Sentences with phrase «filed a federal income tax return in»

If you haven't filed a federal income tax return in the past two years, or if your current income is significantly different from the income reported on your most recent federal income tax return (for example, if you lost your job or have experienced a drop in income), alternative documentation of your income will be used to determine your eligibility and calculate your monthly payment amount.

Any amount of debt forgiven by a creditor is generally considered to be income for tax purposes, so you will have to pay taxes on the amount forgiven when you file your federal income tax return in the year the debt forgiveness occurs.

If you haven't filed a federal income tax return in the past two years, or if your current income is significantly different from the income reported on your most recent federal income tax return (for example, if you lost your job or have experienced a drop in income), alternative documentation of your income will be used to determine your eligibility and calculate your monthly payment amount.

Not exact matches

About $ 1.1 billion in unclaimed federal income tax refunds are waiting for an estimated 1 million Americans who didn't file a 2014 federal income tax return, according to a recent report released by the Internal Revue Service.

If you earned income in the previous year, you must file a federal tax return to the IRS.

You can provide your AGI online using the Income - Driven Repayment Plan Request and use the IRS Data Retrieval Tool in the application to transfer income information from your federal income tax return, or use the paper Income - Driven Repayment Plan Request and provide a paper copy of your most recently filed federal income tax return or IRS tax return transIncome - Driven Repayment Plan Request and use the IRS Data Retrieval Tool in the application to transfer income information from your federal income tax return, or use the paper Income - Driven Repayment Plan Request and provide a paper copy of your most recently filed federal income tax return or IRS tax return transincome information from your federal income tax return, or use the paper Income - Driven Repayment Plan Request and provide a paper copy of your most recently filed federal income tax return or IRS tax return transincome tax return, or use the paper Income - Driven Repayment Plan Request and provide a paper copy of your most recently filed federal income tax return or IRS tax return transIncome - Driven Repayment Plan Request and provide a paper copy of your most recently filed federal income tax return or IRS tax return transincome tax return or IRS tax return transcript.

CapTon's Kaitlyn Ross confirms the Bronx Democrat was asked — and confirmed — that his issue is indeed the provision that would allow gay couples married outside the state to file their state income tax returns as a married couple, regardless of whether or not they can file their federal returns in the same manner.

In short, the provision would allow gay couples married outside the state to file their state income tax returns as a married couple, regardless of whether or not they can file their federal returns in the same manneIn short, the provision would allow gay couples married outside the state to file their state income tax returns as a married couple, regardless of whether or not they can file their federal returns in the same mannein the same manner.

Both Espada and his son also face a separate criminal tax fraud trial in Manhattan federal court on charges that they deliberately misstated their income, filed false returns and intentionally mislabeled personal expenditures utilizing corporate funds as legitimate business expenses.

The state Senate on Wednesday passed a bill to provide the federal court clerks in New York with the names of those individuals, along with the names of anyone who files a state income tax return.

Each of the other states that do will require you to file an annual state income tax return in addition to filing your federal return.

So at the end of the year when you file your federal income tax return for 2016, you may be able to deduct those types of state, local and foreign taxes paid in 2016 from your federal taxes (if you itemize deductions).

If you have not filed a federal tax return in the past two years, or if your income now is substantially different than what it was when you filed, you will have to provide alternative documentation.

If you are a United States citizen you will need to file a federal income tax return every year to determine how much you owe in federal income tax.

This is the first tax season in which many gay and lesbian couples will file federal income tax returns reflecting community property rules.

For the sake of argument, let's say that I make $ 100,000 before taxes each year in my current Washington job and file as single for my federal income tax return.

* Note that if you are filing a resident return in one of the following states (AL, IA, LA, MO, MT or OR) you could be entitled to an additional deduction related to current year federal income tax.

Residents filing in AL, LA, MO and OR are allowed a deduction for federal taxes equal to your federal income tax liability from your return after subtracting certain federal tax credits.

