Question

MARY AND MARK FILE JOINTLY. MARYS OWN A FLORAL SHOP AS A SOLE PROPRIETOR. mARK IS...

MARY AND MARK FILE JOINTLY. MARYS OWN A FLORAL SHOP AS A SOLE PROPRIETOR. mARK IS AN EMPLOYEE OF A MANUFACTURER. WHOSE NAME SHOULD BE ENTERED I THE HEADING OF SCHEDULE C FOR THE FLORAL SHOP BOTH MARK AND MARY MAME BECAUSE OF JOINT RETURN MARK NAME BECAUSE NAME IS ON COUPLE FORM 1040 MARYS NAME BECAUSE STORE OWNER ONLY THE NAME OF THE STORE

Homework Answers

Answer #1

Filing a joint return with spouse means that both are reporting all of their income and deductions on the same tax return.

If mary has a business as a sole-proprietorship (meaning she is self-employed), then all of her income and expenses will be reported on Schedule C and then the overall income or loss will be included on joint return with her husband mark

It's not important whose name goes first – at least not to the government

When Mary and Mark file their first tax return together, decide whose name should go first and then stick with it per the IRS 1040 instructions

"If they filed a joint return for 2016 and they are filing a joint return for 2017 with the same spouse, be sure to enter their names and SSNs in the same order as on their 2016 return

It's not important whose name goes first – at least

not to the government

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