2006-10-12 15:27:56 · 8 answers · asked by tndelger 1 in Business & Finance ➔ Taxes ➔ United States
when you file taxes there is a section that ask how much did you pay for extra expenses example child care, you can put it there but....you also have to pay the back taxes if you file because that will be a red flag to be audit.
2006-10-12 15:44:18 · answer #1 · answered by onecalmbutterfly 2 · 0⤊ 0⤋
The IRS makes you file taxes --- not so that you can get money back, but so you can pay if you owe them.
If you are self-employed, then your vendors will provide a 1099 form to the IRS saying how much they paid you, so that they can prove it's a cost, and they won't have to pay taxes on this amount.
The IRS collects these and compares them to what you declared as income. If you file and they're different, then you get audited. If you don't file, then they get very unhappy with you.
If you make under a certain amount, however -- like you're a kid doing babysitting -- then you need not file. It's a good idea to check out each year's tax booklets for this information cuz they change the tax code every 42.5 nano-seconds. (Keeps us off guard.)
Good luck. I pay a tax accountant big bucks every year to deal with this hassle and it's worth the money and the serenity...
2006-10-12 15:46:07 · answer #2 · answered by Boomer Wisdom 7 · 0⤊ 0⤋
If you did not have taxes withheld you first have to determine if you meet the minimum income requirements for filing. If so, you must file and may owe taxes unless you can offset your liability with exemptions.
If you don't meet the minimum income requirements for filing, then you do not have to file and cannot claim a refund since you paid nothing into the system, unless you qualify for the Earned Income Credit.
The only tax relief you are entitled to may be a real estate tax exemption for renters, if allowed by your state.
2006-10-12 20:53:22 · answer #3 · answered by HoneySuite 5 · 0⤊ 0⤋
You are required to pay taxes on all income...whether or not taxes have been taken out.
And there are instances where you can get a refund without paying taxes....that's the Earned Income Tax Credit, which was designed to encourage people with low incomes to file their taxes.
2006-10-12 15:38:48 · answer #4 · answered by T H 4 · 1⤊ 0⤋
Your question is sketchy but here goes. If you are between the ages of 25 and 65 and have no children you may be eligible for an EIC payment yourself. If you had earnings and have children you may be eligible for both EIC AND CTC refunds on your return with nothing having been withheld. If you wish to e-mail me with details I will give you exact refunds using 2005 stats.
2006-10-13 04:15:25 · answer #5 · answered by acmeraven 7 · 0⤊ 0⤋
You have to file a Schedule C I believe, for self-employment
2006-10-12 15:35:40 · answer #6 · answered by Smart Kitty 3 · 1⤊ 0⤋
You are not entitled to a refund if you did not have any taxes withheld.
2006-10-12 15:30:41 · answer #7 · answered by Gremlin 2 · 0⤊ 0⤋
Yes, but you must have all your receipts
2006-10-12 15:32:38 · answer #8 · answered by Ms. Goose 2 · 0⤊ 0⤋