Selecting a Filing Status - CPA Regulation (REG)
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In which of the following scenarios would the head of household filing status be available to the taxpayer?
In which of the following scenarios would the head of household filing status be available to the taxpayer?
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Head of household is available to unmarried or legally separated taxpayers who maintain the principle residence of a qualifying dependent for at least half the year. The taxpayer’s parent does not have to live with the taxpayer, but the taxpayer must maintain the home of the parent. Individuals who do not qualify as children are subject to a gross income limitation of $4,300 to be considered a dependent.
Head of household is available to unmarried or legally separated taxpayers who maintain the principle residence of a qualifying dependent for at least half the year. The taxpayer’s parent does not have to live with the taxpayer, but the taxpayer must maintain the home of the parent. Individuals who do not qualify as children are subject to a gross income limitation of $4,300 to be considered a dependent.
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Which of the following is (are) among the requirements to enable a taxpayer to be classified as a “qualifying widow(er)”?
I. A dependent has lived with the taxpayer for six months.
II. The taxpayer has maintained the cost of the principal residence for six months.
Which of the following is (are) among the requirements to enable a taxpayer to be classified as a “qualifying widow(er)”?
I. A dependent has lived with the taxpayer for six months.
II. The taxpayer has maintained the cost of the principal residence for six months.
Tap to reveal answer
Requirements to file as a qualifying widow(er) are that the suriving spouse must pay over half the cost of maintaining a household where a dependent child lives for the whole taxable year.
Requirements to file as a qualifying widow(er) are that the suriving spouse must pay over half the cost of maintaining a household where a dependent child lives for the whole taxable year.
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Mike and Maggie met at a New Year’s Eve party held December 31, Year 12. They instantly bonded, fell madly in love, and were married at 11:49pm that night. Identify Maggie’s filing status for Year 12.
Mike and Maggie met at a New Year’s Eve party held December 31, Year 12. They instantly bonded, fell madly in love, and were married at 11:49pm that night. Identify Maggie’s filing status for Year 12.
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For tax purposes, the taxpayer’s status as either single or married (if filing jointly) for a tax year is dependent upon the taxpayer’s status as of the end of the tax year. Since Maggie was married by the end of the tax year, the only applicable status from the options above is “married filing jointly.”
For tax purposes, the taxpayer’s status as either single or married (if filing jointly) for a tax year is dependent upon the taxpayer’s status as of the end of the tax year. Since Maggie was married by the end of the tax year, the only applicable status from the options above is “married filing jointly.”
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Jacob and Sarah are in the process of obtaining a divorce. While not legally separated yet, Jacob has moved out of the house by October of the current year. The couple’s children lived with Sarah in the family home for more than half of the tax year. What filing status can Sarah use to file her current year tax return?
Jacob and Sarah are in the process of obtaining a divorce. While not legally separated yet, Jacob has moved out of the house by October of the current year. The couple’s children lived with Sarah in the family home for more than half of the tax year. What filing status can Sarah use to file her current year tax return?
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The two taxpayers are still married at year-end and can file as either joint or separate.
The two taxpayers are still married at year-end and can file as either joint or separate.
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Taylor, whose spouse had died during the prior year has not remarried. Taylor maintains a home for the dependent child. What is Taylor’s most advantageous filing status?
Taylor, whose spouse had died during the prior year has not remarried. Taylor maintains a home for the dependent child. What is Taylor’s most advantageous filing status?
Tap to reveal answer
A qualifying widower is a taxpayer who may use the joint tax return standard deduction and rates for each of two taxable year following the death of a spouse unless he or she remarries.
A qualifying widower is a taxpayer who may use the joint tax return standard deduction and rates for each of two taxable year following the death of a spouse unless he or she remarries.
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Can two taxpayers who were married but lived apart during the year file as married filing jointly?
Can two taxpayers who were married but lived apart during the year file as married filing jointly?
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The criteria for married filing jointly is simply marriage. Distance, children, or any other factor do not play a role. If the couple was legally separated, they would not be able to file married filing jointly either.
The criteria for married filing jointly is simply marriage. Distance, children, or any other factor do not play a role. If the couple was legally separated, they would not be able to file married filing jointly either.
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In which of the following scenarios would the head of household filing status be available to the taxpayer?
In which of the following scenarios would the head of household filing status be available to the taxpayer?
Tap to reveal answer
Head of household is available to unmarried or legally separated taxpayers who maintain the principle residence of a qualifying dependent for at least half the year. The taxpayer’s parent does not have to live with the taxpayer, but the taxpayer must maintain the home of the parent. Individuals who do not qualify as children are subject to a gross income limitation of $4,300 to be considered a dependent.
Head of household is available to unmarried or legally separated taxpayers who maintain the principle residence of a qualifying dependent for at least half the year. The taxpayer’s parent does not have to live with the taxpayer, but the taxpayer must maintain the home of the parent. Individuals who do not qualify as children are subject to a gross income limitation of $4,300 to be considered a dependent.
