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Any Accountants here - I have a tax question

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TheLorax
LOVE

Member since 2/06

5581 total posts

Name:
Suzanne / SuzBride

Any Accountants here - I have a tax question

So last year was my first married year, so my question is - do I need to file WITH my DH? DH and his dad own their own business, so they always get an extension for their taxes and it is always a big ordeal, so I really don't want to file with him! Chat Icon

Is there any way for me to file without waiting for him? Chat Icon

Posted 1/29/07 1:29 PM
 
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DDB336
LIF Toddler

Member since 8/05

421 total posts

Name:
Diana

Re: Any Accountants here - I have a tax question

yes, you just have to check "married filing seperately" on each of your 1040's

Posted 1/29/07 1:33 PM
 

TheLorax
LOVE

Member since 2/06

5581 total posts

Name:
Suzanne / SuzBride

Re: Any Accountants here - I have a tax question

Posted by DDB336

yes, you just have to check "married filing seperately" on each of your 1040's



oh yey!

Thanks, you just made my day! Chat Icon

Posted 1/29/07 1:36 PM
 

jennandrob
mom of two!

Member since 5/05

4368 total posts

Name:
Jenn

Re: Any Accountants here - I have a tax question

I was actually wondering that too!!

Thank you!!

Posted 1/29/07 1:39 PM
 

Beth
The Key to your new home....

Member since 2/06

24849 total posts

Name:
Beth

Re: Any Accountants here - I have a tax question

but if you do that - then you are aren't filling jointly- and for us it made more sense from a tax paying point of view to fill jointly

Jake is 1099- so he always files an extension also- so this year I have to file one too- but it worked out b/c he owes less b/c of my refund

but this year he promised me we could file on time

Posted 1/29/07 1:41 PM
 

Michelle
My Little Yankee Fans

Member since 1/06

4018 total posts

Name:

Re: Any Accountants here - I have a tax question

You can file married filing seperate, but it is not always better to do this, you lose out on some credits this way.

Posted 1/29/07 2:55 PM
 

pinkandblue
Our family is complete, maybe

Member since 9/05

32436 total posts

Name:
Stephanie

Re: Any Accountants here - I have a tax question

Posted by Michelle

You can file married filing seperate, but it is not always better to do this, you lose out on some credits this way.



Yes, I am planning on doing married filing separate and married filing joint and seeing what the difference is before we actually file the return

Posted 1/29/07 3:14 PM
 

Beth
The Key to your new home....

Member since 2/06

24849 total posts

Name:
Beth

Re: Any Accountants here - I have a tax question

Posted by stephanief

Posted by Michelle

You can file married filing seperate, but it is not always better to do this, you lose out on some credits this way.



Yes, I am planning on doing married filing separate and married filing joint and seeing what the difference is before we actually file the return



we had our accountant do both ways- jointly worked better for us- well for Jake- he owed less this way

and it's all our money- so the less he owed the better for both of us

Posted 1/29/07 3:16 PM
 

CookiePuss
Cake from Outer Space!

Member since 5/05

14021 total posts

Name:

Re: Any Accountants here - I have a tax question

Posted by TheLorax

Posted by DDB336

yes, you just have to check "married filing seperately" on each of your 1040's



oh yey!

Thanks, you just made my day! Chat Icon



That may not be the best option for you. If your DH itemizes then you have to as well which may mean losing your standard deduction and visa versa. Also, MFS have much lower thresholds and lower phaseouts that may not be to your benefit.

Posted 1/29/07 3:19 PM
 

MrsS2005
Mom of 3

Member since 11/05

13118 total posts

Name:
B

Re: Any Accountants here - I have a tax question

Posted by DDB336

yes, you just have to check "married filing seperately" on each of your 1040's


99% of the time it's better to file married jointly than married separately. It will probably benefit you to just wait and file with him.

Posted 1/29/07 4:03 PM
 

salumunz
Chloe

Member since 1/06

1554 total posts

Name:
Patty

Re: Any Accountants here - I have a tax question

Posted by Beth1210

Posted by stephanief

Posted by Michelle

You can file married filing seperate, but it is not always better to do this, you lose out on some credits this way.



Yes, I am planning on doing married filing separate and married filing joint and seeing what the difference is before we actually file the return



we had our accountant do both ways- jointly worked better for us- well for Jake- he owed less this way

and it's all our money- so the less he owed the better for both of us



We did the same thing. Our accountant did it both ways and then we went with the way that saved us more money.

Posted 1/29/07 4:10 PM
 

jennandrob
mom of two!

Member since 5/05

4368 total posts

Name:
Jenn

Re: Any Accountants here - I have a tax question

Posted by salumunz

Posted by Beth1210

Posted by stephanief

Posted by Michelle

You can file married filing seperate, but it is not always better to do this, you lose out on some credits this way.



Yes, I am planning on doing married filing separate and married filing joint and seeing what the difference is before we actually file the return



we had our accountant do both ways- jointly worked better for us- well for Jake- he owed less this way

and it's all our money- so the less he owed the better for both of us



We did the same thing. Our accountant did it both ways and then we went with the way that saved us more money.



I guess I'll have my accountant do the same thing.

Posted 1/29/07 4:27 PM
 
 

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