From Married Filing Separately to Filing Jointly?
365013
Simply stated, it is very rare that there is a benefit from filing separately. More than likely the two have you should have filed jointly a long time ago. There are no implications except that you will likely save money.
38741
None.  You're you allowed to exempt up to 250k of the gain from taxes, if you're filing single or seperately.  And 500k if you're married filing jointly.
371862
I use Turbo Tax every year.\nI do both our taxes separately and then I do them jointly.\n Whichever way works out best for us is the return I submit.
764245
If you are referring to your W-4 form that you fill out and return to your employer, they are called "withholding allowances", and like most other said, you should be VERY safe claiming 3...one for each person you support including yourself.  You should also enter "Married".\n\nHowever, doing the simple worksheet attached to the form is a wonderful idea.  It will probably have you claim more like 5 or 6.  Why?  Well, depending on your income, you could get certain credits which lower your tax liability.  If you want more now and less when you file your return, you may want to choose a higher withholding allowance.  If you don't need the money now and want a higher refund, choose 3.
695031
My husband and I both have our own separate savings and checking acct as well as one joint acct we both contribute money to as we're both employed.  All the household bills and mortgage payments are taken out of the joint acct.  Personal spending is taken out of our own accts.\n\nThe reason ours is set up this way is because my husband is the bigger spender between us two and we want to have emergency money for "just in case" as u never know if something will come up.  This was an agreed upon arrangement prior to getting married.
428723
If you are a single individual this is simple.\n\nYou may find someone in your company's personnel or payroll office that can advise you, but if your situation is unusual you should see a tax preparer or IRS adviser. \n\nIf you are a single person with no dependents claim Single and 1. If you do this you will have no significant refund or added tax to pay with next year's tax return. If this applies to you, you do not have to read any further.\n\nDo you want to use your withholding tax as a savings account? - only a strategy for those who can't save. If so, claim your actual status and fewer than allowed exemptions, for example, S-0, Single and zero.\n\nIf not, then take one exemption for each person that will be included on your tax return as a dependent, and one each for you and your spouse. \n\nIn addition, if you own a home with a significant mortgage, which when combined with state taxes, real estate taxes, personal property taxes, charitable contributions, and other itemized deductions will exceed the standard deduction, you may want to add an additional exemption to your W-4.  \n\nThe exemption allowance for 2006 is $3300 and the standard deduction is $5150 for Single and Married Filing Separately, $7550 for Head of Household, and $10300 for married Filing Jointly.\n\nSo if you're a married person with two children, a wife, who does not work outside the home, and you have a mortgage and other itemized deductions totalling more than $13,600 ($10,300 + $3,300) you are permitted to claim  Married and 5. [Spouses (2) Children (2) and deductible expenses exceeding the standard deduction (1)]\n\nThis strategy may only be used by one spouse of a married couple when they both work. They should also adjust their withholding when their combined earnings will place them in a tax bracket that charges a higher tax rate than either of their individual tax brackets would.
60883
There are situations when filing separately makes sense. But generally, filing jointly usually results in the lowest overall tax liability.\n\nIt makes sense to file separately when:\n\n* You are unofficially separated and don't want or cannot share financial information.\n* You think your spouse in cheating on taxes.\n* You are cheating on your taxes.\n* One person owes a lot, but you would have a refund.\n* One person has tax troubles (back taxes, tax debts, payroll problems).\n* You just don't trust each other.\n\nThat being said, filing separately requires sharing complete and total details about taxes with each other. So if you are NOT good at sharing financial information, get divorced so each of you can file as single people. (I call this getting a tax divorce... it happens more often than you think.)\n\nWilliam Perez\ntaxes.about.com
42860
consult http://www.irs.gov\nIt depends on your income level. Likely you'll use the 1040 form if you're just filing personal income taxes.
691022
Find an attorney.\n\nIf it's a simple divorce with no division of property, alimony or custody/child support issues, you can find forms on the internet and file yourself.  This option requires a lot more work on your part but it's cheaper.
246277
Either go to a lawyer or there are some really good software programs that lead you through it step by step.  Unless you are ROLLING in money, it is easy enough to do yourself.
374644
I really sujest that you seek the advice of a tax attorney rather than a CPA on this one; asthis goes a little further than just taxes.\n\nOn the durface though, it seems simply that you can each take  turns claiming the child on a semi annual basis.  It would be in your best interest to get this in writing in your divorce decree and spell out the terms of the agreement.  On the years where the other party is claiming the child but you are still payaing 50% of the expenses, then there is not much you can do about that.  You don't want to report it as income to the other party, as this will reduce the tax benefits of your child, and inturn do the same to you.  In which case, then why go through this thing at all?\n\nHope this helps a little?\nGood Luck
123544
If you are married, you should file as married. It is not a garauntee you will get a huge return whether you file single or married. Depends on your income and how many deductions you have and /or any dependants that you claim. If you and your spouses income is not over a certain amount combined , I think the limit is $80,000, thats together, I think you should still get a good return if you file together. Hope for a big return for you. Make sure a professional does your taxes this year since you are newly married. Go over the return after the process, and next year you should be able to see what to do and what not to do, you can do them on your on if you like.
123026
The exemption if you are married filing a joint return is $500,000, if you're single its $250,000.  You had to have lived in it for 2 out of 5 years that you owned it to claim the exemption.  Look at IRS Publication 523 for information on selling your home.
173657
You don't need any special tax forms now that you are married.  You can use the regular form for you and your husband.  I recommend that you fill out a 1040 form filing jointly, and then one for you and one for your husband filing seperately.  Then send in the version that gives the two of you the lowest tax or greatest refund.
376188
You would file in both states providing you earned money in both states. It is called a part year resident. You use the W-2s from each state to file, not using your total amount earned.
77544
You can only file, this years and 2 previous years. I prepare taxes for low income families in my community. So i know what im saying. Im actually taiking courses every saturday with an irs agent as the instructor. I've done this for the past 2 years.
1162754
He should file now and you two start out fresh.  Keep separate accounts for now and both try to build up credit.  My husband had debt from previous marriage and it will effect you also.  Anything that shows up on his credit will affect you when you try to buy a house or both signatures are needed to make a big purchase such as a car.  Doesn't matter when it occurred.  I had to pay off my husbands utility bill from a previous marriage before the electricity could be turned on in our new place.