-
Do I need to file a tax return if I am a dependent who has income?
Contributed by: KeriC, FreeTaxUSA Agent, Tax Pro If someone else is claiming you as dependent it can be tricky to know how to handle your tax situation. Do you include your income on their return or file your own return? Do you have to report your income at all? In this situation, there are a few different income criteria…
-
What do I do if my return is being rejected for not including Form 8862, Information to Claim Certain Credits after Disallowance?
Contributed by: MatthewD, FreeTaxUSA Agent, Tax Pro and RachelS, FreeTaxUSA Agent, Tax Pro After filing electronically, you may get a notice or rejection from the IRS about your refund or tax return stating it was either adjusted/lowered or rejected for this reason: “We didn't allow the amount claimed as Earned Income…
-
Can a nonresident of the U.S. file a tax return with FreeTaxUSA?
Contributed by: Henry FreeTaxUSA Agent, Tax Pro If you are a nonresident and have U.S. source income subject to tax, you probably need to file a U.S. tax return. This includes students, teachers, researchers, and trainees who are temporarily in the U.S. on F, J, M, or Q visas. Nonresidents generally file Form 1040-NR and…
-
How to file a tax return with or without Form 8962 after an e-file rejection
Contributed by: TriciaD, FreeTaxUSA Agent What is Form 8962 and why you might need it? Form 8962 is used to claim the premium tax credit (PTC), which is a refundable credit that helps eligible individuals and families cover the premiums for their health insurance purchased through the Health Insurance Marketplace. Form…
-
Do I need to file a tax return?
Contributed by: KeriC, FreeTaxUSA Agent, TaxPro Most individuals who have income will need to file a federal tax return. However, there are some circumstances where a tax return isn’t required. Here are the top factors used when determining if you need to file a federal tax return: Age considerations. Your age at the end…
-
What do I do if my e-file return is rejected?
Contributed by: CoryF, FreeTaxUSA Agent, Tax Pro I prepared my tax returns and am ready to file them. I checked each entry and software page twice and all my information is correct. I went to submit my tax return for e-file, and it was rejected. What do I do now? If your tax return is rejected for e-file, stay calm and…
-
How do I correct a tax return mistake?
Contributed by: Tricia D, FreeTaxUSA Customer Service Agent How to correct an already submitted tax return Do not panic! If you find a mistake on your tax return after it has been submitted, the IRS allows taxpayers to correct errors or make changes to a return by filing an amended tax return on Form 1040-X. If you're…
-
Do I need to file FinCen Form 114 with the US Department of Treasury, Form 8938 with the IRS, or both?
Contributed by: PhillipB, FreeTaxUSA Agent, Tax Pro FinCen Form 114 You may be required to file a FinCen Form 114 (also known as an FBAR) if the following conditions apply: You have a financial interest in or signature authority over foreign financial accounts that exceed certain thresholds. The total sum of all your…
-
Why should I file an extension and what are the risks?
Contributed by: Tricia D, FreeTaxUSA Agent April is approaching fast, and you’re eager to file your federal tax return. However, you’re still waiting for a document from a family estate. With a week left to file on time, you learn your grandfather's estate filing is running late and you won't receive a Schedule K-1 with…
-
How can I get a bigger tax refund?
Contributed by: Tricia D, FreeTaxUSA Agent For the Americans who receive a tax refund, the opportunity to increase your refund from the IRS may be of interest. Alternatively, you might want to know strategies to prevent owing taxes when the year ends. A tax refund is not a windfall, but rather a combination of a return of…