James and Mary Watson, friends of yours, were married on December 15, 2022. They know you are studying taxes and have come to you with a question concerning their filing status and taxable income. James and Mary would each like to file single for this tax year. James has prepared their taxes both as single and married filing jointly, and he has realized that the couple will get a larger combined refund if they each file single. What would you say to James and Mary about filing single and what are some ways that they can reduce their taxable income?

• The conclusion should be ethical and present proper knowledge of the individual taxes.
• Complete the response in Microsoft Word using correct grammar and spelling.
• Note: the final document should be something that you would be willing to present to a paying client. The response should be a minimum of 60 80 words.
• Your document should be uploaded to Blackboard.