No legal separation needed for head of household status

Article Abstract:

The Tax Court decided in 'Sharer,' TCM 1994-453, that a wife who has not been living with her husband for two years could avail of a head-of-household status even though no legal separation or divorce has been filed. The court also judged that she should not be taxed on the husband's share of community income. The case was filed by the IRS, which deemed the taxpayer unfit to file head-of-household status and to take advantage of child care credit because her marriage was still in effect during the year involved. However, the Tax Court explained that she is in fact unmarried for head of household purposes, as indicated by Sec. 7703(b). In addition, it found her eligible for child care credit, citing Sec. 21(e)(4) as support. Lastly, the Tax Court relied on 'Mitchell' to prove that the woman is not required to pay community property tax.

Taxation, Cases, Married people, Property taxes, Unmarried couples, Property tax, Households, Child care tax credits

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Concentration without differentiation: a new look at the determinants of audit market concentration

Article Abstract:

A model of undifferentiated price competition is shown to forecast audit market concentration in the US. Variables influencing the market shares of audit companies were examined. These include contracting practices, client size distributions and variations in auditor productivity. The model does not need quality differences nor economies of scale for larger firms to explain audit market concentration.

Pricing Policy, Models, Competition (Economics), Pricing, Prices

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