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Does my 20yrs son @ colledge need to file tax return to get refund? He earned $4000 and tax deducted $400. He also has foreign bank >$50,000 so need to file form 8938?
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May 31, 2019
9:32 PM
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May 31, 2019
9:32 PM
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Does my 20yrs son @ colledge need to file tax return to get refund? He earned $4000 and tax deducted $400. He also has foreign bank >$50,000 so need to file form 8938?
There is no way for him to get a refund of withheld taxes without filing a tax return.
May 31, 2019
9:32 PM
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Does my 20yrs son @ colledge need to file tax return to get refund? He earned $4000 and tax deducted $400. He also has foreign bank >$50,000 so need to file form 8938?
There is no way for him to get a refund of withheld taxes without filing a tax return.
May 31, 2019
9:32 PM
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Does my 20yrs son @ colledge need to file tax return to get refund? He earned $4000 and tax deducted $400. He also has foreign bank >$50,000 so need to file form 8938?
Thanks. In this case does he need to submit form 8938 as well, given owing >$50,000 foreign bank asset? If so can he still use form 1040EZ or needs to be 1040?
May 31, 2019
9:32 PM
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Does my 20yrs son @ colledge need to file tax return to get refund? He earned $4000 and tax deducted $400. He also has foreign bank >$50,000 so need to file form 8938?
The instructions for Form 8938 indicate it can be attached to several returns including Form 1040. Forms 1040-A and EZ are not included.
May 31, 2019
9:32 PM
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Does my 20yrs son @ colledge need to file tax return to get refund? He earned $4000 and tax deducted $400. He also has foreign bank >$50,000 so need to file form 8938?
Great - thanks!
May 31, 2019
9:32 PM
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Does my 20yrs son @ colledge need to file tax return to get refund? He earned $4000 and tax deducted $400. He also has foreign bank >$50,000 so need to file form 8938?
May I ask one more clarification? For my tax return, I will count him as dependent (thus he was withdrawn $400 from his income). Still he can file his own tax return above to get his tax refund (he should pay no tax), correct?
May 31, 2019
9:32 PM
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Does my 20yrs son @ colledge need to file tax return to get refund? He earned $4000 and tax deducted $400. He also has foreign bank >$50,000 so need to file form 8938?
You can claim him as a dependent so long as he did not provide more than 1/2 of his own support, and he can file his return and get a refund of any withheld tax.
May 31, 2019
9:32 PM
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Does my 20yrs son @ colledge need to file tax return to get refund? He earned $4000 and tax deducted $400. He also has foreign bank >$50,000 so need to file form 8938?
Thanks!
May 31, 2019
9:32 PM
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