Acc 410

Week 1

ACC 401/Federal Income Taxes

Instructor: Jacob Burdick

January 20, 2013

32.

Single: Individual uses a filing statues of single if they are not married and if they qualify as either head of household or qualifying widow(er). It also qualifies divorce or separate maintenance decree was legally executed on or before December 31 of the tax year.

Married Filing Jointly: A couple that is legally married on the last day of tax year can file one joint tax return that combines all income, deductions, and credits of both parties. The other status, a person who is legally separated from his or her spouse under a decree of divorce or separate maintenance is not considered married. If the spouse is a nonresident alien at any time during the year, generally that person cannot file a joint return.

Married Filing separately: a married couple can elect to file two separate returns rather than one join return. Only in unusual circumstances is it advantageous for a married couple to file separate returns rather than a join return.

Head of Household: a taxpayer must be unmarried at the end of the tax year, be a U.S. citizen or resident throughout the year, not be a qualifying widow(er), and maintain a household that is the principal place of abode of a qualifying person for more than half of the year.

Qualifying Widow(er) with Dependent Child: for the two tax years following the death of a spouse may be eligible to file as a qualifying widow(er). As conditions are meet the requirements, eligible to file a joint return in the year the spouse died, unmarried before the end of the tax year, paid more than half the cost of keeping up a household, was the principal place of abode for the entire year of both the taxpayer and a child, stepchild, or adopted child who ban be claimed as a dependent by the taxpayer. 

33.

A. the taxpayer can claim head of household.

B. the taxpayer can claim as head of household on a special rule.

C. the taxpayer can claim head of household....