Business Homework Solutions
#259464
Tax return filing requirements; consequences of failure to file.
3. When is a taxpayer required to file a federal income tax return?
What are the consequences of failing to file a tax return that you were otherwise required to file?
When would a taxpayer with no income tax liability and no withholding want to file a tax return?
A table is attached which clearly defines the filing limits for each of the various filing statuses. The solution explains 4 consequences of failing to file a return followed by 6 possible reasons to file even though not required to file.
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- 259464 - table.docx
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