I know taxes are not high on the list of most romantic subjects, but when you and your sweetie are thinking about tying the knot you should definitely consider the tax consequences. So, be sure to add tax planning to your wedding to do list. 

I have found that many taxpayers do not realize that when you get married, (no matter what date) you are now required to file a married return. I know there are tax preparers out there that will tell you otherwise but I am not one of those. The tax code says a taxpayer’s marital status on the last day of the year determines their filing status for the entire year. Therefore, whether you get married in June or December, you still have to file a married tax return for that tax year. (The same holds true if you get a divorce.) Remember your filing status for tax purposes is determined by your marital status on the last day of the year.

We at By The Book Accounting we do your taxes the legal way. If you want your taxes done “right” give us a call. All others need not apply.