Being a teenager does not exempt anyone from filing tax returns.
According to IRS Publication 17, page 4, if a teenager is NOT claimed as a dependent on someone else's return, then they must file a return if:
· Your filing status is single and your gross income is at least $9,500
· Your filing status is married, filing jointly and your gross income is at least $19,000
· Your filing status is married filing separately and your gross income is at least $3,700
· Your filing status is "head of household" and your gross income is at least $12,200
· Your filing status is "qualifying widow(er) with dependent child" and your gross income is at least $15,300
According IRS Publication 17, page 6, unmarried teenagers who are dependents (for example - their parents claim them as dependents on their own tax return) must file a tax return if any of the following apply:
· Your unearned income was more than $950.
· Your earned income was more than $5,800.
· Your gross income was more than the larger of:
· $950, or
· Your earned income (up to $5,500) plus $300.
It's slightly more complicated if you are a married teenager but still claimed as a dependent. In that case, a teenager must file a tax return if any of the following apply:
· Your unearned income was more than $2,100
· Your earned income was more than $6,950
· Your gross income was at least $5 and your spouse files a separate return and itemizes deductions.
· Your gross income was more than the larger of:
· $2,100
· Your earned income (up to $5,500) plus $1,450
The estate of the deceased has to file tax returns.
Where to file federal tax returns: http://www.irs.gov/file/index.html Where to file state returns: http://www.taxadmin.org/fta/link/forms.html
You "file" your tax returns with the taxing authority (federal government, etc.) You can also "efile" your tax returns by submitting them electronically.
It is not possible to get refund unless we file the income tax returns. When we file returns it will check with OLTAS and generate refund if paid excess
Yes, they are required to file tax returns. Estates have assets and those assets may be earning income. That income is taxed.
The estate of the deceased has to file tax returns.
You can prepare federal tax returns online. However, some states require that you file state tax returns through the mail. You will have to file them separately.
Where to file federal tax returns: http://www.irs.gov/file/index.html Where to file state returns: http://www.taxadmin.org/fta/link/forms.html
You "file" your tax returns with the taxing authority (federal government, etc.) You can also "efile" your tax returns by submitting them electronically.
You can file your online tax returns with the TurboTax website at TurboTax.com. You can also file with many other services that can be found at IRS.gov.
It is not possible to get refund unless we file the income tax returns. When we file returns it will check with OLTAS and generate refund if paid excess
Yes, they are required to file tax returns. Estates have assets and those assets may be earning income. That income is taxed.
Corporate earnings don't have tax returns. But corporation that earn (and even those that lose money) do have to file tax returns to report their earnings (or losses).
In order to get the best refund, people should file their tax returns as early as possible.
No it is never too late file any of your past years income tax returns that have NOT been filed completely and correctly.
No.
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.