required of you is to choose your filing status. Your filling status is a determinant of many factors regarding your tax return....
Posted by Bishop & Associates CPA's, LLC on 03/08/2019