There are generally many situations in which you are required, by law, to file a tax return annually. If you are not sure, then a review of IRS Publication 17 (“Your Federal Income Tax-For Individuals”) at http://www.irs.gov or this link http://www.irs.gov/pub/irs-pdf/p17.pdf should answer your questions Be sure that the Publication 17 that you are reviewing is for the current tax year as new versions are released for each tax year, The information is located on pages 4-7 in that document. Explanations are provided with three relevant tables:
- Â Table 1-1 Filing requirements based on your gross income, or
- Â Table 1-2Â Filing requirements if someone is claiming you as a dependent, or
- Â Table 1-3Â Other situations and circumstances in which you must file
The Internal Revenue Service announced today that the filing deadline for 2010 Federal tax returns which is traditionally April 15th has been extended until April 18th to allow additional time. The delay in filing is not related to the late December extension of the tax law provisions by the U.S. Congress. It is related to the celebration of Emancipation Day in the District of Columbia on April 16th, a Saturday which will be observed as a holiday on Friday, April 15th. By law, Federal tax filing deadlines can not occur on Saturday, Sundays or holidays.
There are also seven or more situations in which you may wish to file a tax return although you are not REQUIRED to do so. Those circumstances are described below: (more…)