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Is it true that Seniors & Retirees must file a federal tax return? I thought only the working people file tax returns. I didn't know Seniors & Retirees still do. This is new to me I must say.
I became my Aunt's DPOA and Caregiver about 3 months ago. A few days ago she recieved these papers in the mail,

2013 Chase Bank 1099 - INT Interest Income (Copy B)
&
Form SSA - 1099 - Social Sercurity Benefit statement.

How do I file her taxes? What forms do I need to get? As example 1040 or what?

I've done my own taxes online thru either H&R Block or Turbo Tax for many yrs.
I don't understand how to file with no W-2s.I holding off waiting to see if more tax forms come in the mail for her before I attempt to file her taxes.I'm a dummy when it comes to Seniors & Retirees filing.
With this Form SSA - 1099 - Social Sercurity Benefit statement it states box 5 May be taxable income."May be"?either it is or it isn't which is it?This is confusing!
Can someone help me with this?
SSA is taxable income?The back side of this form SSA - 1099 is like this below,
A:Enter total amount in box 5__________ example $20,000.
B:Enter one half of that amount in box A___________example $10,000.
C:Enter your Total Income that is taxable__________.How do I know what is taxable and what is not taxable?
D:Enter any tax exempt interest__________.
E:Add lines B,C and D here and read the following below_________.
Part of your SS may be taxable if,you file separately and line E is above zero (More then $25,000)if you lived apart from your spouse for all of 2013.
I'm not understanding this at all.More then "Zero" More then $25,000?Which is it?More then Zero or more then $25,000?
I'm not understanding question C,Enter your total income________ is the where I put $20,000?
Question E,Add lines B,C and D enter here_______.I'm not understanding this?
Example her total SSA-1099 states $20,000.So,I take it that means this is her total income $20,000.Is this the same amount I need to put in question C?
If so,I'm told to add lines B,C and D and enter that total in box E.
If I'm correct Line E should read $30,000?Total income $20,000 plus half of $20,000 = $10,000 Totals $30,000 correct?
This Notice 703 form isn't telling me what is taxable?

I'm not understanding this at all.Her total income originally was $20,000.IRS is telling me to add Half of her total income to her total income.Why is the IRS asking me to add another half income to her original income?

Can I do her taxes online through H& R Block?Would this be easier to do?

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Turbo Tax will walk you through it, as well as other tax software ie) shows you exactly where to add 1099R, SAA 1099, 1099 INT,etc
As far as signing goes: I signed my name and DPOA
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I do my parents' taxes. It is pretty simple except that they receive little bits of money from so many places. It is time consuming reporting where the money came from, but the rest is simple. Their social security is not taxed because they make below a certain amount. The state also does not tax social security in Alabama, which is nice.
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If you do your own taxes online through a software package, then you can do your aunt's with the same software package you use. The worksheet that comes with a a SSA-1099 is too confusing. You are better off using the SSA worksheet in the 1040EZ or 1040A instruction publication.
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Looking over this form,
A:Enter total amount in box 5__________
B:Enter one half of that amount in box A___________
C:Enter your Total Income that is taxable__________.
D:Enter any tax exempt interest__________.
E:Add lines B,C and D here and read the following below_________.
Part of your SS may be taxable if,you file separately and line E is above zero (More then $25,000)if you lived apart from your spouse for all of 2013.
(A) is where you would enter the total SS amount you recieved in 2013.As example 20,000.
(B)Is telling you to take half the amount stated in (A) and enter it in on line B.So,half of 20,000 is 10,000.10,000 would be entered in line B.
(C)Enter your Total Income that is taxable?????What?That's why I'm filling out this form is to find out what is taxable!..This form states fill out this form to find out if your SS is taxable or not.It's not telling me if SS is taxable or not.If it is taxable,I guess I enter the amount as stated in A:Enter total amount in box 5__________
20,000.
D:Enter any tax exempt interest as example 89.00
E:Add lines B,C and D here and read the following below,10,000 +20,000+89.00=30,089.00.read the following below,
Part of your SS may be taxable if,you file separately and line E is above zero (More then $25,000)if you lived apart from your spouse for all of 2013.
So,my Aunt lives alone that means she is filing separately "Single".E is above zero and more then 25,000 as E is 30,089.00.E wouldn't of been higher then 25,000 if they didn't ask me to add half of her total income in line B.If you look this all over?
This form is telling me that my Aunt must pay taxes on her total SS income of 20,089 plus another half of her income stated makes it 30,089.Why add another half is beyond me?
Wow I must say,
I had no idea that the GOV taxes their Own money that they give to their elderly's.What gets me about this is,The IRS takes SS out of everyone's pay checks once a week.At the end of that year.We all must file taxes on that SS we paid in.With that said,the elderly paid taxes on that SS years ago when they was working "employeed" as stated on their W2's yrs ago.This stuff is crazy to understand for any dummy.

I was wondering if I needed to have my Aunt go with me into H& R block.Since,it is her taxes that needs done this yr.Since,I'm her DPOA I guess I could go alone my self to get this stuff done for her.I hope I don't run into problems as her signature needed?
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Go to theIRS.gov website. Your Aunt's income qualifies for the free file software that does the computations for you and will e-file the return for you if she has any type of taxable income. Social Security can be taxed up to 85% depending on total income. If her interest income is not alot, your Aunt may not have any of her income taxable.
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Let's say she gets $20,000 in SS and $10,000 interest from a bank. Half the SS + interest from bank = $20,000 so it is less than $25,000. She doesn't have to file if she is single and over 65. See irs.gov/pub/irs-pdf/p501.pdf
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If all she has is SS, she wouldn't have to file, but since she has interest income, that makes a different scenario. You don't have to take her with you, just bring her 1099's to the office.
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Take my Aunt to H& R Block?I don't think she could hold her urine long enough to get this done.I had no idea elderly's have to file taxes from SS.This is crazy.
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Go to a face to face tax consultant. Many senior centers offer this service.
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