Sentences with phrase «to file a federal income tax return»

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

Whether you must file a federal income tax return depends on your gross income, your filing status, your age, and whether you are a dependent.

The individual shared responsibility provision of the health care law requires you, your spouse if you file a joint return, and your dependents to have qualifying health care coverage (minimum essential coverage), qualify for a health coverage exemption, or make a shared responsibility payment when filing your federal income tax return.

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.

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.

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.

The IRS allows a no - questions - asked, six - month extension to file federal income tax returns without penalty.

You may file your Federal income tax return by paper mail, via electronic filing (a.k.a. «e-filing»), through the IRS's Free File program, or by employing a professional tax preparer.

In order to properly file your federal income tax return and pay any tax that you owe, it is necessary to understand your income tax bracket, your filing status, and which income tax rate (s) apply to you.

If your Adjusted Gross Income (AGI) is $ 58,000 or less, you can file your Federal income tax return using a participating Free File Alliance company.

IBR plans use your discretionary income to determine your monthly payment amount based on your previously filed federal income tax return.

You must file for an extension of time to file your Federal income tax return so that you will have the full and complete 180 calendar days to complete your 1031 Exchange transaction.

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.

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 transcript.

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.

Pot is illegal on the federal level, but the IRS code states, «Marijuana businesses are required to file federal income tax returns.»

There are two options for how you can deduct your expenses when you file your federal income tax return.

Eventually, Snipes was found guilty of willfully failing to file federal income tax returns and served three years in prison.

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).

And filing your federal income tax return is no exception.

Simplified Needs Test If the parents have an adjusted gross income of less than $ 50,000 and every family member was eligible to file an IRS Form 1040A or 1040EZ (or wasn't required to file a Federal income tax return), the Federal Methodology ignores assets when computing the EFC.

All of the documents that you will need to file your federal income tax return should be available on the IRS website.

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.

If you filed a federal income tax return jointly with your spouse, the entire refund from that return, including the part that came from withholdings on earnings of your spouse, is subject to offset, even though your spouse is not liable for the defaulted loan.

Assemble your information and determine if you need to file a federal income tax return.

If you are single and your gross income from all sources is under $ 9,750, you may not need to file a federal income tax return.

The IRS Form 1040A is one of three forms you can use to file your federal income tax return.

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

By now many readers have filed their federal income tax returns, and some may even have received (and spent) their... More

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.

For example, if a single filer is under age 65 and has annual gross income less than $ 10,000, they are not subject to Federal income tax, nor are they required to file a Federal income tax return.

An extension will automatically be granted one time upon request provided that the following requirements are met: the plan year and employer's tax year must be the same, the employer has been granted an extension of time to file its federal income tax return and a copy of the application for extension is maintained with the filer's records.

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 transcript.

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.

While most people who earn an income must file a Federal income tax return, that is not true for everyone.

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

The good news is that taxpayers may be able to get a tax break for some of their job search expenses when they file their federal income tax return.

If your income for the year is above a certain amount, you must file a federal income tax return.

As another example, Congress has exempted individuals with incomes under $ 10,350 from the requirement to file a federal income tax return.

You'll pay the fee when you file your federal income tax return.

The law «requires you and each member of your family to have qualifying health care coverage (called minimum essential coverage), qualify for a coverage exemption, or make an individual shared responsibility payment when you file your federal income tax return,» the tax agency says on its website.