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Federal Taxation: Who is required to file a tax return?

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.

Solution Preview

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). ...

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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