Dave and Anna live in Dallas. On a whim, they flew to Vegas on New Year’s Eve 2019 and got married by “Elvis” at the Little White Wedding Chapel on the Strip (legal in Nevada!). The thing is, by the time Elvis did the deed, it was 11:45 (15 minutes to midnight) in Vegas. But Texas is in an earlier time zone, so we stay-at-homes were well into 2020 by the time Elvis, 1,200 miles to the west, finished with Dave and Anna quickie marriage. Can Dave and Anna file a joint return for 2019? Or, because it was already 2020 here in their state of residency by the time they wed, do they have to wait to file jointly until their 2020 return? What’s your advice to them, and why?
Dave and Anna live in Dallas. On a whim, they flew to Vegas on New Year’s Eve 2019 and got married by “Elvis” at the Little White Wedding Chapel on the Strip (legal in Nevada!). The thing is, by the time Elvis did the deed, it was 11:45 (15 minutes to midnight) in Vegas. But Texas is in an earlier time zone, so we stay-at-homes were well into 2020 by the time Elvis, 1,200 miles to the west, finished with Dave and Anna quickie marriage. Can Dave and Anna file a joint return for 2019? Or, because it was already 2020 here in their state of residency by the time they wed, do they have to wait to file jointly until their 2020 return? What’s your advice to them, and why?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Dave and Anna live in Dallas. On a whim, they flew to Vegas on New Year’s Eve 2019 and got married by “Elvis” at the Little White Wedding Chapel on the Strip (legal in Nevada!). The thing is, by the time Elvis did the deed, it was 11:45 (15 minutes to midnight) in Vegas. But Texas is in an earlier time zone, so we stay-at-homes were well into 2020 by the time Elvis, 1,200 miles to the west, finished with Dave and Anna quickie marriage.
Can Dave and Anna file a joint return for 2019? Or, because it was already 2020 here in their state of residency by the time they wed, do they have to wait to file jointly until their 2020 return? What’s your advice to them, and why?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education