When you sign on to be a celebrity you expect to have your life broadcast around the world. Fill in the blank celebrity "is in court" or "in jail" or "caught cheating" blasts across the internet and tabloids everywhere and everyday.
We know you read them! We know that you have stood in line at the grocery store for too much time because you were catching up on all of the latest gossip.
Have you ever wondered how the gossip you were perusing may affect that individuals tax status?
Anyone wondering, what will Kim Kardashian's filing status be??? We were! So we asked our blogger David Rocci to clear things up for us, Anyone wondering, what will Kim Kardashian's filing status be??? We were! So we asked our blogger David Rocci to clear things up for us, Kim Kardashian has filed for divorce from Kris Humphries after only 72 days! Are you kidding me? Seventy-two days is all you could take.
Apparently, Kim's mother, Kris Jenner doesn't even know why her daughter ended the relationship.
So, how does Kim file? Does she file single, head of house, or married?
Kim's filing status in 2011 even though started single and ended single with a brief married stint for about a quarter, depends on her martial status on the last day of the year. If she happens to remarry this year or if the divorce doesn't become final then she will have a choice of filing which gives her the lowest tax obligation.
The single filing status generally applies to anyone who is unmarried, divorced or legally separated according to state law. Kim, my friend, you are almost there! I wonder if she will be able to find a possible second husband?
Her personal blog is plea for understanding. "I married for love," she writes. "I can't believe I even have to defend this."
Actually, Kim, you don't have to defend it. You can let it die in the media as opposed to responding, but when you signed on to be a famous celebrity, with the money came the cameras. Embrace and enjoy!
She continues, "I want a family and babies and a real life so badly that maybe I rushed in to something too soon. I got caught up with the hoopla and filming of the TV show that when I probably should have ended my relationship, I didn't know how to and didn't want to disappoint a lot of people."
From a tax standpoint, a married couple may file a joint return together (married filing jointly). If the spouse died during the year and you didn't remarry, you may still file a joint return for that year. Also, a married couple may elect to file their returns separately.
Another term that is used for a filing status is Head of Household. This applies to taxpayers who are unmarried and you must also have paid more than half the cost of maintaining a home for you and a qualifying person to qualify for this status.
Kim-we want to make this offer to you. We know that you are going through a very traumatic time in your life. The last thing you will want to worry about is your taxes. With that, we are offering our condolences to you with a complimentary offer for your tax preparation. You can visit our offices or give us a call at anytime and we will be happy to service your needs!
Disclaimer: Every effort has been taken to provide the most accurate and honest analysis of the tax information provided in this blog. Please use your discretion before making any decisions based on the information provided. This blog is not intended to be a substitute for seeking professional tax advice based on your individual needs.