Thursday, July 29, 2010

If filing married and jointly, do you have to count your spouse's income if under 5,000?

My husband just started a new job and will not make more than $4500 or so before the end of the year. Do we have to count his income when we file our taxes together? I used a tax calculator and it looks like we would get a bigger refund if we didn't count his income.If filing married and jointly, do you have to count your spouse's income if under 5,000?
Of course you must count it. And of course you would get a bigger refund without it. Don't commit tax fraud. And if he is issued a W-2 or a 1099, the IRS knows about his income anyway, you can't hide it.If filing married and jointly, do you have to count your spouse's income if under 5,000?
Of course you have to report the income he makes, you will report the combine income. If you don't report the all the income IRS will then send you an underreported (CP2000) notice. and then you will owe IRS plus interest and penalties.
if he makes $1.79, you have to include it - all income is includeable. Of course you would get a bigger refund, because you are ignoring the taxes on his income and you can't IGNORE his income!
Yes, you have to include it.





Technically, if your income puts you over the filing requirement and he only earned $1.00, you would have to include that $1.00 on the return.






Well, yes of course you have to count his income. And of course you'd get more if you didn't have to - you wouldn't be paying tax on what he makes. But you DO have to report it.
If you file joint return, you must also report income of your spouse even if it is a small amount.


Read http://taxipay.blogspot.com/2008/02/fili鈥?/a>
You have to report all income you both have unless you choose to file separate returns, which is usually not advantageous.
i'm disabled and make 745 dollars a month and i have to report mine.

No comments:

Post a Comment