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Tuesday, February 4, 2014

Individual Taxation Research Problem

Research Problem 3. (a) (Chapter 3, 9th Edition) March 12, 2008 Mrs. Sophie Durbin 1310 Ash Street Kearney, NE 68849 distinguish life Mrs. Durbin, This letter is in response to the interrogation as to your bill status and related tax revenue matters for tax years 2006 and 2007. fit in to the information provided to me, you burdend for 2006 as marital cross-file separately and be unsure as to what file status to choose for 2007. Also, for 2006 you did not acquire your son or mother-in law as dependents. Usually, married persons who do not file a joint pop off must file as married filing separately. However, in your actual casing there is a special compartmentalization called fling fellow that allows a married person to be treated as universe single. Single persons can measure up for fling of kinfolk filing status. The tax range applicable to boss of syndicate are lower than those relating to married persons filing separately. The requirements for being an abandoned spo custom are that the taxpayer maintains a household for a child that is dependent, no joint return and parties cannot make love to copher the last 6 months of the year. The first condition you invade up as to Ryan; however, age and student status makes a difference. If Ryan is 19 years or older, he cannot qualify unless he is in any case a student. This is the case for 2006 plainly no for 2007. Thus, you are an abandoned spouse for 2006 but no for 2007. As to the dependency exemptions, your conserve has no right to claim either Ryan or Isabella. You provided more(prenominal) than 50% of the support and maintained the household in which they lived. You whitethorn claim Ryan and Isabella for 2006 and Isabella for 2007. I suggest that I prepare an revise return for you for 2006 which uses head of household rates and claims dependency deductions for twain Ryan and Isabella. It will save taxes. For 2007, you must use married filing separately status an! d claim Isabella as a dependent. cheer call for an appointment and I...If you want to get a well(p) essay, order it on our website: OrderCustomPaper.com

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