← Didn't Know|Knew It →
Which of the following is (are) among the requirements to enable a taxpayer to be classified as a “qualifying widow(er)”?
I. A dependent has lived with the taxpayer for six months.
II. The taxpayer has maintained the cost of the principal residence for six months.
Which of the following is (are) among the requirements to enable a taxpayer to be classified as a “qualifying widow(er)”?
I. A dependent has lived with the taxpayer for six months.
II. The taxpayer has maintained the cost of the principal residence for six months.
Tap to reveal answer
Requirements to file as a qualifying widow(er) are that the suriving spouse must pay over half the cost of maintaining a household where a dependent child lives for the whole taxable year.
Requirements to file as a qualifying widow(er) are that the suriving spouse must pay over half the cost of maintaining a household where a dependent child lives for the whole taxable year.
← Didn't Know|Knew It →
Mike and Maggie met at a New Year’s Eve party held December 31, Year 12. They instantly bonded, fell madly in love, and were married at 11:49pm that night. Identify Maggie’s filing status for Year 12.
Mike and Maggie met at a New Year’s Eve party held December 31, Year 12. They instantly bonded, fell madly in love, and were married at 11:49pm that night. Identify Maggie’s filing status for Year 12.
Tap to reveal answer
For tax purposes, the taxpayer’s status as either single or married (if filing jointly) for a tax year is dependent upon the taxpayer’s status as of the end of the tax year. Since Maggie was married by the end of the tax year, the only applicable status from the options above is “married filing jointly.”
For tax purposes, the taxpayer’s status as either single or married (if filing jointly) for a tax year is dependent upon the taxpayer’s status as of the end of the tax year. Since Maggie was married by the end of the tax year, the only applicable status from the options above is “married filing jointly.”
← Didn't Know|Knew It →
Jacob and Sarah are in the process of obtaining a divorce. While not legally separated yet, Jacob has moved out of the house by October of the current year. The couple’s children lived with Sarah in the family home for more than half of the tax year. What filing status can Sarah use to file her current year tax return?
Jacob and Sarah are in the process of obtaining a divorce. While not legally separated yet, Jacob has moved out of the house by October of the current year. The couple’s children lived with Sarah in the family home for more than half of the tax year. What filing status can Sarah use to file her current year tax return?
Tap to reveal answer
The two taxpayers are still married at year-end and can file as either joint or separate.
The two taxpayers are still married at year-end and can file as either joint or separate.
← Didn't Know|Knew It →
Taylor, whose spouse had died during the prior year has not remarried. Taylor maintains a home for the dependent child. What is Taylor’s most advantageous filing status?
Taylor, whose spouse had died during the prior year has not remarried. Taylor maintains a home for the dependent child. What is Taylor’s most advantageous filing status?
Tap to reveal answer
A qualifying widower is a taxpayer who may use the joint tax return standard deduction and rates for each of two taxable year following the death of a spouse unless he or she remarries.
A qualifying widower is a taxpayer who may use the joint tax return standard deduction and rates for each of two taxable year following the death of a spouse unless he or she remarries.
← Didn't Know|Knew It →
Can two taxpayers who were married but lived apart during the year file as married filing jointly?
Can two taxpayers who were married but lived apart during the year file as married filing jointly?
Tap to reveal answer
The criteria for married filing jointly is simply marriage. Distance, children, or any other factor do not play a role. If the couple was legally separated, they would not be able to file married filing jointly either.
The criteria for married filing jointly is simply marriage. Distance, children, or any other factor do not play a role. If the couple was legally separated, they would not be able to file married filing jointly either.
← Didn't Know|Knew It →
In which of the following scenarios would the head of household filing status be available to the taxpayer?
In which of the following scenarios would the head of household filing status be available to the taxpayer?
Tap to reveal answer
Head of household is available to unmarried or legally separated taxpayers who maintain the principle residence of a qualifying dependent for at least half the year. The taxpayer’s parent does not have to live with the taxpayer, but the taxpayer must maintain the home of the parent. Individuals who do not qualify as children are subject to a gross income limitation of $4,300 to be considered a dependent.
Head of household is available to unmarried or legally separated taxpayers who maintain the principle residence of a qualifying dependent for at least half the year. The taxpayer’s parent does not have to live with the taxpayer, but the taxpayer must maintain the home of the parent. Individuals who do not qualify as children are subject to a gross income limitation of $4,300 to be considered a dependent.
← Didn't Know|Knew It →
Which of the following is (are) among the requirements to enable a taxpayer to be classified as a “qualifying widow(er)”?
I. A dependent has lived with the taxpayer for six months.
II. The taxpayer has maintained the cost of the principal residence for six months.
Which of the following is (are) among the requirements to enable a taxpayer to be classified as a “qualifying widow(er)”?
