Hello,
How do I file taxes if I dont have a 1099 or w2? I am sure I would qualify for EIC as single mother of 2 making only about 7200 per year? In prelimiary paperwork through HR Block it was determined I would receive a refund?! This doesnt sound right since I havent actually paid taxes. Also, How do I prove my income? Help! Thanks
2007-02-04 22:32:56 · 2 answers · asked by quint2 1 in Business & Finance ➔ Taxes ➔ United States
Unfortunately EIC is only paid out to the people who pay into it -if you don't pay off every cheque or pay period you are not eligible.The refund could be a GST rebate since your income is below the point where you would pay taxes. As for proving your income - you will need to use whatever records like deposit slips etc to show how much you made.
2007-02-05 02:26:50 · answer #1 · answered by trevorgl 3 · 0⤊ 0⤋
You prove your income through your own records. You can file a return without a 1099. At an income of $7,200 with qualifying children, you will receive a refund.
Although you will pay Social Security and Medicare on your net profits from your self-employment, these taxes are less than the Earned Income Credit.
2007-02-05 06:43:03 · answer #2 · answered by ninasgramma 7 · 1⤊ 0⤋