Timothy Sumer

Are you torn between filing jointly with your spouse or separately? This video should help you make that decision. If you find that your refund is being taken by the IRS because your spouse has back debts, this video also tells you how can get the refund that is coming to you as an "injured spouse." Here is a rundown of all the filing statuses: Resources: IRS Publication 17: "Your Federal Income Tax" IRS Form 8379: "Injured Spouse Allocation" IRS Publication 555: "Community Property": "Which States Recognize Common Law Marriage?" nolo.com The Tax Geek on Twitter: @taxgeekusa The Tax Geek on Reddit: www.reddit.com/r/askatasgeek Intro and background music: "Bluesy Vibes" - Doug Maxwell - YouTube Audio Library DISCLAIMER: This video is for educational and informational purposes only. It is not intended to render tax advice for any specific situation. It you have questions about your specific situation, ...

Getting married? Already Married? One question people often have is should they file taxes joint or separate from spouse? This is because combining finances as a married couple can be both exciting and intimidating. In this video we break down the differences between the married filing jointly (MFJ) and married filing separately (MFS) filing status so you can decide which might be best for you. The IRS actually prefers MFJ tax returns. There are tax credits that married filing jointly taxpayers are eligible for that married filing separately couples don’t get to claim. The tax credits that married filing separately taxpayers lose are: Earned Income Tax Credit Child Tax Credit Dependent Care Tax Credit Education Tax Credits So while most people choose the standard MFJ route, there are a few instances when filing taxes MFS makes sense. To that end, we discuss three instances in which you may absolutely NOT want to file a joint tax return! And what if you filed tax...