Video: Tax Filing Options

In this lesson, Nick Palazzolo, CPA, breaks down the various tax filing status options available and the conditions under which each is applicable. Dive into the intricacies of filing as single, married filing jointly, married filing separately, and more complicated statuses such as qualifying widower with dependent child, and head of household. Nick doesn't just list the options; he provides context on what they mean in layman's terms and delves into real-life implications and scenarios that could affect tax filings. He empathetically explains the rationale behind IRS rules, demystifying the tax code's complexities. Moreover, he outlines the substantial presence test that differentiates non-resident from resident aliens. With plenty of examples to reinforce the learning, this lesson is robust with details necessary to navigate the tax filing process competently.