Week 3 Ind HW - Discussion Question I:2-7, part B, a. What...

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Discussion Question I:2-7, part B, a. What determines who must file a tax return? You must file a federal income tax return if you are a citizen or resident of the United States or a resident of Puerto Rico and you meet the filing requirements for any of the following categories that apply to you. 1. Individuals in general. (There are special rules for surviving spouses, executors, administrators, legal representatives, U.S. citizens and residents living outside the United States, residents of Puerto Rico, and individuals with income from U.S. possessions.) 2. Dependents. 3. Certain children under age 19 or full-time students. 4. Self-employed persons. 5. Aliens. The filing requirements apply even if you do not owe tax. If you are a U.S. citizen or resident, whether you must file a return depends on three factors: 1. Your gross income, 2. Your filing status, and 3. Your age. b. Is an individual required to file a tax return if he or she owes no tax? Even if you do not have to file, you should file a tax return if you can get money back. For example, you should file if one of the following applies. 1. You had income tax withheld from your pay. 2.
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Week 3 Ind HW - Discussion Question I:2-7, part B, a. What...

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