More and more brokerages and making 1099s available ONLY online, meaning the client has to think to go out and retrieve the 1099s. So this time of year is a good time to make a note to verify what brokerage or investment accounts you have, find your login, and make a note to log in at tax time to check for 1099s.
There's a rumor out there that you can stop filing tax returns when you turn 72. This rumor is not true.
How to fix a Schedule C filed in the wrong spouse's name.
Do you have to file a tax return? The filing requirements are based on your gross income. For 2010, a single person under age 65 is required to file a return if their gross income is more than $9,350. A married couple where both spouses are under age 65 are required to file a tax return if their gross income is more [...]