Lecture one

Question 1

Filing status - Qualifying Widower - Most advantagous status

Answer 1

A TP who may use to the joint tax return standard deduction and rates ( but not the exemption of a deceased spouse) for each of two taxable years following the year of death of the spouse, unless remarried. The surviving spouse must maintain a household that for the entire year was the principal place of abode of the depedant ( Childen or step children). The surviving spouse must be entitled to the dependancy exemption for the dependant. Tax payer paid over half the cost of keeping up home fo the child

Question 2

Filing status - Head of household

Answer 2

Cannot be surviving spouse . Dependant lives half the year

Question 3

Filing status - Joint return

Answer 3

Must be married before the end of the year

Question 4

Filing status- HEad of household

Answer 4

Can file even if your single

Question 5

Filing status - Spouse died, no dependant children

Answer 5

File as single

Question 6

Filing status - Spouse dies in current year

Answer 6

Can file as married file joinly in the current year only NOT in any other year

Question 7

Filing status- Married filing seperately

Answer 7

IF a married individual files seperately a personal exemption can be claimed for his or her spouse if spouse has no gross income and and is not claimed as a depedant of another tax payer

Question 8

Dependant Exemption- Qualifying relative - SUPORT

If joint return was filed solely for a refund than can still claim dependant if meets all other exemption

Answer 8

Support- TP must have provided more than 50% of the support of that person
Under exemption amount , TAXABLEincome is less than 4050
Precludes dependant filing a joint return
Only citizens of united states , mexico or canada
Relative or
TPwho lives with individual the whole year

Question 9

Personal exemption

Answer 9

One can take a personal exemption for themselves