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INTERMEDIATE MEMBERSHIP 2023
SENIOR, ASSOCIATE, INTERMEDIATE members spouses and their children (under the age
of 21 and still at home) shall enjoy Club privileges.INTERMEDIATE: INTERMEDIATES pay
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What do my parents need?
Your parents may need various documents and information to complete their tax filings, such as income statements, tax deductions, and relevant personal details.
Who is required to file?
Generally, individuals who meet certain income thresholds, filing status, and age requirements are required to file taxes. Your parents should check specific guidelines based on their situation.
How to fill out?
To fill out their taxes, your parents will need to gather their financial information, select the correct forms, and follow the instructions provided by the IRS or tax software to ensure accuracy.
What is the purpose?
The purpose of filing is to report income to the IRS, calculate any taxes owed, claim deductions or credits, and determine eligibility for refunds.
What information must be reported?
They must report income from all sources, including wages, interest, dividends, and any other earnings, along with deductions and credits they are eligible for.
What is the penalty for late filing?
The penalty for late filing can vary, but typically it is a percentage of the tax owed, which increases the longer the return is delayed, along with potential interest on unpaid amounts.
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