Sentences with phrase «taxpayer files a federal income tax return»

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.

Not exact matches

To get the refund money, taxpayers must file a 2014 federal income tax return by this year's tax deadline, April 17.

Every April, many taxpayers wait until the last minute to file their federal income tax returns.

Top 5 Reasons to File Your Taxes Early Every April, many taxpayers wait until the last minute to file their federal income tax retuFile Your Taxes Early Every April, many taxpayers wait until the last minute to file their federal income tax retufile their federal income tax returns.

Generally, if your total income for the year doesn't exceed the standard deduction plus one exemption and you aren't a dependent to another taxpayer, then you don't need to file a federal tax return.

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 return.

Canadian taxpayers may be able to claim federal, provincial or territorial nonrefundable tax credits when they file their income tax returns.