In January 2015,Jake's Wife Dies and He Does Not Remarry

question 98

True/False

In January 2015,Jake's wife dies and he does not remarry.For tax year 2015,Jake may not be able to use the filing status available to married persons filing joint returns.

---

Definitions:

Building Supply Store

A retail establishment that sells materials and components used in the construction and maintenance of buildings and structures.

Lumber Mill

A facility where logs are cut into lumber through various sawing processes, often also involving the finishing and treatment of wood.

Standstill Agreement

A contract between a company and its creditors where the creditors agree not to increase the level of their claims, pursue further action, or demand payment for a certain period of time, usually during restructuring.

Minority Stake

An ownership position in a company that is less than 50 percent, allowing the holder to have a share in the profits but not control decisions.