A friend that used to be an accountant told us several years ago we needed to file 2 mostly identical 1040s, one in Her name with me as the spouse, and 1 in my name with her as the spouse. All the numbers would be the same, just the names reversed. Do I still need to do that?
2007-04-11 14:53:30 · 6 answers · asked by Capt Crasher 6 in Business & Finance ➔ Taxes ➔ United States
if married filing joint, you will only need one 1040. The reason she told you to file two, 1040 was because there was more benefit to one spouse if filing single than there was filing joint. That was then. The Tax laws have changed and they favor married filing joint. File one 1040. The standard deduction will be greater. If you have kids, then you will get a bigger refund coz of additional exemptions.
2007-04-11 15:33:57 · answer #1 · answered by emulwa 2 · 0⤊ 1⤋
I see why the friend "used to be" an accountant. No, that's not how it's done, and wasn't several years ago either. For a joint return, you fill out ONE 1040, with your combined information.
2007-04-11 15:12:12 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Maybe thats why your friend "used to be an accountant". Filing jointly simply means you are combining your income "jointly" on ONE return.
2007-04-11 15:07:01 · answer #3 · answered by canham74 2 · 0⤊ 0⤋
absolutely not
in fact, 2 forms would cause all sorts of confusion with the IRS
use one form, select the Married, filing jointly option and follow the instructions
2007-04-11 14:59:41 · answer #4 · answered by MWMAMA 3 · 1⤊ 0⤋
you have report type type 1040X and any new attachments alongside with time table A. you will have 3 years to acquire a reimbursement yet you ought to continuously report type 1040X. do no longer forget that submitting 1040X will improve your hazard of audit and extends the statute of obstacles (time they could evaluate your return). you do no longer deliver yet another type 1040 yet you are going to be able to could fill out a type 1040 as a worksheet to be certain what your new taxes owed and refund may well be. you may circulate the determine from this new 1040 worksheet onto column B of type 1040x in case you do integrate your earnings you furthermore might integrate taxes paid and refunds gained to be certain in case you may pay or get lower back greater. I think of you may in ordinary terms amend your return in case you may get lower back. do no longer forget that in case you had filed joint you does not have the potential to alter to split. yet luckily you desire to circulate from separate to joint.
2016-12-20 12:12:42 · answer #5 · answered by ? 4 · 0⤊ 0⤋
filing jointly means just that, you file jointly on one form,,
2007-04-11 14:59:30 · answer #6 · answered by Jo Blo 6 · 0⤊ 0⤋