Monday, March 28, 2011

Mesa CPA's - Chaffee Traasdahl Company, CPA's

Does a dependent child have to file a tax return?
A question came in yesterday concerning when a dependent child must file a tax return. The short simplified answer is that if their income is over $400 reported on a 1099, or over $5,700 reported on a W-2, or if they had income tax withheld for which they want to claim a refund then they are required to file a return.
 

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