Federal Taxation: Who is required to file a tax return?
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Which of the following individuals are required to file a tax return for 2012? Should any of these individuals file a return even if filing is not required? Why or why not?
a) Patricia, age 19, is self employed single individual with gross income of $4,500 from an unincorporated business. Business expenses amounted to $4,300.
b) Mike is single and is 67 years old. His gross income from wages was $11,000.
c) Ronald is a dependent child under age 19 who received $6,000 in wages from a part time job.
d) Sam is married and files a joint return with his spouse, Lana. Both Sam and Lana are 67 years old. Their combined gross income was $21,900.
e) Quinn, age 20, is full time college student who is claimed as a dependent by his parents. For 2012, Quinn has taxable interest and dividends of $2,500.
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Solution Summary
This solution discusses which of the following individuals are required to file a tax return for 2012, and if any individuals should file a return even if filing is not required. Each scenario is answered.
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a. No, Patricia doesn't need to file because she is under age 65 and made less than $9,500.
b. Yes, Mike needs to file because he is single and his income is over the minimum of 10,950 (it is 10,950 for single taxpayers over age 65). ...
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