State or IRS Unfiled Tax Returns – What are the Benefits of Filing Head of household DWK Tax Group

Taxpayers basic understanding the IRS tax filing status options available is critical to protect monies from being unnecessarily taxed. Identify the and IRS tax liability correctly it’s the only way to protect yourself via a timely filed tax return
By: DWK Tax Group Admin
 
 
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US-WIDE, US-wide - March 30, 2013 - PRLog -- First of all let’s understand if you qualify to file IRS Head of Household (HOH).
A taxpayer may file as IRS head of household if he/she meets all of the following requirements:
1) Is unmarried or considered unmarried on the last day of the year.

2) Paid more than half the cost of keeping up a home for the year.

3) A qualifying person lived with the IRS taxpayer in the home for more than half the year (except for temporary absences, such as school). However, a dependent parent does not have to live with the taxpayer if the parent is in a rest home or home for the elderly.
Under various circumstances a married individual is considered unmarried for State and IRS tax purposes. A IRS taxpayer is considered unmarried if the taxpayer meets all of the following tests.
1) Files a State or IRS separate return.

2) Paid more than half the cost of keeping up a home for the year.

3) Did not live with a spouse for the last six months of the year.

4) The State or IRS taxpayer's home was the main home, for more than half the year, for the taxpayer's child whom can be claimed as a dependent by the taxpayer or the noncustodial parent.

If a spouse dies during the year, the surviving spouse is considered married for the whole year and can choose to file State and IRS married filing jointly.

The standard deduction amount for 2012 is $8700.00 vs. $5950.00 for single and married filing separately. The difference of $2750.00 in savings against your taxable income. Each additional child has a variable standard deduction amount, $950.00 for 2012 or dependents earned income plus $300.00 not to exceed the standard deduction.

Missing multiple years of State and IRS tax returns? Ready for conscious change? DWK Tax Group will square you away in 24 to 48 hours. Do not settle for the “band-aids” the competition wants to offer, when DWK Tax releases a State and IRS Wage Levy / State and IRS Wage garnishment, DWK release the pesky State or IRS levy with compliance, this is what makes us a special advocate for the everyday Joe or Shirley…Dial 1 – 8 6 6 – 2 2 6 – 6 1 0 2 for a realistic shot of removing the State and IRS tax debt / tax problem monkey off your back.
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Source:DWK Tax Group Admin
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Tags:Unfiled Tax Returns, Missing Tax Return, Hoh, Dwk Tax, Benefits Of Hoh
Industry:Consumer, Family
Location:US-wide - US-wide - United States
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Page Updated Last on: Apr 02, 2013
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