More and more brokerages and making 1099s available ONLY online, meaning the client has to think to go out and retrieve the 1099s. So this time of year is a good time to make a note to verify what brokerage or investment accounts you have, find your login, and make a note to log in at tax time to check for 1099s.
There’s a rumor out there that you can stop filing tax returns when you turn 72. This rumor is not true.
The answer is yes. Your age on December 31 is considered your age for the entire year.
How to fix a Schedule C filed in the wrong spouse’s name.
Do you have to file a tax return? The filing requirements are based on your gross income. For 2010, a single person under age 65 is required to file a return if their gross income is more than $9,350. A married couple where both spouses are under age 65 are required to file a tax return if their gross income is […]