Can you file a tax return with just copies of personal checks and one dependent?
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As a single person with no dependents and one job and no other source of income what tax return should you file - 1040a or 1040ez?
Answer . \n1040 EZ would probably be your best bet.
Yes . SSI is nontaxable income. It's considered when figuring if the person claiming the dependent provides over 50 percent of the support for the dependent. Go to www.irs.go…v/formspubs for Worksheet for Determining Support in Publication 501 (Exemptions, Standard Deduction, and Filing Information). You keep the Worksheet with your other tax records.
Yes . The IRS has income guidelines for determining whether dependents are required to file tax returns. Generally, for 2008 income, dependents are required to file if single …under 65 with earned income of over $5,450 ($5,700 for 2009) or if married under 65 with earned income of over $6,800 ($7,100 for 2008). Even if your income is below the level requiring you to file, you should file if income tax was withheld from your earnings in order to receive a refund of that tax.
Yes . Being claimed as a dependent doesn't prevent the dependent from filing a return. That also doesn't prevent you from still claiming them on your own return. The IRS gives… guidelines for determining whether dependents are required to file tax returns. Also, even though dependents might not be required to file, they should file if tax was withheld in order to receive a refund of that tax.
Yes . There are two types of dependents: Qualifying Child and Qualifying Relative. Your parents are eligible to be considered Qualifying Relative dependents. Your parents don'…t have to live with you for you to claim them as dependents. But you must have provided over half of their support, and they must have had gross income of less than $3,500.00 in 2008 ($3,650.00 in 2009). For more information, go online at www.irs.gov . Select Publication Number. Type 501 into the Find bar to print Publication 501 (Exemptions, Standard Deduction, and Filing Information).
Generally, dependents have to file a tax return when their income exceeds a certain amount for their age and filing status. Single or Married Filing Jointly under 65 must file… when their earned income is over $5,450 for 2008 ($5,700 for 2009). Single dependent 65 and older has to file when their earned income is over $6,800 for 2008 ($7,100 for 2009). Married Filing Jointly 65 and older must file when their earned income is over $6,500 for 2008 ($6,800 for 2009). There are also filing requirements based on unearned income and gross income. There are also four other conditions which require a dependent to file a tax return, including having net earnings from self-employment of at least $400.00 and receiving advance earned income credit payments from your employer.
First, you only file for years in which they were alive. For example, if the person died in January 2009, you would make sure that returns were filed for 2008 and 2009. But …no return would be filed for 2010 and after. If there is income after the person dies, that income would be reported on an estate tax return or on the tax return of the person to whom the property was distributed. If the person was married, the surviving spouse can still file a joint return (unless the spouse remarried in the same tax year). The spouse may also choose to file separately. Basically, you file a regular tax return as if the person were still alive. For the year in which they died, you include income and deductions only up to the date of death. At the top of the first page put "JOHN SMITH DECEASED 1/1/2009." Attach Form 1310 to the return to tell the IRS who to send a refund check to. Sign the return with your name and add words that describe your postion, for example "as personal representative" or "as surviving spouse." http://www.irs.gov/pub/irs-pdf/f1310.pdf Also, file Form 56 with the IRS as soon as possible. Form 56 informs the IRS about who they should send correspondence to concerning the affairs of the deceased. Remember, if the IRS sends a notice to the deceased's last known address and you don't get it, it is still considered delivered and you may lose rights to appeal an unfavorable ruling. This could result in losing part of your inheritance to unnecessary taxes. If you file Form 56, notices will be sent to you instead of to the deceased. http://www.irs.gov/pub/irs-pdf/f56.pdf You will have to check with your state for their procedures. They are usually spelled out in the instruction book that comes with the state tax forms.
The executor of the estate files the tax return for the deceased.
As a single person with 2 dependents and one job and no other source of income what tax return should you file?
Yes this could happen if the expected refund amount is less the amount that is owed. The Department of Treasury's Financial Management Service (FMS), which issues IRS tax refu…nds, has been authorized by Congress to conduct the Treasury Offset Program. Through this program, your refund or overpayment may be reduced by FMS and offset to pay any past due child support, Federal agency non tax debts, or state income tax obligations. Go to the IRS.gov web site and use the search box for Topic 203 - Failure to Pay Child Support, Federal Non--Tax Debts, State Income Tax Obligations and Unemployment Compensation Debts Click on the below Related Link
If a person filed taxes with a dependent will the IRS take the whole check if the person owes back child support?
