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Students who are 16 years old and wish to drop out must have the consent of both the parents and the school district. In Mississippi, the legal age for a student to drop out of high school is 17 years old.
For the IRS to accept an offer, you must file all tax returns due and be current with estimated tax payments or withholding. If you own a business and have employees, you must file all returns and be current on all your federal tax deposits. NOTE: If you or your business is currently in an open bankruptcy.