Overall I paid in more than 50% in taxes.
Overall I paid in more than 20% but less than 50%.
Overall I paid less than 20% but more than 10%.
Overall I paid less than 10% but more than 5%
Overall I paid less than 5% but more than 0%
Overal I didn't pay any taxes.
I am just guessing. I didn't calculate it. I could be lying.
I calculated it my answer. My answer is true.
Under the scenario you cite only one person would be eligible for Head of Household filing status. On of the requirements for HOH is that the individual pays more than half the cost of maintaining the home. If two people are living in the home then only one can possibly meet that test. The other would have to file as single.
Do people do it? Yep.
Does the IRS check on it? Occasionally.
To be legal about it, the higher income person would probably file head of household thus both kids. The lower income person would probably file single and no kids.
If you were paying me to do your tax return wouldn't you prefer that I spent my time working on your stuff to the best of my ability instead of working on my own stuff and just jamming yours together?
Last edited by vasuderatorrent; 04-16-14 at 05:28 PM.
I got a refund, which will be going towards a new Army Service Uniform so that I can take a respectable DA Photo for my Warrant Officer packet.
"Men did not love Rome because she was great. She was great because they had loved her." -- G.K. Chesterton
My tax season starts in November with getting my corporate clients squared away. Beginning in January I've got 4th Quarter payroll reports that have to go out, 1099's that need to get filed and finalization of corporate financial statements. Corporate returns are due March 15th and get mixed in with individuals who need to file early so they can get the information they need for their kids FAFSA applications. That basically leaves me 4 weeks to get the bulk of the individual returns done. Interspersed with all of that is answering correspondence from the IRS and state tax agencies as well as at least one person who comes in with an audit issue. You also have to keep in mind that whatever Congress changed in Nov and Dec means that both the IRS and the software companies have to get those changes into the system so filing ANY return before the middle of February is pretty much a shot in the dark....if it's even possible.
As far as the complexity of my return...well, I've got two corporate returns that need to be done before I can do my personal which isn't really complicated but it sure is time consuming.
Luckily we only have to file one return - the one for Uncle Sam. God bless New Hampshire, the Live Free or Die state. No income taxes here.