Question for Tom Copeland…Personal & Business tax ?

[frugalmama4]

Hello Tom,

Thanks again for all you do for us providers :)

Question-

Last year (2012) was the first year I was in business and filed taxes for the business and also the first year my husband and I filed together. Would it be a big deal/issue if we file separate this tax year? Are we allow to go back and fourth between the too?

We have four kids- 1yr, 5yr-8yr-11yr
Live in Texas-
Own a house together-

Thanks for any advice

[TomCopeland]

In almost every situation you are better off filing jointly. You can switch back and forth between filing separately and jointly from year to year.

Join me for a webinar “2012 Tax Changes: How to Avoid Mistakes on Your Tax Return” Tuesday, February 12th at 8:30-10:00pm Eastern Time. The cost is $25 (100% tax deductible!). To register: http://events.r20.constantcontact.com/register/event?oeidk=a07e6vcrqstfc2c8437&llr=yatrx4cab

[frugalmama4]

Thanks Tom...

Enjoy the rest of your day...and have a Bless weekend!