CheckM8 Filing Tax Status

Tax Filing Status Guide: Single, Head of Household and Joint

by Tax Tips

There are three types of Tax Filing Status – Single, Head of Household, and Joint. Which one you choose depends on your situation. 

In this blog post, we will go over each type and help you decide which is the best for you. Keep in mind that these are general guidelines – please consult CheckM8 Tax & Financial Services if you have any specific questions!

Single

Single Tax Filing Status is for unmarried taxpayers who do not have any dependents. It is the simplest Tax Filing Status to file and is best for those with a single income. You are eligible to file as Single if you’re unmarried on December 31st of the tax year or divorced or legally separated from your spouse. You can also file as a Single if you are a widow/widower and have not remarried.

CheckM8 Filing Tax Status

Head of Household

Head of Household Status is for unmarried taxpayers who have one or more qualifying dependents. This status offers more tax breaks than Single Filing, so it’s a good option if you have children or other qualifying dependents. You are eligible to file as Head of Household if you were unmarried on December 31st of the tax year or divorced or legally separated from your spouse. You can also file as Head of Household if you are a widow/widower and have not remarried.

head of household

Joint

Joint Status is for married couples filing jointly. This status offers the most tax breaks, so it’s generally the best choice if you’re married. Keep in mind that both spouses must report their income and deductions on the return – joint filing is not available to separated or divorced. You are eligible to file as Joint if you were married on December 31st of the tax year.

CheckM8 Tax Joint

There are special cases where you may need to file as something other than your Tax Filing Status. For example, if you’re a non-resident alien or dual-status alien, you’ll need to use a different Filing Tax Status. CheckM8 Tax & Financial Services can help you determine which status is best for your specific situation.

We hope this blog post has helped understand the different Tax Filing Statuses. If you have any questions, please don’t hesitate to contact CheckM8 Tax & Financial Services through customerservice@checkm8tax.com or visit our office at Cerritos or Los Angles Branch- we’re here to help!

Maximum Tax Refund from a Good Tax Consultancy Firm

Tax Consultancy Firm that Guarantee’s Maximum Refund

by BUSINESS

If you are living in California, and want to get the most out of your taxes, then it is important that you find a good tax consultancy firm near you.

A good tax consultancy firm makes it possible for you to get the maximum return on your business and personal taxes. This will ensure more money in your pocket for business growth or to enjoy life with friends and family. Here are some qualities of a good tax consultancy firm:

Qualitative research and analysis:

They will have a team of professionals, which are well-educated in the latest tax laws and changes. They will do a broad analysis of your finances and business.  Every possible deduction that you qualify for will also be cross-checked by these experts. This can save you hundreds or even thousands of dollars on your taxes.

Personalized service:

Every business is different, so it is important that you work with a tax consultancy firm that understands your business and provides you with personalized service. They will work with you to create a tax plan that is specific to your business and meets all of the legal requirements.

Up-to-date knowledge:

There is always something new in tax news & laws that we can all check out in irs.gov but it is also important that tax consultants are always stay up-to-date on the latest changes in the tax laws. This ensures that they are able to provide their clients with accurate advice and maximize their refund.

Certified accountants:

They will employ and provide you with certified and professional accountants. These experts have completed training programs specific to business taxes. Their knowledge of business deduction guidelines is essential. This will help them find all available deductions on your business returns or individual income return so you can get a complete picture of where your money goes each month.

Comprehensive:

Lastly, they will provide you with a comprehensive review of your business and personal finances. This includes an evaluation of your current tax situation. They will also provide suggestions on how to improve it in the future.

A good tax consultancy firm will offer all the above qualities which business owners can rely on so that you can focus on your business growth and not worry about preparing taxes. If you are looking for a qualified and experienced tax consultancy firm in California then look no further than CheckM8 Tax. We have a wide range of services to offer both in Cerritos and Los Angeles branch.  We also have years of experience helping business owners and individual taxpayers get the most out of their taxes. Contact us today for a free consultation!

Maximum Tax Refund from a Good Tax Consultancy Firm