Who may file a return?
- 1. Who must file a Return? • Individuals who are US Citizens or resident aliens whose gross income is greater than the amounts below Filing Status Age Gross income Single Under 65 10,000 Single 65 or older 11,500 Married filing Jointly Under 65 both spouse 25,000 Married filing Jointly 65 or older one spouse 21,200 Married filing Jointly 65 of older both spouse 22,400 Widow w/ dep Under 65 16,100 Widow w/ dep 65 of older 17,300 Married filing sep Any age 3,900 Head of Household Under 65 12,850 Head of Household 65 or older 14,350 1
- 2. Resident and Nonresident Aliens • Resident Aliens requirements will be the same as US citizens. • Resident aliens will also have a Social Security Number. • Nonresident Aliens use form 1040NR • Nonresident Aliens will have a Tax Id Number • Nonresident Aliens Tax ID number always start with a 9 • Nonresident Aliens can’t take most credits such as earned income credit 2
- 3. There are five basic parts to a return. •Personal Information •Income •Deductions •Credits •Refund Amount or Amount Due 3
- 4. Personal Information • Name of person filing and (spouse) if require • Social Security Number(s) • Address • Filling Status • Dependent(s) • Exemption 4
- 5. Personal Information Name • When electronically filing a return it is very important that the first and last name is keyed in correctly. • Make sure to enter the name as shown on the Social Security card. • If taxpayer is married they must change their name on the Social Security card; if not, they would use their maiden name or shown on social security card. 5
- 6. Social Security Number • This is a very important part of the return; if not keyed in correctly, it can cause a delay in processing the return. 6
- 7. Address • K It is very important for the taxpayer to give their correct mailing address because this is where letters from the IRS will be sent. If the taxpayer’s address change use Form 8822 to notify the IRS of the change. 7