Taxes Questions and Answers

How out-of-date do you own to be to folder income duty?

i am 15

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Answers: There is no minimum age. Instead, there's a minimum income requirement. I'm presuming since you're 15 that someone (your parents, probably) can claim you as a dependent.

If you made $5,350 or more, you MUST file a charge return. If you made more than $850 in "unearned income" (interest, dividends, etc), you MUST wallet a tax return.

If you worked, and your employer withheld any federal or state income tariff, then you SHOULD database a return even if you made less than $5,350, because you'll hold no tax liability and anything withheld by your employer will be returned to you (a refund).

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It doesn't depend on age. If you hold income, you can file a levy return. If you have over $5350 from a position with a W-2, or over $400 income from self employment, you are required to folder.

What is a levy exemption?

i talked to IRS, and they said my excise exemption is $3400. what is that? i should have asked, but never did. appreciation everyone

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Answers: When you file your excise return, you are able to subtract an exemption for you, your spouse, and any dependents you claim. The exemption is $3,400 for each.

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An exemption is the amount of money you can earn specifically NOT subject to taxes. Every person get one exemption. That exemption can either be claimed by the personality, or by someone who can claim the person as a dependent.

Already i apply correction of PAN card on 05-12-2007 ?

sorry sir; i was already apply correction of my PAN card on 05-12-2007. very soon what its status please give me details on
my correction of PAN card.
PAN card no ; AMSPG 3254 A.
post id ; obulreddyg(a)yahoo.co.surrounded by

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Answers: APPLN NUMBER 702401503
COUPON NUMBER 022625490
PAN NUMBER AMSPG3254A
APPL_NAME OBULA REDDY GANGADASARI
STATUS UNDER PPC OBJECTION
DESP DATE null
DESPATCH MODE NA

There is some PPC objection. I have already given you the address of UTI, Koti, Hyderabad. Contact them and ask what is PPC objection and clear it first. Do not verbs. Things will clear soon.

N.J.Reddy.