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There are no special rules for minors other than the "kiddie tax" which taxes the investment income of some children under age 24 at a higher rate.
To see if you are required to file a federal income tax return, refer to Tables 1, 2, and 3 on pages 2, 3, and 4 of Publication 501:
http://www.irs.gov/pub/irs-pdf/p501.pdf
State income tax rules are often substantially different than federal rules. Refer to your state tax department's web site or to the instructions that come with your state tax forms.
But remember, if you had any tax withheld from your wages or other payments, the only way to get a refund is to file a tax return whether you are required to or not.
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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 much a minor have to make before filing a tax return?
For 2009 tax-planning purposes, a child's allowable investment income amount goes up to $1,900, with the first $950 in earnings exempt but the next $950 taxed at the child's rate.
In the state of Florida how much do you get back on taxes for a minor child?
When you do not have any qualifying earned income you do NOT get any income tax return refund.
How much does a minor have to make before filing a tax return?
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 and pay any income taxes that WILL BE DUE when the income tax return is completed correctly. A self employed taxpayer would be required to file an income tax return if business operation had any gross income amount. If the business has a net profit over 400 the business would have to file 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 taxpayer marginal tax rates. The must file an income tax return requirement for the year 2009 would be in the 2009 1040 instruction book starting on page 7 through 9 and the book is available at the IRS gov website and using the search box for 1040 and choosing instructions. Filing Requirements Do You Have To File
Signatures for a minor child who files a tax return?
Minor children should sign their own tax return. If a child cannot sign his or her return, a parent or guardian can sign the child's name in the space provided at the bottom of the tax return followed by "By (signature), parent (or guardian) for minor child."
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.
When do you include children's income on your tax return?
If your children have enough income for you to be concerned about this, you should consult a tax professional instead of relying on possibly incorrect information from the internet, but under some circumstances you can opt to include your minor dependents' income in your own return instead of filing independent returns for them.
If a minor earns income does she have to report the income to the I R S?
Yes and if any federal income tax was withheld from the earned income the minor could possibly receive a refund of some of the withheld FIT amount IF the minor files a federal 1040 income tax return and it is completed and filled out correctly and signed by the minor.
How much a minor have to make before filing a tax return?
For 2009 tax-planning purposes, a child's allowable investment income amount goes up to $1,900, with the first $950 in earnings exempt but the next $950 taxed at the child's rate.
In the state of Florida how much do you get back on taxes for a minor child?
When you do not have any qualifying earned income you do NOT get any income tax return refund.
How much does a minor have to make before filing a tax return?
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 and pay any income taxes that WILL BE DUE when the income tax return is completed correctly. A self employed taxpayer would be required to file an income tax return if business operation had any gross income amount. If the business has a net profit over 400 the business would have to file 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 taxpayer marginal tax rates. The must file an income tax return requirement for the year 2009 would be in the 2009 1040 instruction book starting on page 7 through 9 and the book is available at the IRS gov website and using the search box for 1040 and choosing instructions. Filing Requirements Do You Have To File
You have no income you have a minor child you have been married for 18 years your husband is filing for divorce what should you do?
Make sure that he is held responsible for as much of the expence for the care and maintainance of your child as posible.
38 How are minor parties organized?
A minor party can be organized by filing a constitution with the Secretary of State in accordance with Section 1-4-1301, C.R.S. After filing, an organization may petition to become a minor party.
Who has financial responsibility under Missouri emancipation laws?
The minor applying for early emancipation rights is responsible for proving to the court that he/she is capable of conducting their life without adult involvement. There must be valid court accepted documentation of the minor's employment history, the place of residence, amount of income available to pay for shelter, food, medical care, transportation, educational costs (if applicable), and so forth. Income does not mean money given the minor by parents, grandparents, friends, etc. it indicates monies earned from honest employment. The person filing the petition is responsible for all filing fees and accompanying court costs and perhaps added legal fees depending upon the individual's circumstances.
Is it legal in NYS for one parent to move with the minor child to another county if the order does not specify that they can't?
No, but that does not prevent the other parent from filing an injunction stopping the move, or requiring the return of the child to the county.
If you are married to someone from Argentina must you claim married on your income taxes?
Yes, if you earned any income in the USA. You must either file married filing joint or married filing separtely. Since you are legally married these are your only choice with the IRS tax code. Unless you are separated for the last 6 months of the year and plan not to reconcile. Then you may file Head of household if you have a minor dependent living with you for at least 6 months.
Signatures for a minor child who files a tax return?
Minor children should sign their own tax return. If a child cannot sign his or her return, a parent or guardian can sign the child's name in the space provided at the bottom of the tax return followed by "By (signature), parent (or guardian) for minor child."
