Question: a. What determines who must file a tax return? b. Is an individual required to file a tax return if he or she owes no

a. What determines who must file a tax return?
b. Is an individual required to file a tax return if he or she owes no tax?

Step by Step Solution

★★★★★

3.25 Rating (166 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a In general it is the taxpayers gross income that determines whethe... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

638-L-B-L-T-L (2509).docx

120 KBs Word File

Students Have Also Explored These Related Business Law Questions!

Q:

a. What determines who must file a tax return? b. Is an individual required to file a tax return if he or she owes no tax?

Q:

What determines who must file a tax return?

Q:

What determines if a taxpayer is required to file a tax return? If a taxpayer is not required to file a tax return, does this mean that the taxpayer should not file a tax return?

Q:

Mr. and Mrs. Scoler sold commercial real estate for $748,000. Their adjusted basis at date of sale was $623,200 ($675,000 cost $51,800 straight-line accumulated depreciation). They will file their...

Q:

2 Mr. and Mrs. Scoler sold commercial real estate for $616,000. Their adjusted basis at date of sale was $476,500 ($531,000 cost - $54,500 straight-line accumulated depreciation). They will file...

Q:

Mr. and Mrs. Scoler sold commercial real estate for $640,000. Their adjusted basis at date of sale was $503,500 ($555,000 cost $51,500 straight-line accumulated depreciation). They will file their...

Q:

Mr. and Mrs. Scoler sold commercial real estate for $716,000. Their adjusted basis at date of sale was $583,100 ($640,000 cost $56,900 straight-line accumulated depreciation). They will file their...

Q:

Mr. and Mrs. Scoler sold commercial real estate for $754,000. Their adjusted basis at date of sale was $622,800 ($678,000 cost - $55,200 straight-line accumulated depreciation). They will file their...

Q:

1.25 2 points Mr. and Mrs. Scoler sold commercial real estate for $718,000. Their adjusted basis at date of sale was $601,300 ($654,000 cost $52,700 straight-line accumulated depreciation). They will...

Q:

Mr. and Mrs. Scoler sold commercial real estate for $685,000. Their adjusted basis at date of sale was $544700 ($596.600 cost- $51,900 straight-line accumulated depreciation). They will file their...

Q:

Determine what alkyne and what reagent will give CI CI Cl a. b. CI Cl

Q:

Propose a series of at least three consumer research studies (in tandem) which you may recommend Mr. Venkatraman to follow before launching the shampoo he has in mind for the Indian market.

Q:

Program 1 Write a function called SumOfThree that accepts 3 floating point numbers as parameters. The function should return the sum of the numbers. Write a function called AverageOfThree that...

Q:

(L.O. 5) The following data are available for 2014: Allowance for Doubtful Accounts, January 1 $ 41,000 Writeoffs of accounts receivable during the year 35,000 Net credit sales for the year 1,300,000...

Q:

Refer to problem 53. Alex uses the automobile for 3 years and then sells it. During this period, he properly deducts a total of $3,600 in depreciation. What is Alexs gain or loss on the automobile if...

Q:

Yohanses aunt Millie gives him a storage warehouse valued at $250,000 to use in his delivery business. The warehouse has been vacant since Millie inherited it from her grandfather several years ago....

Q:

Refer to problem 55. Yohanse uses the warehouse for 4 years and sells it. During this period, he properly deducts a total of $25,000 in depreciation. What is Yohanses gain or loss on the warehouse if...

Q:

You are a college sophomore who tutors fellow classmates in your free time for extra money. With your current abilities, you can earn $3,000 per year for the next three years from tutoring. However,...

Q:

o fat IN www ( 40 MANAT PANDA ka bodi post og 3 JA TA VE bg www BASAD Section 3 Gestion of 1 www ( SEPENDING hang me pe ate Clergy (2021) Obat ang i Ho GUESTION 5:10 RABBI SMALL RECEIVED THE...

Q:

I got A but Im not sure I did this correctly Recevable of $4,800, and an increase in Account Payable of 52,500 . What is the net cash fow fram operating activities? A. 519.130 14. 14750 C. $39.750 1....