I'm a university student and my only income for 2007 was volunteering in a medical study. I was paid a few thousand dollars for being in this study, and no taxes were taken out of the payment I received. It will be reported on a 1099 form, for miscellaneous income, by the organization that conducted the study.
Since that's my only source of income for the year, I'll be way under the $8,450 minimum federal filing limit.
Do I not have to file a federal tax return, since I'm under the minimum limit? Or because it's on a 1099 and not a W-2, do I have to file even though I'm under?
Thanks!
2007-12-13
17:32:53
·
10 answers
·
asked by
Anonymous
in
United States