BUISENESS MANAGEMENT
TAXES
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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how to organize your taxes
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having kids
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being single or legally married
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what year you are on with taxes
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Detailed explanation-1: -Normally this status is for taxpayers who are unmarried, divorced or legally separated under a divorce or separate maintenance decree governed by state law. Married filing jointly.
Detailed explanation-2: -Single filers are taxpayers who file their federal income tax returns with the Internal Revenue Service (IRS) under the status “single.” This filing status is used by unmarried taxpayers who don’t qualify for any other filing status.
Detailed explanation-3: -Under the married filing separately status, each spouse files their own tax return instead of one return jointly. Instead of combining income, each person separately reports income and deductions.
Detailed explanation-4: -Married filing separately is a tax status for married couples who choose to record their respective incomes, exemptions, and deductions on separate tax returns. The alternative to married filing separately is married filing jointly.