Clarksville IN Tax Office 1446 Horn Street 47129 – State Tax

Clarksville IN Tax Office at 1446 Horn Street is available to assist you if you need to resolve a tax problem, have questions about how the tax law applies to your individual tax return, or you’re more comfortable talking with someone face-to-face, no appointment is necessary.

State Tax Office Clarksville Clarksville District Office
1446 Horn Street/PO Box 3249
Clarksville, IN 47129		   (812) 282-7729
(812) 282-0574 fax

 

  • I would like to report company have 12 employees, but they don’t do w2 or federal tax
    Q) I would like to report a company that have 12 employee but they don’t do w2 or federal tax withdraw or state tax they just pay cash for employee last year the owner they made almost 2 million dollars but they don’t show income tax a lot they rent the atm machines put inside the salon for customer withdraw […]
  • I received a letter 5775 and I want to know what is it about it says it’s not an audit.
    A) Letter 5775 is a notice from the Internal Revenue Service (IRS) that your tax return has been selected for a review. The letter does not mean that you are being audited, but it does mean that the IRS will be looking at your return more closely. The IRS uses a computer program to select tax returns for review. The […]
  • how much interest income for a single individual can have before it is taxed.
    A) The amount of interest income a single individual can have before it is taxed depends on several factors, including the individual’s tax filing status, their total taxable income, and the type of interest income earned. For tax year 2022, if you’re a single filer, under 65 years of age and your total taxable income is less than $12,950, you […]
  • I need to cancel my 11:30 appointment at the 300 E. Joppa Rd. office
    Q) I need to cancel my 11:30 appointment at the 300 E. Joppa Rd. office for Wednesday March 22.Calling to cancel is impossible. A) If calling to cancel your appointment is impossible, you may need to try alternative methods to cancel your appointment at the 300 E. Joppa Rd. office for Wednesday, March 22. Here are some options you can […]
  • Is social security taxed in Indiana?
    A) Social Security benefits are generally not taxed in Indiana. Indiana is one of the few states that do not tax Social Security benefits. However, other types of retirement income may be subject to state taxes in Indiana, such as pension income, 401(k) withdrawals, and IRA distributions. It is always recommended to consult with a tax professional or use tax […]
  • All employers must file a Form W-2
    Every employer engaged in a trade or business who pays remuneration, including noncash payments of $600 or more for the year (all amounts if any income, social security, or Medicare tax was withheld) for services performed by an employee must file a Form W-2 for each employee (even if the employee is related to the employer) from whom: Income, social […]
  • been calling Where’s My Refund for several weeks
    I been calling the Where’s My Refund for several weeks. Calling 800-829-1040 or 800-829-1954. I filled & mailed our Senior form (married-joint) approx May 26th, 2020. Always the system tells me information is Not available. Mailed the tax forms from Mandan ND to Egden, Utah. I’m afraid the postal service could of Lost our envelope. I know with this Virus […]
  • Been over than 21 days IRS received my return, not gotten my refund, why?
    A) There are several reasons why you may not have received your tax refund yet, even though it has been more than 21 days since the IRS received your return. Here are some common reasons why this might happen: Your return may be under review. If the IRS has identified any errors or discrepancies on your tax return, they may […]
  • Been trying to get “return transcript” for year ended 12/31/15
    Q) Been trying to get “return transcript” for year ended 12/31/15 to apply for financial aid for daughter’s college. Efiled 12/31/15 return in late Feb., recd refund in mid-March. Irs.gov is telling me i) tax year 2015 cannot be ordered and ii) address does not match their records. I’ve been living at same address for 17 years. Should I make […]
  • Business Structures
    When beginning a business, you must decide what form of business entity to establish. Your form of business determines which income tax return form you have to file. The most common forms of business are the sole proprietorship, partnership, corporation, and S corporation. A Limited Liability Company (LLC) is a relatively new business structure allowed by state statute.
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  1. admin

    The amount of interest income a single individual can have before it is taxed depends on several factors, including the individual’s tax filing status, their total taxable income, and the type of interest income earned.

    For tax year 2022, if you’re a single filer, under 65 years of age and your total taxable income is less than $12,950, you generally won’t owe federal income tax on interest income. However, if your taxable income exceeds this amount, your interest income will be subject to federal income tax at your ordinary income tax rate.

    If you’re 65 or older, the threshold for tax-free interest income is slightly higher. For tax year 2022, a single filer who is 65 or older and has a total taxable income of less than $15,000 generally won’t owe federal income tax on interest income.

    It’s worth noting that certain types of interest income, such as interest on municipal bonds or savings bonds used for education expenses, may be exempt from federal income tax even if your income exceeds the above thresholds. Additionally, state and local tax laws may also affect the taxation of interest income. It’s best to consult with a tax professional or refer to the IRS website for more information on the specific rules and regulations that apply to your situation.

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