European Stars and Stripes (Newspaper) - February 15, 1994, Darmstadt, Hesse                                Qualify for the credit will need to file to get a refund of any income taxes withheld from their wages. On the other hand some people Are required to file even if their incomes Are below the usual thresholds. These include anyone who netted at least $400 from self employment last year owes any special tax such As tax on a premature withdrawal from an individual retirement account or received advanced earned income credit payments from an employer. Here Are the Basic filing thresholds for each Type of return single a person who was under age 65 on dec. 31,1993, must file if Gross income was $6,050 or More. For a person 65 or older the threshold is $6,950. Married filing jointly for two spouses under age 65, a return must be filed if income was $10,900 or More. If one spouse is 65 or older the threshold is $11,600 if both Are at least 65,  $12,300. Married filing separately file if income was $2,350 or More. -. Head of household if you were under 65 at year s end you must file if income was at least $7,800. If you were older the threshold is $8,700. A head of household pays a lower tax rate than a single person. To qualify you must have been unmarried on dec. 31,1993, and paid More than half the Cost of maintaining the principal Home in which you lived with a qualified relative for More than half the year. That includes a child or a dependent grandchild Parent grandparent aunt Uncle Niece Nephew or most in Laws but not a Cousin. Your Parent need not live with you but any other relative must. Qualifying widow or widower file if you were under 65 at year end and income was $8,550 or More. If you were 65 or older the threshold is $9,250. This filing status allows you to save Money by using joint return tax rates. If your spouse died in 1991 or 1992 and you had not remarried by the end of 1993, you May file As a qualifying widow if ". " you paid Over half the Cost of maintaining for All of 1993 the principal Home for a child you were eligible to claim As a dependent and you were entitled to file a joint return the year your spouse died. You May file a joint return if your spouse died in 1993 and you did not remarry during the year. The same is True if your spouse died in 1994 before filing a return. Dependents the rules change if you can be claimed As a dependent by a Parent a relative or anyone else. You must file if under 65, earnings wages tips and the like exceeded $3,700 $3,100 if married and unearned income such As interest and dividends was Zero. Under 65, married or single total income was Over $600 and you had at least $1 of unearned income. Single and 65 or older earned income exceeded $4,600, or unearned income exceeded $1,500. There is a third test add $900 plus whichever is larger $600 or your earned income up to $3,700. You must file if total income is bigger than that sum. Married and under 65, earned income exceeded $3,100, or if Gross income was More than $600 and you had $1 or More unlearned income. Married and 65 or older and had earned income Over $3,800, or unearned income exceeded $1,300. A third test add $700 and whichever is larger $600 or your earned income up to $3,100. File if total income exceeds that sum. Wednesday income dependents and tax forms. 15 hot deadline for All by Kevin Robinson staff writer Merican military personnel serving in Somalia or in the former Yugoslavia on March 15 will have until oct. 15 to file their Federal income tax returns an official from the internal Revenue service said. This seven month Extension is solely for filing the tax return. Anyone who owes income taxes must pay by the irs deadline of april 15, said Marcia Shelton a taxpayer service specialist in the . Embassy at Bonn Germany. To let the irs know that a service member is entitled to this Extension members of the military should write either Somalia or Yugoslavia in bold letters at the top of their tax returns when they Are filing Shelton said in a statement faxed to the stars and stripes. If anyone entitled to an Extension receives correspondence from the irs regarding a pending tax matter they should write currently serving in Somalia or Yugoslavia at the top of the notice and return it to the issuing irs office she added. For those deployed to Somalia or the former Yugoslavia on or after March 15, the special filing Extension waives any penalties that May be assessed for late filing before oct. 15,.  ,. A. All americans overseas have until june 15 to file their Federal tax returns. However they must write either overseas Filer or taxpayer living abroad on 15 april 1994 automatic Extension applies tax officials said. Again this does t excuse any amount owed the irs on april 15. Interest will begin to stack up on that amount after april 15. If another two month Extension is needed after june 15, it must be applied for through the irs form 4868 before june 15, Shelton said. For More time filers must submit an irs form 2688 along with the reason for the Extension. This form also must be submitted before aug. 15. If approved the form 2688 extends time to file up to dec. 15. If someone knows ahead of time that they will be on an extended deployment they can file the form 2688 ahead of time and that will give them an indefinite amount of time through december Shelton said. A service member s spouse or Legal representative can also file that Extension for him she said. If there is reasonable cause for not filing that will be taken into consideration. We do try to look out for the  is Vince Crawley a sentry at the american compound in Macedonia once part of Yugoslavia Peers at the Distant Hills. Don t be late if a taxpayer does not have an approved v Extension penalties and interest can compound for a late return and on any taxes owed \ for example if an overseas taxpayer with a two month filing Extension until june 15 owed $300 in Federal income taxes the following would apply f.-. V. After april 15, interest at a rate of 7 percent annually compounded daily would begin to accrue. Based on $300 owed of april 15, the added interest would be $3.59 on june 16 $7.10 on aug. 15 and $10.71 on act 15. If the tax return is More than 60 Days late it can be assessed a minimum penalty of $100 or the amount of tax owed whichever is smaller if less than six months late these penalties can compound by 5 percent of what is owed each month but cannot exceed 25 percent of the total tax. Penalties of 1/2 of 1 percent will be assessed each month or part of the month for failure to pay ate taxes. For example based on $300 owed a penalty of $1.50 is assessed if paid one Day after april 15. Source irs is tuesday february 15,1994 the stars and stripes 19