CCH Financial Planning Toolkit | Others Who Must File a Tax Return

Thursday, January 08, 2009

Tax Planning

Home

Table of Contents

The information you need to manage your personal finances.

Financial Calculators

Calculators to help you assess your financial position and better manage your money.

Planning Tools

Forms and tools to help you organize and manage your personal finances.

Content Licensing

Others Who Must File a Tax Return

Even if you don't have sufficient income to meet the filing thresholds for your filing status, you must file a tax return in order to get an IRS refund for any overpaid estimated taxes or amounts withheld from your paycheck.

You must also file a tax return if any of the following apply to you:

You received an advance earned income credit from your employer (this would be shown in Box 9 of your W-2 Form).
You had net earnings from self-employment of at least $400, as shown on Schedule C or C-EZ.
You had wages of at least $108.28 from a church or church organization that is exempt from Social Security.
You owe any special taxes, such as: uncollected FICA tax on tips, uncollected FICA tax on group-term life insurance over $50,000, Alternative Minimum Tax (AMT), tax on a pension plan or IRA, tax on a Medical Savings Account (MSA), recapture tax on a home purchased with a federally subsidized mortgage, recapture of the qualified electric vehicle credit, or recapture of investment credit or low-income housing credit.

Home