Not a bad idea. You will receive a 1099 for the 10K. The IRS computer will look for your returnI'd file even though there is no tax liability just for a matter of record.
I'd file even though there is no tax liability just for a matter of record.
No need to file. What I did when my grandmother was in a similar position and no longer needed to file was a short memo on why she no longer needed to file and put it with her tax papers in case the IRS ever asked. That's all you need to do.Age over 80... Filing jointly. Income from Social Security, and Taxable annuity pay out of $10,000. That's it.
Taxes?
Since you haven't filed for 15 years, it seems unlikely anything is amiss. The SSA and 1099-R keep you below the limit for which you owe taxes.About filing...
I think the state and federal government have forgotten about us. We haven't even filed for more than 15years, and paid no taxes since I closed my business in 1989.
The reason I asked was because I didn't remember much about tax forms. Going to the Government website to understand, I would have needed a lawyer. (
I do taxes for low income/elderly and most come in to make sure their SS number continues to register through tax returns. Kind of an identity theft protections to make sure others haven't tried to file under their SS number.
No need to worry, IL doesn't have any refundable tax credits except the EIC (for which you need a lousy job).
So OP you are not missing out on any refund money from State tax returns.
Might be missing out on a property tax deduction due to low income.
We've had local tax freeze and homestead exemption, since 2004. I figure about $75,000 in total.
+! I do taxes for AARP and always recommend a free return just to make sure no one else can file on your SS#. Helps eliminate fraud and gives tax return numbers needed in my state for a property tax relief law.