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Do you have to file income taxes at age 80?

Age has nothing to do with whether or not you are required to file income tax returns. The deciding factor is your income and income sources as to whether or not you are required to file. I have had client who were told by friends or even personnel offices that they didn't have to file after a certain age or if they were retired. This is not true at all and can get you into serious trouble. It can also cost you far more than tax only with the addition of penalties and interest.


Difference between personnel management and personnel administration?

The personnel administration deals with the coordination, organizing and staffing while personnel management deals with the planning and controlling. The personnel administration runs the given show while the personnel management controls the show.


Tax planning in respect of managerial remuneration?

corporate assesses are required to pay utmost attention while framing the remuneration policy for their personnel. it requires the full knowledge of income tax laws and other allied economic and corporate laws like the companies act in regard to allowability and taxation of salary income of executives and directors, etc.


What do you mean by payroll in personnel management?

What do you mean by payroll in personnel management?"


Where commission recorded in the income statement?

Commission expenses are typically recorded in the income statement under operating expenses, often categorized as selling, general, and administrative (SG&A) expenses. They reflect costs associated with sales efforts, such as commissions paid to sales personnel. This classification helps provide a clearer view of the company's operational costs related to generating revenue.

Related Questions

What are the common business exposures?

property, liability, net income, & personnel


Do active duty military personnel have to pay federal income tax?

yes


What is personal income?

Personnel income is what you yourself is earning, most probably from a job. If someone else gives it to you one off then it is a gift


What produces profit for a business?

Taking in more income (revenue) than is spent on costs, which include overhead, personnel, and cost of capital.


What is the possessive word for personnel?

The possessive form for the noun personnel is personnel's; for example, the personnel's raises.


Do you have to file income taxes at age 80?

Age has nothing to do with whether or not you are required to file income tax returns. The deciding factor is your income and income sources as to whether or not you are required to file. I have had client who were told by friends or even personnel offices that they didn't have to file after a certain age or if they were retired. This is not true at all and can get you into serious trouble. It can also cost you far more than tax only with the addition of penalties and interest.


What is a kind of noncombatant?

medical personnel. staff personnel. supply personnel.


Is the usage of personnel's correct to show possession?

No, the possessive form of "personnel" is "personnel's." The correct possessive form is "personnel's." For example, "The personnel's training session will be held tomorrow."


What is marketing personnel?

personnel marketing


What is personnel programs?

what is a personnel program


What does AARP life insurance mean?

It means being able to obtain a good insurance product at a low cost that seniors can afford. This insurance can be vital in senior personnel as their income is often regulated.


Difference between personnel management and personnel administration?

The personnel administration deals with the coordination, organizing and staffing while personnel management deals with the planning and controlling. The personnel administration runs the given show while the personnel management controls the show.