Purchase Solution

Constraints on filing joint tax returns with foreign income

Not what you're looking for?

Ask Custom Question

DeWayne is a U.S. citizen and resident. He spends much of each year in the United Kingdom on business. He is married to Petula, a U.K. citizen and resident of London.

DeWayne has heard that it is possible that he can file a joint income tax return for U.S. purposes. If this is so, what are the constraints he should consider in making any such decision?

Purchase this Solution

Solution Summary

The solution explains the options available to DeWayne and Petula including including possible consequences.

Solution Preview

DeWayne has the choice of filing jointly or separately in the US. If both spouses elect to file jointly in the US, then both will report their worldwide income on the US tax return. That will include her separate UK income. It is an election on a year by year basis, and can be changed in any subsequent year.

There may be a cost ...

Purchase this Solution


Free BrainMass Quizzes
Production and cost theory

Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.

Cost Concepts: Analyzing Costs in Managerial Accounting

This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.

Understanding Management

This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.

Accounting: Statement of Cash flows

This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.

Social Media: Pinterest

This quiz introduces basic concepts of Pinterest social media