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First I would point out a common sense thing: Even if you don't HAVE TO file, (or actually especially if you don't have to), you really should. Many benefits are made available to only those that file...like this years economic stimulus payment, or earned income credits, other things lke refunds of tax you may not even realize was taken, and legal/tax security happens only by filing...so...consider if the IRS says you don't have to file - who do you think that is good for, you or them? Wanna bet...good for them bad for you! To determine if you need to file a Federal Income Tax return answer the following questions:Occasionally, individuals have one-time or infrequent financial transactions that may require them to file a Federal Income Tax return. Do any of the following examples apply to you? * Did you have Federal taxes withheld from your pension and wages for this tax year and wish to get a refund back? * Are you entitled to the Earned Income Tax Credit or did you receive Advance Earned Income Credit for this tax year? * Were you self-employed with earnings of more than $400.00? * Did you sell your home? * Will you owe any special tax on a qualified retirement plan (including an individual retirement account (IRA) or medical savings account (MSA)? You may owe tax if you:
** Received an early distribution from a qualified plan ** Made excess contributions to your IRA or MSA ** Were born before July 1, 1936, and you did not take the minimum required distribution from your qualified retirement plan. ** Received a distribution in the excess of $160,000 from a qualified retirement plan. * Will you owe social security and Medicare tax on tips you did not report to your employer? * Will you owe uncollected social security and Medicare or Railroad retirement (RRTA) tax on tips you reported to your employer? * Will you be subject to Alternative Minimum Tax (AMT)? (The tax law gives special treatment to some kinds of income and allows special deductions and credit for some kinds of expenses.) * Will you owe recapture tax? * Are you a church employee with income in wages of $108.28 or more from a church or qualified church-controlled organization that is exempt from employer social security or Medicare taxes?
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How do you Paper File your PA State Tax Return?
There is a form that you are required to file when you paper file your PA state tax return.
Is an LLC required to file tax return if no income?
In certain states, all corporation are required to file a tax return regardless of income. This is also to pay their annual dues or fees to the state.
Do you have to file an income tax return over the age of 80?
There is no age limit on the requirement to file and income tax return. As long as you have more income than the filing threshold, you will be required to file a return, no matter what your age.
Do I have to to file income tax returns for state of Maine if i filed a federal tax return and and have 0 adjusted gross income?
If you are a residentof Maine who is required to file a federal income tax return, you must file a Maine income tax return. If you are not required to file a federal return, but do have income subject to Maine income tax resulting in a Maine income tax liability, a Maine return must be filed. You do not have to file a Maine income tax return if you meet all of the following requirements: 1) your Maine taxable income is $2,000 or less, 2) you claim yourself as an exemption on your return, AND 3) you are not subject to the Maine Minimum Tax. However, you must file a return to claim any refund due to you.
If a minor owes less than 500 dollars for income tax do they have to pay?
If a minor has any income tax liability the minor would be required to file a income tax return. When you are a dependent on another individual income tax return and you have 950 or more of unearned income you are required to file a federal income tax return.
How do you Paper File your PA State Tax Return?
There is a form that you are required to file when you paper file your PA state tax return.
Is an LLC required to file tax return if no income?
In certain states, all corporation are required to file a tax return regardless of income. This is also to pay their annual dues or fees to the state.
Are retired civilians required to file an income tax return?
Yes we are!
When do you not have to file Federal Income tax?
No reportable taxable income to be entered on a income tax return would be a good start of not being required to file a federal income tax return.
Do you have to file an income tax return over the age of 80?
There is no age limit on the requirement to file and income tax return. As long as you have more income than the filing threshold, you will be required to file a return, no matter what your age.
Do I have to to file income tax returns for state of Maine if i filed a federal tax return and and have 0 adjusted gross income?
If you are a residentof Maine who is required to file a federal income tax return, you must file a Maine income tax return. If you are not required to file a federal return, but do have income subject to Maine income tax resulting in a Maine income tax liability, a Maine return must be filed. You do not have to file a Maine income tax return if you meet all of the following requirements: 1) your Maine taxable income is $2,000 or less, 2) you claim yourself as an exemption on your return, AND 3) you are not subject to the Maine Minimum Tax. However, you must file a return to claim any refund due to you.
If a minor owes less than 500 dollars for income tax do they have to pay?
If a minor has any income tax liability the minor would be required to file a income tax return. When you are a dependent on another individual income tax return and you have 950 or more of unearned income you are required to file a federal income tax return.
Can you file unearned on your taxes with 2 children?
If you are a dependent on another taxpayer's income tax return and you have 950 or more of unearned income you would be required to file a income tax return.
Can you file taxes for legal and medical bills if on SSI?
If you want to file a tax return YES you can. SSI (supplement security income) would not be taxable income that you would report on your 1040 income tax return. If you do NOT have any taxable worldwide income that you are required to report on your federal 1040 income tax return it would NOT benefit you to file a federal income tax return and you would NOT meet any of the MUST FILE A INCOME TAX RETURN requirement's. If you want to file a tax return YES you can.
Where in the internal revenue code does it say a person is required to file a tax return?
26USC6012
How much income do you need to be able to file for tax return?
Anyone can file a tax return. No income necessary. Just fill in zeroes. People with low income who have had tax withheld from their pay but are not required to file tax returns should do so anyway in order to get a refund.
Do you have to file veteran pension on tax return?
Yes absolutely. All retired military personnel are required to file a tax return on all withheld federal taxes shown on their form 1099R.
