Filing Status and Dependents

Tax Year:  2018
Prerequisites:  None

Course Description:

Filing status is one of the most important tax concepts to understand. Gone are the days when the majority of our client couples who come into the office are married filing jointly. Couples today could be living together and not married, they could be divorced or going through a divorce, or they could be same-sex married couples. Whether your clients have children also affects their filing status. By asking the right questions, you will be able to determine the right filing status for your clients and get the lowest legal tax liability for them.  

Topics in the course are supported by numerous illustrative examples and include:

  • review of filing status
  • impact of dependents on filing status
  • single-parent situations
  • same-sex married couple considerations
  • tax changes resulting from the Defense of Marriage Act (DOMA)

Learning Objectives:

Upon successful completion of this course, students will be able to:

  • identify the five filing statuses and the drawbacks and benefits of filing married separately
  • Recognize how filing status and dependency exemptions are impacted by the following situations:
    • children of divorced or separated parents
    • qualifying children of more than one parent
    • multiple support agreements
  • identify the tax credits and deductions that are available for various single-parent situations
  • recognize the impact of the recent Supreme Court rulings on the filing status of same-sex married couples at both federal and state levels

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