What would you like to do?
Can you file your taxes every 2 years if you're single?
You can... but its a no win situation. If you don't file, and you are owed money, the government gets an interest free loan. If you owe money, they slap you with penalties and interest on the money that they were supposed to bring in. So, I wouldn't recommend it. Also, simply, you must file every year. And adding two years together will virtually always come to a much higher tax (you only get the deductions and evwen withholding credit for one year, not both). many other reasons.
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Of course. And remember each one is already file with the IRS by the employer and the computers there match thses things.
Called tax fraud. And of course the return is signed and sworn to as true. Bad things happen when you break the law. Doing so where your directly offending the Govt woul…d seem particularly foolish, as they clarly have the ability to respond in force. Clearly, the Govt, IRS, etc systems are well developed to discover such acts, especially any as basic as this, many, many ways.
No, but you can be married and file separate.
You're not required to file a return for your Single filing status if your 2008 income is less than $8,950 (or less than $9,350 for 2009). Even though you're not required to f…ile, you should file if income tax was withheld from your earnings in order to receive a refund of that tax. Also, if you're eligible for certain credits (such as earned income), you should file even when not required
Unpaid Taxes The problem is there is something called a Statute of Limitations(SOL) on your liability for taxes for any period. (There is alsoone limiting the period of time …the Gov't has to allow you tocorrect an error and get a refund). After the SOL period the IRScan't really bug you about them. It is generally 2 or 3 years. However , it only starts running from your date of filing areturn. If you you don't file, the period never starts to run andyou are perpetually open to assessment and payment. And it ishighly likely that you (or your estate), will sooner or later haveto face the issue. Considerations like wanting to collect SocialSecurity or other Government benefits may enter into it too. Not filing can certainly be a criminal act (which is the type ofthing that surfaces when you least want it to) and that complicatesmany things, especially if you've gotten involved in any otherproblems. It's called setting yourself up for the squeeze! As a rule of thumb, the IRS will look for only the last 7 years,and may be willing to work out an agreement for less for someonethat is voluntarily coming forward. Moreover, it is not uncommon to find that, because of how confusedpeople can get about the tax system, that someone who didn't fileactually not only didn't have any additional liability, but becauseof withholdings or earned income credits, etc., may actually havehad a refund coming! (More common than you may think). It is clearly better to have someone independent and knowledgeableapproach the IRS for you. This can be a Lawyer or CPA (and others),but I would recommend you find (in the yellow pages under Tax)someone showing an E.A. designation. This stands for Enrolled Agentand is a specialized certification, frequently earned by ex IRSagents, and that the people who have frequently are particularlyadept in these matters, and reasonably priced.
You have to file every year that your income meets the minimum mandatory filing requirements in Virginia. You can find those requirements here: http://www.tax.virginia.gov/s…ite.cfm?alias=WhoMustFile But you also should file if you had any tax withheld from your wages or from your other payments. If you don't file, you will forfeit any refund you had coming. If you wanted to know whether you can combine two different years and file them together, the answer is no. You must file for every year separately.
If you are a PA resident, nonresident or a part-year PA resident, you must file a PA tax return if: • You received total PA gross taxable income in excess of $33, even if …no tax is due with your PA return; and/or • You incurred a loss from any transaction as an individual, sole proprietor, partner in a partnership or PA S corporation shareholder. PA law does not exempt a minor from the above requirements to file a PA tax return even if claimed as a dependent on a federal return. The executor, administrator, or other person responsible for the affairs of a decedent must file a PA tax return if the decedent met the above requirements. Pennsylvania taxes eight classes of income: (1) compensation; (2) net profits from the operation of a business, profession or farm; (3) net gains or income less net losses from dispositions of property; (4) net gains or income from rents, royalties, patents and copyrights; (5) dividends; (6) interest; (7) gambling winnings (except Pennsylvania Lottery winnings); and (8) net gains or income derived through estates or trusts.
I believe you need a dependent to have a household.
You can file a income tax return if you WANT to if the only worldwide income that you have is the welfare income amount. IF you do NOT have any other worldwide income to be re…ported on the 1040 federal income tax return you would NOT be required to file a 1040 federal income tax return.
This would depend on your filing status and all of your other gross worldwide income that you may have received for the tax year in question. A self-employed taxpayer would …be required to file an income tax return if the business operation had a net profit of $400 and pay the Social Security and Medicare taxes that would be due, plus any income after adding the net profit to all other gross income. The amounts would be subject to income tax at the marginal tax rates. A dependent on another taxpayer income tax return with unearned income interest, dividends, capital gains, rental income, taxable social security benefits, unemployment compensation, gambling winning and misc income, etc of more than $950 must file an income tax return and report all worldwide income on the 1040 tax return. Do not forget State taxes (if applicable) as they could have different filing requirements and possibly some benefits you could be entitled to if you were to file a tax return with them. For more detailed information on federal filing requirements go to irs.gov.
