I tried doing a search on the forums but I don't think there's anything similar, but if I missed it please excuse me!
And I'm actually asking on behalf of my mother, since she's not very computer literate.
Basically I'm wondering if she has to file taxes for this year based on her current situation:
And of course if I need to seek the help of a CPA I will do so as well, but I just wanted to get a general idea first.
From my understanding, even though she has unearned interest income and dividends, the fact that it's under the $9,350 (in at least 2010) she should probably not need to file any taxes in 2011.
Is that right or am I missing anything? Thanks in advance
And I'm actually asking on behalf of my mother, since she's not very computer literate.
Basically I'm wondering if she has to file taxes for this year based on her current situation:
- She took an early retirement last year and so for 2011 has had no salary
- She's still too young to receive SS or any 401K/IRA distributions
- She has some stocks that might pay small dividends and also savings interest income but all of that should be under $2000
- This year she hasn't had any financial movements such as selling stocks or stuff like that
And of course if I need to seek the help of a CPA I will do so as well, but I just wanted to get a general idea first.
From my understanding, even though she has unearned interest income and dividends, the fact that it's under the $9,350 (in at least 2010) she should probably not need to file any taxes in 2011.
Is that right or am I missing anything? Thanks in advance