Let us say, I was bored in April 1989, and I am in college, can my father file tax return including me? It is better for me to file along or file along with my parents?
When should I need to file by myself? When I turn to 24?
Thank you very much!
I mean 1040 tax return form.
I doubt you were bored in April, 1989. Your parents might have been in July, 1988.
As long as you are a student and under the age of 24, if your investment income (interest, dividends, capital gains, etc.) exceeds $1,900, the amount over that is taxed at your parents’ marginal tax rate. If your only income is wages from a summer job, then the kiddie tax doesn’t apply to you. Regardless of your investment income, if you have income from a job, you must file your own Tax Return. If you had $3,000 of investment income, your taxes get a little complicated because the investment income is taxed as though it’s your parents’ income but your wages are taxed at your marginal tax rate. You would file a tax return and use Form 8615 to calculate the tax on the investment income.
When you turn 24 or finish school, the kiddie tax provisions no longer apply.
Several of the other answers are wrong. Be careful.
If your only income is from investments, your parents can use Form 8814, Parents’ Election To Report Child’s Interest and Dividends, to report your income and you would not have to file a separate return.
I hope this helps.
I have to write a paper on two different solutions to a U.S. societal problem presented by any two political party or by any two organizations. This category includes welfare, health care, immigration and border security, privacy, Tax Reform, energy, violence (school violence, violent games, or violence in society in general), voting reform, and conservation.
I don’t really know a lot about these topics and I am to the point where pulling my curly hair straight sounds about right. I just keep getting stuck. Any suggestions?
gay marriage,abortion,recycling,war,animal testing.
I received an Income Tax book, years back and I’ve not got a check.
If you filed your taxes on a income tax form and shows you have a refund,then you should receive it in the mail ,unless you asked for it to be deposited in your bank.Then you would have to send the info.along with your tax forms when you mail it.Otherwise call revenue canada (if you live in Canada)for more info.Before you call you should have your Social Insurance number and other info. handy,as they will ask you for it.Good luck.
What can I say to Liberals who say that if you cut taxes on the Rich and cut the Corporate Tax that the money won’t trickle down and that the Rich and the Corporations will just save the money in their bank accounts or use the money to buy homes and cars and not investec the money in their businesses ?
Tell them to suck a lemon, and by lemon i mean your balls.
Dallas Tax Lawyer (http://www.myirsteam.com) discusses steps to take to prepare your self and to set things up for a successful Tax Return
Duration : 0:2:40
ABC News’ Jonathan Karl has new details on the debate over Tax Reform.
Duration : 0:2:37
I study an example to show the computation of the federal Income Tax of a corporation. For this, I show how to prepare an income statement.
Duration : 0:9:37
A week after the UK’s coalition government announced another $15bn worth of cuts to public services, anti-austerity campaigners are focusing on big corporations that many people believe are not paying their fair share of taxes.
Some estimates place multinational tax evasion in the UK at up to $40b annually.
US-based firms such as Starbucks, McDonald’s and Kentucky Fried Chicken are among the latest companies to be cited as paying only a fraction of taxes on billions in annual profits.
Al Jazeera’s Laurence Lee reports from London.
Duration : 0:2:44
The college that I’m planning to attend is asking for verification but the only 2011 Tax Return my parents have is their personal copy. Do I make a copy of that copy? How do I know what pages to copy?
Yes, you will need a transcript. If your parents have access to a fax machine, the quickest way for them to get the Tax Return Transcript would be to call the IRS at 1-800-829-1040. Your parent must call. They should *not* select the option to inquire about getting a transcript. They should instead press "0" until they get a representative. They should make sure to ask for a "Tax Return Transcript." If they just say "transcript," they may receive their Account Transcript instead, which is insufficient. They will need to be at the fax machine when they call, and they will need to sign the transcript before you turn it in to the Financial Aid Office.
This is why it is important to use the FAFSA’s IRS Data Retrieval Tool whenever possible, as this would not be required.
Romney wants to allow companies who outsource to other countries to bring the profits home to the US without paying taxes on them because he thinks this will encourage more investment in America. This is point six of Romney’s Tax Reform strategy. Can someone tell me how cutting taxes for outsourcers helps encourage investment in the US?
All I can do is frepeat what happened the last time we did this. A corporation repatriated 135,000,000 and 3 months later paid 135,000,000 to the corporate officers as bonuses, creating probably no jobs