Depending on the amount of income generated in the UGMA account or UTMA account and any other income the child may have, the child may need to file his or her own federal (and possibly state) income tax return and taxes may need to be paid.

Anyone who is a citizen of the United States, even if they have never lived in the US, must file a federal income tax return for any year in which their gross income from worldwide sources is equal to or greater than the applicable exemption amount and standard deduction.

In addition to one's filing status, an individual's age and income will determine if he or she must file a federal income tax return.

File IRS Form 2441 with your personal federal income tax return in order to claim the Tax Credit for Child and Dependent Catax return in order to claim the Tax Credit for Child and Dependent CaTax Credit for Child and Dependent Care.

A: Nonresidents, who work in Georgia or receive income from Georgia sources and are required to file a Federal income tax return, are required to file a Georgia income tax return.

Notably, the White House administration has delayed implementation of the income verification rules, leaving income verification for now on the «honor system» (with random checks of a statistically significant sample to verify compliance), but raising concern from many that there may be a higher incidence of fraudulent income reporting to qualify for the subsidy in the coming year (though ultimately, inappropriately reported amounts could still be recaptured by the Federal government when the subsequent tax return is filed later, as discussed below, limiting the potential scope of any fraud).

A nonresident trust that is required to file a federal return, including a grantor trust, with gross income (as defined in IRC Section 61 (a)-RRB- from Idaho sources of $ 100 or more for the current tax year

A resident trust that is required to file a federal return, including a grantor trust, with gross income (as defined in IRC Section 61 (a)-RRB- of $ 100 or more for the current tax year

In the year of disposition the adjustment will be a subtraction for gain attributable to installment payments to be made in future taxable years provided that (i) the gain arises from an installment sale for which federal law does not permit the dealer to elect installment reporting of income, and (ii) the dealer elects installment treatment of the income for Virginia purposes on or before the due date prescribed by law for filing the taxpayer's income tax returIn the year of disposition the adjustment will be a subtraction for gain attributable to installment payments to be made in future taxable years provided that (i) the gain arises from an installment sale for which federal law does not permit the dealer to elect installment reporting of income, and (ii) the dealer elects installment treatment of the income for Virginia purposes on or before the due date prescribed by law for filing the taxpayer's income tax returin future taxable years provided that (i) the gain arises from an installment sale for which federal law does not permit the dealer to elect installment reporting of income, and (ii) the dealer elects installment treatment of the income for Virginia purposes on or before the due date prescribed by law for filing the taxpayer's income tax return.

Most people defer reporting the interest, putting it off until they are filing a federal income tax return for the year in which they receive what the bond is worth including the interest.

In order to file for an extension for your Federal income tax return, you have three choices:

• Federal & New York State income tax return filing status: can now file «married» and it entitles them to the marital deduction • Recognized for estate and gift tax; applies even if the couple lives in a jurisdiction that doesn't recognize same - sex marriage; Same - sex married couples can transfer property to each other free of gift tax • If divorcing, spousal maintenance is now a tax deduction for the payor and income for the recipient • Retirement plans are now subject to transfer and distribution on divorce without penalty • Social Security survivor benefits are available as well as social security spousal election • NYS recognizes that a child born of a same - sex marriage is the legal child of both parents

In return, you need never file a federal income tax form again.

Starting in 2014, the individual shared responsibility provision calls for each individual to have basic health insurance coverage, qualify for an exemption, or make a shared responsibility payment when filing a federal income tax return.

(2) the due date of the Investor's Federal income tax return for the tax year in which the relinquished property was sold, including any extensions of time to file.

(2) the due date of your Federal income tax return for the tax year in which the relinquished property was sold, including any extensions of time to file.

If a taxpayer files a federal income tax return and reports a transaction as an exchange under Section 1031, based on the expectation that a dwelling unit will meet the qualifying use standards in section 4.02 (2) of this revenue procedure for replacement property, and subsequently determines that the dwelling unit does not meet the qualifying use standards, the taxpayer, if necessary, should file an amended return and not report the transaction as an exchange under Section 1031.