Do I Need to File a Tax Return?
Do I need to file a tax return? Do I need to file taxes? This is a common question that our clients ask us. If you are asking the question of do I need to do a tax return, then you've come to the right video.
In this video, we discuss minimum income to file taxes. This is very relevant for students, perhaps you are a student and asking do students have to file a a tax return?
Perhaps you just want to know how much do you have to make to file taxes. I hope this video helps clarify who is required to file a tax return. It is also very commonly asked by a parent does my child need to file a tax return. Does my kid have to file taxes? Yes, we cover that topic too.
We help you navigate the tax rules of the IRS and your filing requirements based on your income and your standard deduction. Your standard deduction is usually what determines whether you need to file a tax return or not. However, it is always depending upon your unique situation. There are special rules for self-employed individuals subject to self-employment taxes. These are the sole proprietors subject to sole proprietorship taxes. The rules are different for these people compared to taxpayers that are earning taxable income on a W-2, which is employee wage income.
If you are not filing taxes then we hope you watch this video to make sure you qualify to be a person not filing taxes with the IRS for your federal income taxes.
ClearValue Tax and affiliates and related parties do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
Видео Do I Need to File a Tax Return? канала ClearValue Tax
In this video, we discuss minimum income to file taxes. This is very relevant for students, perhaps you are a student and asking do students have to file a a tax return?
Perhaps you just want to know how much do you have to make to file taxes. I hope this video helps clarify who is required to file a tax return. It is also very commonly asked by a parent does my child need to file a tax return. Does my kid have to file taxes? Yes, we cover that topic too.
We help you navigate the tax rules of the IRS and your filing requirements based on your income and your standard deduction. Your standard deduction is usually what determines whether you need to file a tax return or not. However, it is always depending upon your unique situation. There are special rules for self-employed individuals subject to self-employment taxes. These are the sole proprietors subject to sole proprietorship taxes. The rules are different for these people compared to taxpayers that are earning taxable income on a W-2, which is employee wage income.
If you are not filing taxes then we hope you watch this video to make sure you qualify to be a person not filing taxes with the IRS for your federal income taxes.
ClearValue Tax and affiliates and related parties do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
Видео Do I Need to File a Tax Return? канала ClearValue Tax
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
I Haven't Filed Taxes In 5 Years!Self Employed TAXES 2021 Explained & Self Employed TAX TIPS (tax return documents & checklist)Small Business Tax Filings - Everything You Need to Know to Avoid IRS Penalties!The Tax Free Tour - VPRO documentary - 2013Do I Have to Pay Gift Taxes? - Gift Taxes Explained!Filing Past Due Taxes. How Many Years WIll IRS Go On Unfiled Returns?How to File Taxes For the First Time (Easy Beginner Guide 2021)Owner's draw vs payroll salary: paying yourself as an owner with Hector Garcia | QuickBooks PayrollLLC & Taxes! What 90% of Barbers Don't Know About WEALTH!IRS Audit Tips and Advice when you receive an IRS Audit Letter6 Drawbacks of an S Corporation That You NEED to KNOW | S Corp Disadvantages🔴 IRS to Monitor EVERY Deposit & Withdrawal in ALL Bank Accounts OVER $600 | Details Explained2020 Estimated Tax Payments [Self Employed]"Country Roads" Guitar Tutorial - Easy Chords & Strumming AND Fingerstyle Version | No CapoSale of a Rental Property Tax Consequences & Depreciation RecaptureDO NOT file all of your old tax returns.5.9% Social Security Increase | $3.5T Stimulus Update | House Passes Debt Ceiling | Daily NewsHow Seniors can Avoid Paying Taxes... Legally!How do you get paid when you're self employed? Invoices explained!TurboTax + Lyft: Maximizing Your Rideshare Driver Tax Deductions [Webinar]