I. A dependent has lived with the taxpayer for six months.
II. The taxpayer has maintained the cost of the principal residence for six months.
Tap to reveal answer
Requirements to file as a qualifying widow(er) are that the suriving spouse must pay over half the cost of maintaining a household where a dependent child lives for the whole taxable year.
Requirements to file as a qualifying widow(er) are that the suriving spouse must pay over half the cost of maintaining a household where a dependent child lives for the whole taxable year.
← Didn't Know|Knew It →
Mike and Maggie met at a New Year’s Eve party held December 31, Year 12. They instantly bonded, fell madly in love, and were married at 11:49pm that night. Identify Maggie’s filing status for Year 12.
Mike and Maggie met at a New Year’s Eve party held December 31, Year 12. They instantly bonded, fell madly in love, and were married at 11:49pm that night. Identify Maggie’s filing status for Year 12.
Tap to reveal answer
For tax purposes, the taxpayer’s status as either single or married (if filing jointly) for a tax year is dependent upon the taxpayer’s status as of the end of the tax year. Since Maggie was married by the end of the tax year, the only applicable status from the options above is “married filing jointly.”
For tax purposes, the taxpayer’s status as either single or married (if filing jointly) for a tax year is dependent upon the taxpayer’s status as of the end of the tax year. Since Maggie was married by the end of the tax year, the only applicable status from the options above is “married filing jointly.”
← Didn't Know|Knew It →
Jacob and Sarah are in the process of obtaining a divorce. While not legally separated yet, Jacob has moved out of the house by October of the current year. The couple’s children lived with Sarah in the family home for more than half of the tax year. What filing status can Sarah use to file her current year tax return?
Jacob and Sarah are in the process of obtaining a divorce. While not legally separated yet, Jacob has moved out of the house by October of the current year. The couple’s children lived with Sarah in the family home for more than half of the tax year. What filing status can Sarah use to file her current year tax return?
Tap to reveal answer
The two taxpayers are still married at year-end and can file as either joint or separate.
The two taxpayers are still married at year-end and can file as either joint or separate.
← Didn't Know|Knew It →
Taylor, whose spouse had died during the prior year has not remarried. Taylor maintains a home for the dependent child. What is Taylor’s most advantageous filing status?
Taylor, whose spouse had died during the prior year has not remarried. Taylor maintains a home for the dependent child. What is Taylor’s most advantageous filing status?
Tap to reveal answer
A qualifying widower is a taxpayer who may use the joint tax return standard deduction and rates for each of two taxable year following the death of a spouse unless he or she remarries.
A qualifying widower is a taxpayer who may use the joint tax return standard deduction and rates for each of two taxable year following the death of a spouse unless he or she remarries.
← Didn't Know|Knew It →
Can two taxpayers who were married but lived apart during the year file as married filing jointly?
Can two taxpayers who were married but lived apart during the year file as married filing jointly?
Tap to reveal answer
The criteria for married filing jointly is simply marriage. Distance, children, or any other factor do not play a role. If the couple was legally separated, they would not be able to file married filing jointly either.
The criteria for married filing jointly is simply marriage. Distance, children, or any other factor do not play a role. If the couple was legally separated, they would not be able to file married filing jointly either.
← Didn't Know|Knew It →
Which of the following is (are) among the requirements to enable a taxpayer to be classified as a “qualifying widow(er)”?
I. A dependent has lived with the taxpayer for six months.
II. The taxpayer has maintained the cost of the principal residence for six months.
Which of the following is (are) among the requirements to enable a taxpayer to be classified as a “qualifying widow(er)”?
I. A dependent has lived with the taxpayer for six months.
II. The taxpayer has maintained the cost of the principal residence for six months.
Tap to reveal answer
Requirements to file as a qualifying widow(er) are that the suriving spouse must pay over half the cost of maintaining a household where a dependent child lives for the whole taxable year.
Requirements to file as a qualifying widow(er) are that the suriving spouse must pay over half the cost of maintaining a household where a dependent child lives for the whole taxable year.
← Didn't Know|Knew It →
In which of the following scenarios would the head of household filing status be available to the taxpayer?
In which of the following scenarios would the head of household filing status be available to the taxpayer?
Tap to reveal answer
Head of household is available to unmarried or legally separated taxpayers who maintain the principle residence of a qualifying dependent for at least half the year. The taxpayer’s parent does not have to live with the taxpayer, but the taxpayer must maintain the home of the parent. Individuals who do not qualify as children are subject to a gross income limitation of $4,300 to be considered a dependent.
Head of household is available to unmarried or legally separated taxpayers who maintain the principle residence of a qualifying dependent for at least half the year. The taxpayer’s parent does not have to live with the taxpayer, but the taxpayer must maintain the home of the parent. Individuals who do not qualify as children are subject to a gross income limitation of $4,300 to be considered a dependent.
← Didn't Know|Knew It →