Maybe. There are multiple factors such as income, filing status, dependents and age to determine your filing requirements. Even if you don’t need to file a tax return, there are times when you should. You may qualify for a tax refund even if you don’t have to file. However, you must file a return to claim it. Here are a few possibilities. If you had federal withholding, that may result in a refund. You also might qualify for various refundable credits such as Earned Income Tax Credit, Additional Child Tax Credit and American Opportunity Credit.
- I started a business this year. How should I handle my accounting? What are my tax filing requirements?
- My current tax preparer does an OK job, but I always feel rushed during my tax appointment. Also, he’s difficult to reach when I have a question. I want to change to someone else, but I’m afraid that some information might get lost by going to the new person.
- Do you need to file a federal tax return this year?
- I just got a phone call from someone saying they were from the IRS. They wanted some personal information and my credit card number for back taxes that I owe. I don’t know what they are talking about. What should I do?
- I am about to start a new business and I think I want to incorporate or maybe be an LLC. Which should I pick?