Unformatted text preview: not sure I complete understand how this works when there is a surviving spouse when it is tied to a corporation. There are many tax loop holes and this is where it gets confusing sometimes. One can take a credit, but is not allowed. One needs to do a lot of research when filing taxes on his or her own. If the widow does not know how to hand the tax return when it comes to the S corporation, he or she could not have an accurate tax return that would end up owning more money with penalties. When it comes to stocks and retirement with the company of the deceased spouse was working for or was an owner....
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This note was uploaded on 08/21/2011 for the course ACCT 412 taught by Professor D during the Summer '11 term at Lee.
- Summer '11