This could happen if the amount that is owed is more than the expected refund amount. The Department of Treasury's Financial Management Service (FMS), which issues IRS tax ref…unds, has been authorized by Congress to conduct the Treasury Offset Program. Through this program, your refund or overpayment may be reduced by FMS and offset to pay any past due child support, Federal agency non tax debts, or state income tax obligations. Go to the IRS.gov web site and use the search box for Topic 203 - Failure to Pay Child Support, Federal Non Tax and State Income Tax Obligations Click on the below Related Link
Yes this is very possible and if as a dependent you have unearned income of 950 or more of unearned income in the 2009 or 2010 tax year then you are REQUIRED to file a tax ret…urn and pay any federal income tax that will be due when you complete your 1040 federal income tax return correctly.
When you do NOT have any types of worldwide income then you would not have any reason file a 1040 income tax return for tax year 2009. Using the above enclosed information NO.… 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. 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 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 ans Simple Common Sense: The only time you actually do WANT to file is when the IRS says you don't have to! They don't do that because it's good for you. They do it because it is more likely to be good for them. Certainly if you don't have to file, NOTHING BAD, in fact only good things, can happen by doing so. Federal Taxes are the same throughout the country. State tax laws are specific to each area. Whether you have to file a tax return ( or pay tax ) depends, in part, on your filing status, deductions, amount & type of income . There are no such things as "start and stop" ages, not having to pay because of retirement or on social security or working from home or a student. It is all addressed as a matter of "how much TAXABLE income ." (Note: working isn't relevant either, as many people who don't work or are retired, or disabled, or old, or young, or in school, have income from many sources: savings, investments, etc. TAXABLE income is different than what you may otherwise think of as income . In most circumstances, you have to do many of the calculations needed to file a return, just to determine what taxable income may be). Likewise, there are no special or fixed rates for retired, student, doctor, sanitation worker, President, convict...whatever. The amount of taxable income after applicable deductions and adjustments determines the rate applied to your particular situation. The rate, as well as the amount, you pay changes as the amount of income does. You must file a tax return if you had net earnings from self-employment of $400 or more. This is your total self-employment income less the expenses paid in operating your trade or business, multiplied by 92.35%. If you weren't self-employed (paid on a 1099 or ran your own business) then you would always want to file a return to claim the amount withheld and shown on your W-2, which with lower incomes will always be refunded to you. If you are an individual who may be claimed as a dependent on another person's return, you are subject to specific filing requirements. Refer to the instructions in your tax package or refer to Publication 929, Tax Rules for Children and Dependents , or Publication 501, Exemptions, Standard Deduction, and Filing Information , for the filing requirements for dependents. All available at www.IRS.gov You must file a tax return if you received any amount of advance earned income credit payments from your employer during the year, or if you owe any taxes, such as: . social security tax and Medicare tax on tips or group life insurance, . alternative minimum tax, . tax on qualified retirement plans including an Individual Retirement Account, or other tax-favored account, . tax from recapture of an education credit, investment credit, low income housing credit, federal mortgage subsidy, qualified electric vehicle credit, or the native American employment credit. Generally, you must file a tax return if you are a nonresident alien with income from sources in the United States. For more information on nonresident aliens, select Topic 851 at the IRS website. Even if you are not required to file a tax return, file a return BECAUSE MANY, LOW INCOME PEOPLE HAVE MANY BENEFITS COMING THAT ARE KEYED TO FILING A RETURN. (Like stimulus checks). Also, the Statute of Limitations for when the IRS can no longer ask you questions about your affairs for a year only STARTS to run when a return is filed. Not filing, and they can bug you, (and assess a tax) for forever!
In Income Taxes
Can a married taxpayer file as head of household on a federal tax return if the qualifying person is his dependent same-sex spouse?
Yes, if the spouse meets all other criteria for dependent (i.e., income, cohabitation, etc.). You must not state that the relation is "spouse," however. You can use the relati…on "other."
One can file tax returns for free from many different sources. One of the most reliable sources that allows one to file their taxes for free is on the IRS government website.