Individual Tax FAQs

Do I have to file a tax return?

It depends. DWD recommends that you file a tax return if you receive any income other than social security benefits. We recommend this to begin a statute of limitations for IRS audit. The IRS has published a tool to help determine if you need to file a tax return at the link below:

Do I Need To File A Tax Return?

How long do I need to retain my tax records?

DWD recommends you retain your tax returns for at least 7 years. We recommend you retain your tax returns permanently if there are any issues that require lifetime tracking, i.e. basis schedules. The IRS has a statute of limitations on making assessments within three years after a tax return is due or was filed, whichever is later. If the IRS believes there is underreporting of income, they can request up to 6 years worth of tax records

Source documents such as W-2 and 1099s we recommend you retain for 7 years.

Who can I claim as a dependent?

A taxpayer can claim a “qualifying child” or “qualifying relative” as a dependent. There are specific requirements in order to claim the dependent. Claiming a dependent when it comes to divorced parents can be more complicated. In most cases an additional form must be attached to the return for noncustodial parents.

If you have any questions on whether a person is a dependent or not, please visit the IRS tool below:

Whom May I Claim As A Dependent?

When is my tax return due?

Individual income tax returns are due April 15th. If April 15th falls on a weekend or holiday, then the due date is the next business day after April 15.