How long do I
keep my records and tax returns?
You should keep your records and tax returns for at least 3
years* from the date the return was filed or
the date the return was required to be filed (by Extension),
whichever is later. It is recommended that you keep these
records longer if possible. * A longer
retention period may be suggested if you have filed
certain forms. Check with us when we prepare your
returns for a full explanation.
How does
getting married affect my taxes?
When you get married you will have the option of filing a
joint tax return or married filing separate. In this case of
a joint return, the one return will report the income and
deductions of both spouses. The IRS has eliminated most cases
where you would have saved taxes by remaining single. You
also have the option to file as married filing separately,
but in most cases this will increase your taxes.
Do I have to file a
joint return with my
spouse?
No, you can file either as married filing joint or married
filing separate. If you file separately your taxes will most
likely be higher. Many credits—such as earned income,
education (Hope and lifetime learning), and child
care—are not allowed when you file separately.