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Yes unless you are due a refund you will be charged penalties, interest and other charges for failing to file the federal income tax return by the due date and also for failing to pay any income taxes by the due date for the income tax return.

Alternate answer:

Here is what the IRS has to say:

"Refund. Even if you do not have to file a tax return, you should file to get a refund if box 2 shows federal income tax withheld or if you can take the earned income credit."

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Q: Will you be penelized for not filing a us tax return?
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Do you have to file a joint tax return with your spouse if you don't work?

Assuming we are talking about filing federal income tax in the US...No, you don't have to file a joint tax return, but you will probably pay more taxes or lose some tax credits if you file separately.When is it a good idea to file separately? If you think your spouse is evading taxes and you may be liable if you file a joint return, then you should file separately.


If a dependent child files an income tax return will it affect the parent's US tax return?

Yes


How do you get a us tax refund?

By having some income withheld from your worldwide income and then filing an income tax return to claim a refund of some of the amount that may have been over withheld. More than your federal income tax liability on all of your gross worldwide income.


What is the last date of income tax return submission for 2011-2012?

Last date for filing Income Tax Return for AY 2012-13 is 31st July 2012. Lord knows what your trying to ask (if it is a US tax Q). You can/must file for forever, there is never a time that you don't. You can pay estimated amounts, without filing and have no financial detriments. If you underpaid, you may have to pay interest and penalties if lat. Neither 2011 or 2012 is even due yet. If you don't fle a return you remain open to being audited and assessed for it for forever. The time to NOT have to answer Qs about it does not start to run until you file.


What is meaning of 1120 in us taxiation?

Form 1120 is a corporation tax return in the US.

Related questions

Do you have to file a joint tax return with your spouse if you don't work?

Assuming we are talking about filing federal income tax in the US...No, you don't have to file a joint tax return, but you will probably pay more taxes or lose some tax credits if you file separately.When is it a good idea to file separately? If you think your spouse is evading taxes and you may be liable if you file a joint return, then you should file separately.


What is the average US tax bracket?

You do NOT have a average US tax bracket as each taxpayer can have a different filing status on each 1040 federal income tax return that they are required to file reporting all of their gross worldwide income from all sources on the 1040 income tax return. After your 1040 federal income tax return is completely correctly to the line 43 page 2 of your 1040 income tax return TAXABLE INCOME amount. You will have 6 different percentage of marginal tax rates from 10%, 15%, 25%, 28%, 33% and the maximum 35% for the the tax year 2010 at this time July 31 2010. You can find the income amount that the rates would apply to for your filing status by going to the IRS gov website and using the search box for 1040ES and then go to page 8 for the 2010 Tax Rate Schedules


Why do Post Offices in the US routinely stay open late on April 15TH?

To help the last minute taxpayers get the mailed income tax returns postmarked before the April 15 deadline for the filing of their income tax return and the paying of any income taxes that they may owe with the correctly completed income tax return.


If a dependent child files an income tax return will it affect the parent's US tax return?

Yes


How do you get a us tax refund?

By having some income withheld from your worldwide income and then filing an income tax return to claim a refund of some of the amount that may have been over withheld. More than your federal income tax liability on all of your gross worldwide income.


If I am dependent of my husband and he passed away last month do I get a child's portion because I was his dependent?

A spouse is never a "dependent" on a US income tax return. You likely mean that you filed a joint tax return with your husband. You still file a joint return for the year of his passing. In subsequent years, you file as single unless you have dependents that qualify you for an alternative filing status.


Are US religious groups exempt from filing federal income tax returns?

Yes


Does the stepfather have rights to claim child over father when custodail mother doesnt work?

If you're in the US, yes, assuming they are filing a joint tax return, they can claim the child on their taxes, even if Mom did not work.


What is the last date of income tax return submission for 2011-2012?

Last date for filing Income Tax Return for AY 2012-13 is 31st July 2012. Lord knows what your trying to ask (if it is a US tax Q). You can/must file for forever, there is never a time that you don't. You can pay estimated amounts, without filing and have no financial detriments. If you underpaid, you may have to pay interest and penalties if lat. Neither 2011 or 2012 is even due yet. If you don't fle a return you remain open to being audited and assessed for it for forever. The time to NOT have to answer Qs about it does not start to run until you file.


Is there a tax form for 3 year filing?

assuming you are talking about the US.no. in the US you file every year


What is meaning of 1120 in us taxiation?

Form 1120 is a corporation tax return in the US.


Can a same-sex married couple file a joint state income tax return in Kansas?

Yes. Effective November 12, 2014, a same-sex marriage is legal for all purposes in Kansas, including for determining the filing status on state and federal income tax returns.