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You can own anything you want when filing.

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15y ago

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If I file married filing separately, am I responsible for my spouse's debt?

Filing married filing separately does not make you responsible for your spouse's debt. Each spouse is responsible for their own debts when filing separately.


What are the differences between filing taxes as married filing jointly and married filing separately on a W4 form?

When filing taxes as married filing jointly on a W-4 form, both spouses combine their income and deductions. This can result in a lower tax rate and higher deductions. When filing separately, each spouse reports their own income and deductions, which can sometimes lead to a higher tax rate and fewer deductions.


What are the differences between filing taxes as married filing separately and married filing jointly on a W4 form?

When filing taxes as married filing separately, each spouse reports their own income and deductions separately. This can result in higher tax rates and fewer tax benefits. When filing jointly, both spouses combine their income and deductions, potentially resulting in lower tax rates and more tax benefits.


What are the tax implications if you file married but separate?

Filing taxes as married but separately means each spouse reports their own income and is responsible for their own taxes. This filing status may result in higher taxes compared to filing jointly, as some tax benefits are not available. It's important to consider the specific financial situation before choosing this option.


What are the differences between filing taxes as married filing jointly or separately on a W4 form?

When filing taxes as married filing jointly, both spouses combine their income and deductions on one tax return. This can result in lower tax rates and higher deductions. When filing separately, each spouse files their own tax return, which may result in higher tax rates and fewer deductions.

Related Questions

Is it a requirement to list your house as an asset when filing for chapter 7 if there is no equity in it?

When filing for bankruptcy, you must list any assets you own regardless of their value.


What is the best storage building to own?

"There are many great storage buildings to own. It really depends on which area you are looking in, how big of a storage unit you need and what price range you are looking for."


When can you legally be locked out if your self storage unit in MO?

You can be locked out of your own unit the same day that you are late for payment.


Can you own your own business while going through bankruptcy?

Depends on the type of bankruptcy you are filing. Generally a personal bankruptcy does not effect your business, and vise versa. However, if your business is filing bankruptcy, a Chapter 11 reorganization will allow you to stay in business.


Can you get items out of a storage unit scheduled for auction?

Generally, no. The storage company has a contract. The terms of that contract include the right of the storage company to put a lien on all the items within the storage unit, in the case of unpaid bills; to prevent items from being removed before the lien is satisfied at auction, the storage company places their own locks on the unit.


How much is it monthly for moving storage?

The cost depends on the size of storage you choose and the company that you choose. The prices are around $75 to $100 plus for a good siz storage unit. If you decide to have a heated unit then the costs will be higher but most people do not use that option as it is a luxury. The monthly cost for a storage unit will vary depending on the size of the unit and the facility. Most storage facilities are idividually owned and set there own prices.


Where may one find building plans for a wood filing cabinet?

Building your own filing cabinet is a great way to save money instead of buying your own. You can go to the website www.globalindustrial.com/c/storage/file-cabinets/blue-print to find out about these blueprints.


Making Storage Work For You ?

Finding out where to store all of your things can be extremely difficult. Luckily, there are many different options for storage: storage containers, storage shelves, and storage units. When you are looking for a storage unit, look for one that meets all of your needs. Ideally, your storage unit should be close to your house and should enable you to move things in and out easily. It should also be in a secure location and a good neighborhood with low crime ratings. If you're not ready to invest in a storage unit yet, you should look for storage within your own home.


If you own a s corporation will you lose your house and car when filing chapter 7?

If it is the S corp going BK it does not effect your personal assets, except to the amount you own in the S corp or co-signed loans for it.


Do you need a business license in Michigan for a storage unit?

In Michigan, whether you need a business license for a storage unit depends on how you operate the facility. If you own and operate a storage unit business, you typically need to obtain a business license and possibly other permits at the local level. However, if you are renting out a single storage unit as a personal endeavor, you might not need a formal business license. It's always best to check with your local city or county regulations for specific requirements.


If three siblings jointly own property in Colorado can one file chapter 13 bankrupty?

Sure. That persons 1/3 interest in the property weill be included in the BK filing though.


How do you make money in storage units?

You can own a facility, getting paid to let people store stuff in a unit or locker. You want to get as many people moved into your units at as high of a price is possible. Also, you can win goods at a storage unit auction and then sell them for a higher price. This is more risky.