Tax Filing

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Do I Have to File State Taxes If I Owe Nothing?

e Internal Revenue Service has a federal filing requirement for everyone who meets a minimum income level or who received certain types of earnings. State tax-filing requirements, however, differ from state to state, so even if you don't owe state tax you may be required to file ...

What Happens If You Don't Pay Quarterly Tax Installments on Time?

you're self-employed or you have income from which taxes aren't withheld, the Internal Revenue Service requires you to make estimated tax payments each quarter. By the time tax day rolls around, you should have already paid most of the taxes you owed. It that isn't the case, ...

How to Sign Tax Return if Taxpayer Dies Before Filing Taxes

e Internal Revenue Service collects income taxes, even for taxpayers who died during the year. The surviving spouse -- if there is one -- can file and sign the return. An estate executor or a personal representative, who is often a relative of the deceased, can also sign the ...

Can I Be Denied a Tax Extension?

tax deadlines are looming and you’re nowhere near ready to file, a tax extension might be the perfect solution. The IRS can’t deny a tax extension if your request is made timely, but you’ll want to secure proof of your application in case the IRS ever ...

Does Filing Your Taxes Electronically Increase Your Chances of an IRS Audit?

ing audited by the IRS is the most dreaded fear of most taxpayers, but instead of panicking, it would be helpful if taxpayers understood what triggers an audit. You may think the IRS is out to get you, but really, the service is just searching for discrepancies that indicate ...

What If You Forgot to Deduct Your IRA Contribution?

t every deposit you make to an IRA is tax-deductible. Roth IRAs give you a tax break when you start taking distributions at retirement while traditional IRAs work the other way: You take a deduction the year you set the money aside and pay income taxes when you withdraw it. If ...

Can You File a 1040EZ If You Received Social Security Benefits?

e Internal Revenue Service offers taxpayers a choice of three individual income tax return forms: 1040, 1040A and 1040EZ. The EZ is simplest, but restricted in its use. The 1040 is the only option that allows itemizing deductions and handling situations like self-employment ...

Can I Collect a State Tax Refund From Three Years Ago?

though you are generally not required to file a tax return if your return will result in a refund, the Internal Revenue Service and your state's department of revenue urge you to file to claim your refund. Whether you were out of the country for work, incapacitated due to ...

Can I File Married Separately & Deduct the Mortgage While My Spouse Claims the Standard Deduction?

ce you get married, you might notice that itemizing your deductions for such things as mortgage interest doesn't provide the same proportional savings impact as it did when you were single. You might be better off taking the higher standard deduction for married couples on a ...

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