Keyword Cloud: Taxes

How long do I need to keep my returns?

How long do I need to keep my returns?

Tax Tips 1

Consider "Married-Filing Separate" if one spouse has large medical expenses, miscellaneous itemized deductions, or casualty losses or, if the spouses' incomes are about equal.

 
Ask the taxpayer for a list of any persons to whom he contributed living expenses. Consider the dependency rules for anyone on the list.

 
If this is a decedent's final return, use MFJ filing Status. Be sure to include all medical costs, even if they are paid in a later year, but within one year of the taxpayer's death.

What is the ACA?

What is the Affordable Care Act? What is "Obama Care"? Who is affected by ACA?

What is a Qualifying Child?

What is a Qualifying Child? What tests do they need to Qualify?

What is a Qualifying Relative?

What is a Qualifying Relative? Does a Qualifying Relative have to be directly related to me? What is the Member of a Household Test cover?

What is a Social Security Number?

What is a Social Security Number? What is a Taxpayer Identification Number? What is a TIN? Do I need a Social Security Number to file taxes?

What filing status should I use?

What filing status should I use? Should I file as Head of Household? Should I file as Married Filing Joint? Should I file as Married Filing Single? Should I file as Single? Should I File as Qualifying Widow?

What are exemptions?

What are exemptions? Are they the same as dependents?

What is the history of taxes in the US?

What is the history or taxes in the US? Have we always paid taxes?

What 1040 Form should I use?

What 1040 Form should I use? What is a 1040EZ? What is a 1040A?