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Husband and Wife to 2 Individuals as Joints Form

Husband and Wife to 2 Individuals as Joints Form

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[Music] hi i'm the tax geek and this is your taxes oversimplified today it's the great debate married filing joint versus married filing separate first of all let's go over the tax law as it exists for married people the irs considers you to be married if you possess a valid marriage license in certain states you can also be considered married under common law contrary to popular myth if a man and woman live together for more than seven years they are not considered married under the common law in most states that recognize common law marriage a man and a woman must openly cohabitate and present themselves to the world as a married couple in any case your marital status for the year is determined by your marital status as of the last day of the year get married on new year's eve you are considered to be married for the entire year now once you possess a marriage license or are considered married under the common law you must file as a married person as l

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