unemployed for 2 years i have a 1099 for 1300 wife works so she has w2s i dont what so how we file ... joint?

Question

unemployed for 2 years made it for taxes last year this year only have a 1099 for 1300 or so. what to do? file joint or what i have no w2s . wife works so what options are best for this situiation went from 36000 income to almost zero what will irs do any help from this inquire is appreciated or should i go talk to h&r block or somebody havent asked them yet
thank you please read between lines as puntuation and spelling not so good

Answer 1

If you are married, you should file joint. The IRS doesn't "do" anything if you are not making any money. They strictly want you to pay taxes on what you earn.

Be honest and file on time. You can certainly use a tax preparerer, but if you don't have many complicated issues it is faster, easier and cheaper to do it yourself. If you know someone that has Turbotax or another computer based preparation program, you could ask them to run the numbers for you as well.

Do some research on your own, but make it quick -- the deadline to file is April 17th.

Answer 2

Filing truthfully is filing correctly go to a tax pro if you go to HR Block they can fill out and show you if Married Filing joint or Married Filing Seperate is better way to file. On 1099 income you have to pay self employment tax on any gains so gather up your expenses catergorized them then total being this with you along with your 1099 and w2's.

When you call and make your appointment let them know you have 1099 income and are filing a schedule C for the first time can you talk with a tax pro to find out what you need to bring.

Answer 3

Filing joint will almost certainly be better taxwise for you than filing separately.

You'll show her W-2's as usual on a 1040, then include a schedule C or more likely C-EZ for your 1099 income and any related eligible expenses, and a schedule SE to calculate self-employment taxes which is for social security and medicare. The numbers from the bottom of the two schedules will transfer to your 1040.

Answer 4

Although H&R block is not cheap, I urge you to go to a tax preparer. You'll end up saving money in the long run. It's clear you don't know anything about how to prepare a tax return, and it can be especially tricky if you've received a 1099 and have some kind of business with expenses, etc. You'll probably get a nice refund.

I have over 20 years experience as a tax preparer, and I've seen the kind of mistakes people make trying to prepare their own returns without any training. People almost always cheat themselves rather than the other way around. Pay to have it done right!

Answer 5

is there any hidden secrets and techniques coping with money? Is there debt which you're battling and if there is you are able to desire to have her secrets and techniques and yours prematurely. Spill all the beans and lay all the finance stuff on the table. which could tire out a marriage very immediately. Have an exceedingly stable communicate along with her on the variety you experience in regards to the debt and have some sort of a plan or imaginative and prescient for the destiny, (childrens, trip, living house,) some thing to save as much as mutually and have a purpose. yet once you're surrounded through credit debt or limitless charges and it incredibly is all as much as basically considered one of you, that runs up a brilliant toll on your marriage. If after that communicate (with out anger however the desire to alter it to valuable end) she nonetheless desires to duck out, then detect a lawyer, and split the debt and start up up back. residing in denial financially is terrible, as one in many situations has to handle all the strain and the different gets the trip. Do it quickly, as no longer understanding is so frustrating.