It may benefit you to file when you have a loss. Check with a professional
yes
Who has to file a return
Self employment income net profit over 434 must file a 1040 federal income tax return and pay your social security and medicare taxes on the net profit from the business. Unearned more than 950 must file a 1040 federal income tax return and pay some federal income tax on the amount over 950.
A company, or business owner, is required to submit an annual return to Companies House. They must file their return 28 days before their annual anniversary.
If the association is not a corporation -- an unincorporated association, for example, your accountant or tax attorney can answer your question specifically. There is no standard answer to your question, because there is no standard 'homwowners association' tax designation. Each is unique and may or may not be incorporated, and may be incorporated as a profit or a non-profit corporation..
Yes you would be required to file a 1040 income tax return. A self employed taxpayer would be required to file an income tax return if business operation had a net profit of 400 and pay the social security and Medicare taxes that would be due plus any income tax that may be due after adding the net profit to all other gross income on the 1040 tax form and the amounts would be subject to income tax at the marginal tax rates.
The Companies House provides help to people that need to file their annual tax return.
If you are being claimed as a dependent on your parents or anyone else's return then you will have to file a tax return. If not then no you don't have to file a return.
It depends on how the wife is categorized and what assets are in her name, solely or jointly. Let's say there is a house in both of the names then yes, the wife has to file in a joint return with the husband. If the wife is a student then she will have to file and the husband may be able to claim her as a dependent. To be safe it is always better to file either a zero return solely or as the spouse on a joint return.
Each state has its own rules as to who has to file a return.
Yes, just like general professional partnership. Use 1702Q
how can I file an amendment to my 2010 tax return?