Friday, May 14, 2010

INCOME TAX-FILING INFORMATION

Do i have to file return?
You must file a federal income tax return if you are a citizen or resident of the United States or a resident of Puerto Rico and you meet the filing requirements for any of the following categories that apply to you.
The filing requirements apply even if you do not owe tax.
1. Individuals—in general:
If you are a U.S. citizen or resident, you must file a return depends on three factors:
• Your gross income,
• Your filing status, and
• Your age.
Gross income. This includes all income you receive in the form of money, goods, property, and services that is not exempt from tax.
Filing status. Your filing status depends on whether you are single or married and on your family situation. Your filing status is determined on the last day of your tax year, which is December 31 for most taxpayers.
Age. If you are 65 or older at the end of the year, you generally can have a higher amount of gross income than other taxpayers before you must file. You are considered 65 on the day before your 65th birthday.

Source www.infotaxsquare.com is providing business documents filing in all 50 states.

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