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You file a return, you get a refund...maybe. File and claim if you have it comiong. It's all or nothing though
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∙ 15y ago
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When filing for the federal income tax return do you have to attach schedule a for the state income tax return?
No, when filing for the federal income tax return, you do not attach the Schedule A for the state income tax return.
What do you do if you missed filing your taxes on time?
Get started NOW and complete your income tax return correctly and make a copy of your completed income tax return for your self get the other copy to the correct IRS address and also your state income tax return.
Who claimed you an your child on their income tax return?
You will have to file your income tax return correctly as a paper income tax return and mail it to the correct IRS mailing address then when the IRS process your income tax return and they have any question they will contact the other taxpayer to get some information about this situation and they may need some more information from you also about this matter. The IRS will decide the matter about who is qualified to claim you and your child on the correct income tax return. The IRS will not tell who did this.
Do you need to pay income tax on interest earned on fix deposit even tds deducted by bank already?
Yes all interest income is reported on the income tax return. tds (Tax Deducted at Source). At present NO interest income is exempted from tax .On the federal 1040 income tax return you do have some types of interest that is exempt from income tax but the amount still has to be reported on the 1040 federal income tax return..
How can you file taxes and not be legal?
By not filling out and filing your income tax return correctly and NOT reporting all of the necessary information that is needed to be reported on your income tax return correctly. Failing to report some required information on the income tax return, etc.
What is the purpose of income tax deduction?
A deduction on your income tax return would reduce your taxable income on your 1040 income tax return and reduce your federal income tax liability. An income tax deduction amount from your gross pay would be a prepayment of any future federal income liability you may have after your income tax return is completely at the end of the tax year and if enough is deducted from your gross pay you could end up receiving a refund of some of the withheld income tax amount.
What tax to file if you move states?
One federal 1040 income tax return and a resident state income tax return an a nonresident or part year resident state income tax return.
If North Carolina is your tax home and you are working and paying tax on ca income - do you pay tax to both states?
You will have to file your resident state income tax return and your nonresident or partial year resident income tax return at the end of your tax year. It is possible that each state could get some income tax from your earnings.
What are the similarties between the state income tax and the federal income tax?
The amount of your tax liability is based on your TAXABLE INCOME after your income tax return is completed completely and correctly down to the TAXABLE income line of each income tax return.
What are the months covered for income tax return?
Income tax return is due before April 15
Where do I find income tax return forms for my taxes?
There are many places to find an income tax return form, You can do it online, it is now an option in this day and age. You need to ensure the information is up to date.
Which policy relates to this statement an individual may receive a tax refund from the government after filing their federal income tax refund?
Taxpayer failed to file a tax return to claim a possible refund amount they had available to them if the refund amount is claimed in the 3 year time frame then the refund amount is no longer available to the taxpayer. Taxpayer filed a income tax return and failed to claim some of the credits that were available to them if the income tax had been filed correctly and the can now file the 1040X amended individual income tax return to correct the error that was made on the original file income tax return to claim the additional refund amount.
