Our Experience

Tips for Last-Minute Filers
With the tax filing deadline close at hand, Kerry offers some
tips for those still working on their paper tax forms:

• Put all required Social Security numbers on the return
• Double-check your figures
• Sign your form
• Attach all required schedules
• Send your return or request an extension by the April filing
deadline

The numbers to check most carefully on the tax return are the
identification numbers — usually Social Security numbers — for
each person listed. This includes the taxpayer, spouse,
dependents and persons listed in relation to claims for the Child
Care or Earned Income Tax Credits. Missing, incorrect or
illegible Social Security Numbers can delay or reduce a tax
refund.

Taxpayers should also check that they have correctly figured
the refund or balance due and have used the right figure from
the tax table.

Taxpayers must sign and date their returns. Both spouses must
sign a joint return, even if only one had income. Anyone paid to
prepare a return must also sign it.

People sending a payment should make the check out to
“United States
Treasury” and should enclose it with, but not attach it to, the tax
return or the Form 1040-V, Payment Voucher,” if used. The
check should include the taxpayer’s Social Security number,
daytime phone number, the tax year and the type of form filed.

By the April due date, taxpayers should either file a return or
request an extension of time to file. Remember, the extension of
time to file is not an extension of time to pay.

Forms and publications and helpful information on a variety of
tax subjects are available around the clock on IRS.gov.

"The Taxpayers ~ Tax Expert

Tax Tips


		Loan Calculator

	Loan amount ($):
	Interest rate (%):
	Term (years):
	Additional monthly payment ($):

	Monthly payment ($):
	Total interest ($):
	Average monthly interest ($):
	Number of years:

Do I need to file a return?
2009

To taxpayers who have faithfully filed tax returns for years, it may be
surprising to find that they may not have to file. Generally, you do not need
to file a tax return if your income is under these amounts:

Filing Status Federal Arizona resident
                     Under age 65   65 or older Under 65      No tax*
Single                              $8,950           $10,300       $5,500         $6,347
Head of Household          $15,000         $16,350        $5,500        $12,894
Married filing jointly          $17,900         $20,000      $11,000        $12,694
Married filing separately $0                  $0                $5,500         $6,347
Widow(er)                         $17,900        $18,950        --                   --

However... you must file a return if you had self-employment income of
$400 or more.

Or, you should file if someone else (like your parents) could claim you as a
dependent and you earned over $900 or had investment income (interest
on savings, stock dividends, etc.) of more than $300.

Also, you should file a return even if your income is under these limits if
you:

Had withholding on wages, pensions, retirement distributions or investment
accounts.
Are eligible for an earned income credit.
You may be required to file a state return even if you don't have to file a
federal one. There are other circumstances where you might be required
to file, or it might be beneficial to file, so check with an Enrolled Agent to be
sure.

*These figures include the "family tax credit." Even though there is
generally no tax up to this amount, taxpayers must still file a return if their
Arizona incomes are above the "no filing" amount.

For more useful Tools, News and Tips, please visit
my society web site at WWW.PWCEA. Visit both
site regularly for you to the minute tax information.