Acres of Diamonds In life it often happens that the answers to our most pressing questions are right in our own backyards. Share | Have A Question About This Topic? Name Email Address Message Thank you! Oops! Related Content Social Security Benefits: How Much Will I Receive Calculating your potential Social Security benefit is a three-step process. Does Your Child Need to File an Income Tax Return? When your child has income, there’s a good chance that he or she will need to report it and pay taxes. What If You Get Audited? The chances of an IRS audit aren't that high. And being audited does not necessarily imply that the IRS suspects wrongdoing.