Question

1.) Roy(39) is a US citizen. He was married at the beginning of 2019. His wife lived in the household until august. Their divorce was finalized on Sept 30, and roy has not remarried. Roy provided 100% of support for his son, who lived with him all year and is his qualifying child. Roy's most advantageous filling status is?

A. Head of household.

B. Married filing seperate

C. Married filling joint

D. Single.

Question 56 of 75. Carlie (28) is the beneficiary of her deceased grandmother's traditional IRA. She received a Form 1099-R reporting the $10,000 gross distribution. The form had a distribution code "4" in box 7, indicating that the distribution is due to death. What is the tax consequence of this distribution? The entire amount is tax-free and penalty-free. The only tax to which Carlie is subject is the 10% additional tax on early distributions. o The gross distribution is taxable income, but Carlie may claim an exemption from the 10% additional tax on early distributions. The gross distribution is taxable income, and in addition, Carlie is subject to a 10% additional tax on early distributions.

Answer 1

FEDERAL TAX FILLING STATUS

QUESTION :[ 1 ] FILLING STATUS FOR DIVORCED CITIZEN HAVING A DEPENDENT QUALIFIED CHILD.   

ANSWER : [A] - HEAD OF HOUSE HOLD

Explanation : You will be eligible for the status HEAD OF HOUSEHOLD if you were unmarried or considered to be unmarried since the last day of tax year. And you have been taking care of child who is dependent and who is live with you for more than six months. Also you have been taking care of the child and pay more than half the cost of residence.

In the above given situation, Roy a US citizen, legally seperated having a qualified son, and his wife was not with hime since last day of tax year and Roy has taken care of his son and giving 100% support , who lived with him full year , is qualified to fill his status under HEAD OF HOUSEHOLD.

Incorrect option : [b] - Married filling seperately

You and your wife can fill seperately, even if you're married. A married couple can fill seperately , because:

• One spouse wants to file and other doesn't need.
• One spouse suspects that joint return might not be accurate.
• One spouse owes taxes and other gets refund etc.

Incorrect option : [c] - Married filling jointly

You can select filing joint status if you're married, it includes the income and deductions on one return. You and your spouse have to sign it jointly.

Incorrect option : [d] - Single

Single status is used by the person who is unmarried on the last day of tax year. Or otherwise your spouse is not with you on last day of tax year, and you have no dependent child, or atleast the child is not qualified for more advantageous head of house hold.