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Kyle, Whose Wife Died in December 2015, Filed a Joint

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Kyle, whose wife died in December 2015, filed a joint tax return for 2015. He did not remarry, but has continued to maintain his home in which his two dependent children live. What is Kyle's filing status in 2018?

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Definitions:

Ownership Percentage

The share of a company or property owned by an individual or entity, often expressed as a portion of 100%.

Direct Combination Costs

Expenses directly associated with the process of merging two or more companies, such as legal fees, advisory services, and administrative expenses.

Contingent Consideration

A future payment in a business acquisition that is dependent on specific conditions being met, often related to the target company's performance.

Bargain Purchase

A transaction in which a company acquires assets or another company for a price significantly below the fair market value of the assets.

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