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Yes this is very possible and if as a dependent you have unearned income of 950 or more of unearned income in the 2009 or 2010 tax year then you are REQUIRED to file a tax return and pay any federal income tax that will be due when you complete your 1040 federal income tax return correctly.
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Do you have to file a tax return if you made less than 8000?
Yes and no. If you're being claimed as someone else's dependent, you're required to file a return if you're single under 65 with earned income over $5,700 or single over 65 with over $7,100 earned income. If you're being claimed as someone else's dependent, you're required to file if you're married under 65 with earned income over $5,700 or if you're married over 65 with over $6,800 earned income.If you're not being claimed as someone else's dependent you aren't required to file with less than $8,000 earned income UNLESS you're Married Filing Separately with income of at least $3,650.Even though you may not be required to file, you should file to get a refund if any federal tax has been withheld from your pay during the year. You also should file if you're eligible for certain credits, such as earned income, additional child tax credit, making work pay, government retiree, etc.
Does a full time student who is dependent of parents need to file a state tax return?
Yes, if he is over 18.
Can a dependent file own tax return if claimed on parents' tax return?
Yes. The IRS has income guidelines for determining whether dependents are required to file tax returns. Generally, for 2008 income, dependents are required to file if single under 65 with earned income of over $5,450 ($5,700 for 2009) or if married under 65 with earned income of over $6,800 ($7,100 for 2008). Even if your income is below the level requiring you to file, you should file if income tax was withheld from your earnings in order to receive a refund of that tax.
How do I find out who claimed me dependent on their tax return?
The IRS won't tell you that. If you believe that no one was entitled to claim you as a dependent, file a paper income tax return and take your own exemption. The IRS will sort it out. If you were a full-time student for any part of five months last year and lived with someone who was supporting you, that person is probably entitled to take you as a dependent on their tax return. If you made less than $3,400 last year and someone else provided over 1/2 of your support, you were their dependent.
What are the benefits of using efile for your taxes?
E-file is beneficial for two reasons. First and foremost, it saves time over mailing the form in because it is processed immediately. Second, if someone is able to use E-file as a means of doing their income tax returns, it is free of charge from the U.S. Government.
Do you have to file a tax return if you made less than 8000?
Yes and no. If you're being claimed as someone else's dependent, you're required to file a return if you're single under 65 with earned income over $5,700 or single over 65 with over $7,100 earned income. If you're being claimed as someone else's dependent, you're required to file if you're married under 65 with earned income over $5,700 or if you're married over 65 with over $6,800 earned income.If you're not being claimed as someone else's dependent you aren't required to file with less than $8,000 earned income UNLESS you're Married Filing Separately with income of at least $3,650.Even though you may not be required to file, you should file to get a refund if any federal tax has been withheld from your pay during the year. You also should file if you're eligible for certain credits, such as earned income, additional child tax credit, making work pay, government retiree, etc.
Does a full time student who is dependent of parents need to file a state tax return?
Yes, if he is over 18.
Can a dependent file own tax return if claimed on parents' tax return?
Yes. The IRS has income guidelines for determining whether dependents are required to file tax returns. Generally, for 2008 income, dependents are required to file if single under 65 with earned income of over $5,450 ($5,700 for 2009) or if married under 65 with earned income of over $6,800 ($7,100 for 2008). Even if your income is below the level requiring you to file, you should file if income tax was withheld from your earnings in order to receive a refund of that tax.
How do I find out who claimed me dependent on their tax return?
The IRS won't tell you that. If you believe that no one was entitled to claim you as a dependent, file a paper income tax return and take your own exemption. The IRS will sort it out. If you were a full-time student for any part of five months last year and lived with someone who was supporting you, that person is probably entitled to take you as a dependent on their tax return. If you made less than $3,400 last year and someone else provided over 1/2 of your support, you were their dependent.
What are the benefits of using efile for your taxes?
E-file is beneficial for two reasons. First and foremost, it saves time over mailing the form in because it is processed immediately. Second, if someone is able to use E-file as a means of doing their income tax returns, it is free of charge from the U.S. Government.
Can you file your taxes if you are a dependent?
In the United States, a person who earns over a certain amount has to file taxes, depending on filing status and age. Technically, anyone who can be claimed as a dependent should not have to file because the majority of their living expenses were paid by someone else. If a dependent earns more than the minimum allowable amount, they are no longer considered a dependent and must file taxes.
How much do you have to make to be required to file income tax returns?
Generally, you're required to file tax returns if, for your filing status, your income is above a particular level. For 2009, if Single under 65, you have to file when your income is at least $9,350 or Single 65 and older when your income is at least $10,750.Married Filing Jointly files when your income is at least $18,700 under age 65 or income at least $19,800 when one spouse is 65 and older or income at least $20,900 when both spouses 65 and older.Married Filing Separately must file if their income is at least $3,650.Head of household must file when income is at least $12,000 under age 65 or at least $13,400 65 and older.Qualifying widow(er) with dependent child must file when income is at leat $15,050 under 65 or at least $16,150 65 and older.If you're claimed as a dependent and single or married under 65 you're required to file if your earned income is over $5,700.
Been told that I cannot file taxes because parents claimed me as a dependent but made over 3000 is this true?
Absolutely, positively not.Whether your parents or anyone else claims you as a dependent has absolutely no effect on your obligation or ability to file taxes. Some people mistakenly believe that if your parents claim you as a dependent, they claim your income, your withholding and your refund, too. This is absolutely not true.People who make more than a certain amount are obligated to file taxes. However, ANYONE is permitted to file taxes. If you are due a refund, you must file taxes in order to get the refund. Your parents cannot get your refund for you. Whether your parents can claim you as a dependent has absolutely nothing to do with you. You must file your own taxes for your own income and withholdings. And if you owe taxes, you are obligated to file and pay them.
Do a mother who is not married to a serviceman in the marines has to sign over her rights in order to receive child support?
No, however if he is active duty, than she has to wait until he returns to file.
What is the importance of filesystem?
File Storage ensures reliability is data structures and storage in the operating systems. It also manages access to the data and the metadata of the files, and manages the available space of the device(s) which contain it Examples: • The getPath method converts a system dependent path string, returning a Path object that may be used to locate and access a file. • The getPathMatcher method is used to create a PathMatcher that performs match operations on paths. • The getFileStores method returns an iterator over the underlying file-stores
How do I file for an extension on my taxes?
You can file your own taxes online using H&R Block's software, TurboTax's software and man others and save over $100-$200 on your tax returns. Prices may vary upon the required tax documents.
Can an executor sign over executor-ship over to someone else?
No. The executor would need to file a resignation with the court and the court will appoint a successor.
