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Does the owner of the P.C. have to file a separate income tax return from his spouse if she isn't working?
Wiki User
∙ 14y ago
A professional corporation (P.C.) might file as a single-member entity (sole proprietor), a partnership, or as a corporation. Each of these categories has its own specific income reporting form that has no connection to your filing status (Married Filing Jointly, Single, etc.).
But you'd be filing a Form 1040 (U.S. Individual Income Tax Return) for non-professional corporation income, deductions, etc., and on your 1040 you and your spouse are Married Filing Jointly, even if your spouse doesn't work.
Wiki User
∙ 14y ago
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What is the most your spouse can make without you claiming her on your income taxes?
On your MFJ income tax return you do not have a choice about claiming your spouse. Your spouse would not be claimed as a dependent exemption on your MFJ income tax return. You have one exemption for each spouse on the MFJ income tax return and all gross worldwide income is combined on the married filing joint income tax return.
Is the surviving spouse responsible for deceased spouse's federal income tax?
I take it that the two of you filed separate returns and kept your funds separate. You are probably not responsible for your deceased spouse's federal income tax. However, your deceased spouse's estate is responsible for his or her federal income tax. That is if there is enough money in the estate to pay the taxes. Otherwise, you may need a good tax lawyer.
If your spouse files ahead of you and uses money that are supposed to be split?
You would file your income tax return correctly and send it in. It is possible that you may have to file your correct income tax return in the mail as a paper income tax return.
You did not work and your spouse owes tax are you responsible?
On the married filing joint income tax return it is not the spouse that owes the tax because the spouse worked and earned the income it is we owe taxes on the joint income tax return because the spouse worked and earned the income.If this is about some past due taxes that the spouse owes then the below information would apply.Go to the Internal Revenue Service web page and use the search box for form 8379 go to page 2.Form 8379 is filed by one spouse (the injured spouse) on a jointly filed tax return when the joint overpayment was (or is expected to be) applied (offset) to a past-due obligation of the other spouse. By filing Form 8379, the injured spouse may be able to get back his or her share of the joint refund.Are You an Injured Spouse?You may be an injured spouse if you file a joint tax return and all or part of your portion of the overpayment was, or is expected to be, applied (offset) to your spouse's legally enforceable past-due federal tax, state income tax, child or spousal support, or a federal nontax debt, such as a student loan.
What if your spouse refuses to pay taxes on earned income?
I suggest not filing a joint return. Using the Married Filing Separately filing status will not allow you to claim some tax benefits and you won't have the benefits of combining your income, but it will save you if your spouse is audited. If you file jointly, you will be fully responsible for the taxes on the omitted income. Filing a joint return creates something called "joint & several liability" which means you are both responsible for the entire tax liability, even if it's later adjusted because one spouse omitted income or committed tax evasion. Read IRS Publication 971 to find out the difficulty of not being held responsible for your spouse's actions. That's why I recommend not filing a joint return with your spouse. The benefits will not be worth the cost if they are caught evading taxes.
What is the most your spouse can make without you claiming her on your income taxes?
On your MFJ income tax return you do not have a choice about claiming your spouse. Your spouse would not be claimed as a dependent exemption on your MFJ income tax return. You have one exemption for each spouse on the MFJ income tax return and all gross worldwide income is combined on the married filing joint income tax return.
How do you find out if a spouse has filed a tax return?
The obvious answer is to ask your spouse. If that is not an option, have your divorce attorney ask your spouse's attorney. You can call the IRS and ask them if by any chance a joint return has been filed with your name on it, but they won't tell you if your spouse filed a separate return. If none of that works, file a separate return (married filing separately, not single). If civil relations are ever restored with your spouse, you can talk about matters and file an amended return later.
Is the surviving spouse responsible for deceased spouse's federal income tax?
I take it that the two of you filed separate returns and kept your funds separate. You are probably not responsible for your deceased spouse's federal income tax. However, your deceased spouse's estate is responsible for his or her federal income tax. That is if there is enough money in the estate to pay the taxes. Otherwise, you may need a good tax lawyer.
If your spouse files ahead of you and uses money that are supposed to be split?
You would file your income tax return correctly and send it in. It is possible that you may have to file your correct income tax return in the mail as a paper income tax return.
Does your husband have to claim your workers compensation benefits on his tax return?
does my spouse have to claim my workers disability pension on his income tax return
Can you file your disabled spouse as a dependent?
Not as a dependent on the married filing joint income tax return. You will each get one exemption on the MFJ income tax return for a total of 2 exemptions.
Do you pay taxes on child support if you have a high income bracket?
No Child support payments are neither deductible by the payer nor taxable to the payee. When you calculate your gross income to see if you are required to file a tax return, do not include child support payments received. However, alimony, separate maintenance, and similar payments from your spouse or former spouse are taxable to you in the year received:
You did not work and your spouse owes tax are you responsible?
On the married filing joint income tax return it is not the spouse that owes the tax because the spouse worked and earned the income it is we owe taxes on the joint income tax return because the spouse worked and earned the income.If this is about some past due taxes that the spouse owes then the below information would apply.Go to the Internal Revenue Service web page and use the search box for form 8379 go to page 2.Form 8379 is filed by one spouse (the injured spouse) on a jointly filed tax return when the joint overpayment was (or is expected to be) applied (offset) to a past-due obligation of the other spouse. By filing Form 8379, the injured spouse may be able to get back his or her share of the joint refund.Are You an Injured Spouse?You may be an injured spouse if you file a joint tax return and all or part of your portion of the overpayment was, or is expected to be, applied (offset) to your spouse's legally enforceable past-due federal tax, state income tax, child or spousal support, or a federal nontax debt, such as a student loan.
Do i need to file taxes if only income is social security and i dont work?
Unlikely unless you are married and your spouse is filing a separate return (rather than a joint return). You might also have to file taxes if you receive a large lump sum for benefits from a previous year or years. But are you sure you have no other income? No interest from the bank? No pension? No IRA? No 401k? No investments?
How does your wife protect her tax return from being applied to your child support?
If you filed a joint tax return, she can't. A joint return has both of your names on it, so the refund will have both of your names as well. Thus it can be garnished by the state to pay back child support. The only way to avoid it would be to file separate tax returns. For Federal income taxes, the spouse should file an injured spouse form to recover his/her share of the refund.
Can a spouse domiciled in Ohio keep separately earned income to oneself?
If the income resulted from property or an investment before the marriage occurred. Inheritances are considered separate property regardless of when they were conferred.
What if your spouse refuses to pay taxes on earned income?
I suggest not filing a joint return. Using the Married Filing Separately filing status will not allow you to claim some tax benefits and you won't have the benefits of combining your income, but it will save you if your spouse is audited. If you file jointly, you will be fully responsible for the taxes on the omitted income. Filing a joint return creates something called "joint & several liability" which means you are both responsible for the entire tax liability, even if it's later adjusted because one spouse omitted income or committed tax evasion. Read IRS Publication 971 to find out the difficulty of not being held responsible for your spouse's actions. That's why I recommend not filing a joint return with your spouse. The benefits will not be worth the cost if they are caught evading taxes.
