January 27, 2010 – 1:25 pm
Must I File a Tax Return for 2009?
The short answer to this question, do I have to file a tax return, is yes if your income is above the level required for your filing status. But a couple additional pieces of information affect the answer including your age and the source of your income. IRS.gov is a great resource for the exact tax rules.
In addition to the requirement, it makes sense to file a return to get a refund on any taxes that you did pay during the year. There is the special tax credit, Making Work … Read the rest
By Steve
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Posted in e-file, tax credit, tax filing, tax tips
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Also tagged Alternative Minimum Tax, do i need to file, do i need to file a return?, Earned Income Tax Credit, file a tax return, get a refund, internal revenue service, irs requirements, medical savings accounts, Medicare, must i file, Return, social security and medicare, Tax, tax credit, tax return, United States
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January 7, 2010 – 2:16 pm
Exemptions and Dependents 101
When preparing your federal 2009 tax return for filing, make sure to know the basic rules about exemptions and dependents. Understand what happens when someone claims you as a dependent or how exemptions affect your return. Your refund will be affected by all these conditions.
To begin with, when someone claims you as a dependent you may still need to file a return. Depending on your income, your filing status, special tax situations, or Advanced Earned Income you will need to file a return to the IRS. Check Publication 501 for exact details about when … Read the rest