Not filing your taxes if you have the income is criminal. It is not something anyone does because they want to. It is a requirement. Those who fail to meet the requirements …to require filing (which are different than paying), are the ones that really should file, because they probably have benefits coming to them by doing so. You don't think the government would allow you to NOT file because it is good for you do you?
I was just asking myself the same question. I got this answer; hope it helps! It happens every year. Just when you get motivated to get rolling on your taxes,… you realize you can't find the return you filed last year. Aaaarrrrggg! First off, don't panic if you can't find the return. Yes, you need it to know what you claimed last year and how those claims relate to this years return. All is not lost, however. The IRS will provide you with a copy of your past tax returns if you ask nicely. Here is how to go about it. The IRS will not send you the actual tax return. The agency, however, will send you their version of it. This is known as a tax return transcript and is a layout of the information you provided. It is essentially your return, but doesn't look like it. You can rely on the transcript as though it was your original return. When you contact the IRS to get the transcript, it is important to understand there are two types available. As is usual with the IRS, there are two choices just to confuse you. The first is the tax return transcript that is essentially the return you filed. The tax account transcript is your original return as modified by any changes made by the IRS or you. Which one is the correct one? If the IRS has not contacted you about an issue with the return, it is the tax return transcript. If they have, it the tax account transcript. The IRS will give you any return for the past three filing years. The service is free. To get the copy, you can call the IRS at 800-829-1040. Alternatively, you can get a copy by filling out and mailing in IRS Form 4506-T. It takes two weeks to a month for the agency to get the copy to you. If you discover you have a problem just before the relevant filing deadline, file for an extension so you don't run afoul of filing laws. Remember, you have to pay any taxes due regardless of the extension, so try to guesstimate what you will owe. If you lose a past tax return, there is no need to panic. The IRS will be happy to send you a copy. After all, an audit agent probably has the file on their desk as we speak! Richard A. Chapo is with BusinessTaxRecovery.com - providing information on tax debt relief.
This is the first time you will be filing your taxes as this is your first job you will be making 45000 a year you are single and do not own a home how much do you need to pay in income tax in Chicago?
Try this calculator for your federal taxes: http://www.dinkytown.com/java/Tax1040.html Chicago does not have an income tax, but Illinois does. To figure Illinois income …tax, just take your federal adjusted gross income, subtract $2000, and multiply by 3%. And while that is an excellent answer..the other thing for you to understand is that by accurately completing the W-4 (which means even working thru the few workpapers that are part of it), your withholding will be essentially a good estimate of what you will need to pay on filing your return. Your payroll provider will effect what you dtermine with it. Understand that many of the things taken out of your pay are out of your control, and may not be for "income tax" exactly, but for other things - like social security, unemployment, disability etc. You are wise to ask as you have, and I'll bet you'll find that your payroll deptartment is happy to discuss with you how it all works. May I suggest you even start doing you own tax return, using one of the popular programs (TaxCut, TurboTax, whichever) and doing the long form...that is the entire question and answer process...which will help you understand what is important to you- now and in the future- for taxes...as no one, ever, will be able to really do this for you better than yourself for the rest of your life!
No...W-2 are only for people who are employees (so an employer has withheld taxes from their paycheck and contributed to FICA on their behalf, etc). Essentially, anyone with i…ncome (self employed, investment, etc) needs to file. If you are an employee you need a W-2 to correctly file and get credit for the amounts already paid on your behalf...and very possibly, a refund.
You should proceed to do this and complete your income tax return correctly. Get help with your tax problems at IRS's nationwide open house. The Internal Revenue Service will …host a special nationwide Open House on Saturday May 15 to help small businesses and individuals solve tax problems. Approximately 200 IRS offices, at least one in every state, will be open May 15 from 9 a.m. to 2 p.m. local time. IRS staff will be available on site or by telephone to help taxpayers work through their problems and walk out with solutions. Go to the IRS.gov web site and at the top in the square that has the picture it says pages 1 to 5 choose page 1 then choose May 15- Save the Date Click on the below Related Link
What happens if I am filing taxes as single and 2 under federal and 2 under NY but i don't have any dependents?
In this case you will most likely end up owing more taxes when you file your return at the end of the year. You withholding allowances claimed during the year only effect …the amount of taxes that are withheld and applied to your tax return at the end of the year. It is to your benefit to pay in more during the year so that you don't end up owing a good deal of taxes when you file your return.