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Is there a minimum income in Indiana where you are not required to file a return?
Wiki User
∙ 15y ago
http://www.in.gov/dor/3815.htm
Wiki User
∙ 15y ago
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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.
How do you calculate residual income?
Residual Income (RI) can be calculated with the following equation. RI = Operating Income - (Operating Assets x Minimum Required Rate of Return) Equals a $ amount. RI is often used to compare Investment Centers with the Return of Investments (ROI) equation. ROI = Operating Income / Operating Assets) Equals a %.
Do you have to file Indiana taxes on gambling winnings if you are an Illinois resident?
You have to file an Indiana return if your income from Indiana sources (including gambling winnings) is more than the amount of your Indiana exemptions. You can find out the amount of your Indiana exemptions here:http://www.in.gov/dor/3815.htmYou'll want to file an Indiana return in order to get a refund if Indiana tax was withheld and you are not required to file an Indiana return.You can claim a credit on your Illinois taxes for your Indiana tax liability (the amount you paid or was withheld minus any refund you are entitled to) by attaching Schedule CR to your Illinois return:http://www.iltax.com/taxforms/Incm2008/Individual/IL-1040-CR.pdf
What is the minimum yearly income needed to pay taxes in Georgia?
Full-year residents are required to file a Georgia income tax return if they are required to file a Federal income tax return, if they have income subject to Georgia income tax, or if their income exceeds Georgias standard deduction and personal exemptions.Part time legal resident of Georgia who are required to file a federal income tax return, are required to file a Georgia Form 500 Individual Income Tax Return. Page 4, Schedule 3 will help you calculate your Georgia Taxable income.Nonresidents who work in Georgia or get money from Georgia sources and who fiel a Federal Income tax return must file special paperwork (Georgia Form 500 Individual Income Tax Return). However if you are a legal resident of another state, you are not required to file a Georgia income tax return if you are only an employee of a Georgia for an employer and the money you receive for this is 5% or less of your total income.Military personnel are subject to income tax if they live in Georgia or have Georgia as their home of record, regardless of where they earn their income.See related links for the full text.
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.
All his life an Arkansas taxpayer lives and works in Arkansas and files an Arkansas tax return last year he got a w-2 from his Indiana employer and it showed Indiana tax withheld Guess he needs to fil?
Yes if still a resident of Arkansas the taxpayer would file a IT-40PNR nonresident Indiana income tax return.Below information is available at IN gov web siteWho must file a tax return?You must file an Indiana individual income tax return if:You lived in Indiana and received income greater than your exemptions, orYou lived outside Indiana and received income from Indiana.For more information and forms about who must file an Indiana income tax return go to the IN gov we site.Click on the below related link
Will i receive a tax return check if i have no income and claim a child?
No. Qualifying earned income is required. Income that you work for.
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.
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!
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.
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.
