Individual Ch 1 Flashcards
(15 cards)
What is the minimum net income from Self Employment required to file a return?
$400 or receive a 1099
What is not a requirement for Head of Household filing?
Your home was the main home for a foster child for more than half the year
Married, spouse dies during the year. Does not remarry. Filing status for year of spouse death?
MFJ
What is form 9465?
Installment request form
What to file if spouse evades taxes?
Innocent Spouse form 8857
Name changes need to be filed with whom to avoid delays in filing a tax return?
SSA on form SS-5
When a resident or non resident files a return without a SSN, the taxpayer needs to have what?
ITIN (individual tax ID number)
MFJ and refund is being used to settle debt of a spouse prior to marriage. What remedies are available for the other spouse?
File injured spouse (form 8379)
What income is excluded from Gross Income Test?
SSA and muni bond interest
What level is SS benefits taxable
MFS and living with spouse - 85% is taxable
What is the deadline to file for a refund for a tax return?
Three years from the date the return was filed (or April 15 if filed earlier).
What is the minimum income required to file a return if over 65?
$11,500
Form 8888 is what?
Allocation of refund
How many months does a taxpayer have to pay off an installment agreement?
72 months
If someone is able to claim you as a dependent, but doesn’t, can you still claim yourself?
No
