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Buy one of the popular software programs and spend several hours going through the whole thing...it teaches you and asks you everything you need and even performs some financial and "what if" type sceanarios for you. No one will ever be able to understand and control your tax situation better than yourself...you may as well start learning what makes a difference!
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∙ 15y ago
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How old do you have to be to stop filing income taxes taxes?
There is no age limit for filing income taxes in the United States. The only time you do not have to file tax returns is if your income falls below the minimum amount requiring you to do so.
What extension is there for gift tax when the donor obtain an automatic filing extension for income taxes?
When filing an extension for income taxes related to gift taxes, you are granted an automatic extension. As long as the paperwork is filed on time, an automatic 6 month extension is given.
What are the consequences of not filing personal income taxes?
Paying large fines or even doing jail time.
How can you find out if your husband is filing his taxes?
Your husband would have to be the one that would have to tell if he is filing his income taxes or show you his copy of the one that he is supposed to have filed.
Why file single on your federal taxes when you are married and does it effect your spouse if one of you dies?
If you are married, you cannot (and should not) file single. Your choices are Married Filing Jointly or Married Filing Separately. The only time I usually see a Married Filing Separate return is either if the spouses, as a rule, just keep all of their finances separate, or if one of them owes taxes. Remember if you owe taxes the IRS will keep your refunds to apply to that balance due, so if only one of you owes taxes you can file Married Filing Separately and the one of you that does not owe taxes can still get their refunds. Also if you are going to owe on a tax return and file that return as Married Filing Separate, and then later die, your widow will not be responsible for the taxes.
Spend a Weekend Doing Taxes?
If you are a student filing taxes for the first time, be sure to give yourself at least a weekend to complete the process. The process of filing taxes can be burdensome and time-consuming. Rushing to complete the process will usually mean that you miss a tax deduction or forget to add an important piece of information to your tax file. Giving yourself a weekend will also allow you to have the maximum amount of time you need to become familiar with the process of filing taxes. This will making the filing of your taxes in the next year much easier.
Who can help someone filing their taxes for the first time?
A tax accountant is the best place to get help for the first time when filing income tax forms. No accountant is necessary if using the EZ forms. The library also has up to date books to help with the filing of income tax forms.
How old do you have to be to stop filing income taxes taxes?
There is no age limit for filing income taxes in the United States. The only time you do not have to file tax returns is if your income falls below the minimum amount requiring you to do so.
Find a Website with Good Customer Service?
If you are filing taxes online for the first time, then you need to be sure to use a website with good customer service. A website with good customer service can be of immeasurable value to you. You need to be able to ask as many questions throughout the process of filing your taxes for the first time. Being able to ask questions will enable you to be as informed as possible and get the best possible refund. In addition, good customer service will help keep you from making mistakes in the filing of your taxes that could be costly.
What extension is there for gift tax when the donor obtain an automatic filing extension for income taxes?
When filing an extension for income taxes related to gift taxes, you are granted an automatic extension. As long as the paperwork is filed on time, an automatic 6 month extension is given.
The Benefits of Free Tax Filing Software?
Tax time can be a burdensome event for many individuals who file their own taxes. Staying abreast on the current tax laws can seem overwhelming. The evolution of tax filing software has made filing taxes easier than ever before. What is even more exceptional is that many popular tax filing services offer free tax filing software to first time customers. The free tax filing software offered by many companies helps you catch eligible deductions and tax credits, and reduces your chance of being audited by the IRS.
What are the consequences of not filing personal income taxes?
Paying large fines or even doing jail time.
Do you get audited when you file your taxes?
Yes, the IRS can audit you at any time within 5 years after filing.
Can you file taxes if are pregnant and have not worked?
with no income what would you be filing taxes on
What are some steps for filing back taxes?
There are a number of steps that one should take when filing back taxes. One of the first steps would be to obtain not only the financial records needed for that year, but also the relevant tax forms.
When should you start filing your taxes?
The safe option would be to begin filing your taxes as soon as W-2 forms become available.
Can you go to jail for filing a dependent on your taxes?
NO
