because i don't want to be asked later why i didn't file if i don't file this year
2007-02-23 15:13:24 · 11 answers · asked by .oOBlue MoonOo. 2 in Business & Finance ➔ Taxes ➔ United States
There are other forms of taxable income in addition to wages. Some of these are interest income, dividends income, alimony, capital gains, self employment income, and so on, all of which are listed on page one of Form 1040.
However, go online to irs.gov/instructions/i1040gi/index.html and check the Filing Requirements for Filing Status and Gross Income requirement if you did have income other than wages. There you will find minimum income filing requirements. For example, if your gross income filing Single is less than $8,450, you do not have to file a federal tax return.
State requirements vary but you usually will not have to file a state return if you are not required to file a federal return; check the requirements for your particular state.
2007-02-23 15:43:10 · answer #1 · answered by Latigo 3 · 1⤊ 0⤋
You may still have taxable income even though you didn't work. Did you collect alimony? Did you receive unemployment? Did you earn enough interest to live? All of these are forms of taxable income even though you didn't work.
Also, did you pay any income taxes? If so, you will need to file to get a refund.
Just a few thing to think about.
2007-02-24 00:53:51 · answer #2 · answered by Steve 6 · 0⤊ 0⤋
If you didn't have income last year, then no you don't have to file. But if you had taxable income, for example unemployment comp or investment income, that exceeded the limit to be required to file, then you'd have had to file even if you didn't work during the year.
2007-02-24 12:58:30 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
positive And, once you're due a refund, then there is not any late filing penalty and prices in case you've been no longer a depending, you weren't required to report in the journey that your earnings became $8000, yet can report to receive a refund of withholding each and each year's tax go back is diverse and is filed one after the other from one yet another year in effortless words the present year's returns (2009 now) will be efiled, so for you to print and mail it in in case you wait TOO lengthy, you lose proper to any refund, in effortless words 3 years from date go back due
2016-12-04 21:07:51 · answer #4 · answered by ? 4 · 0⤊ 0⤋
Yes. If you have a savings or a checking account that earned interest. Or the amount of escrow that was paid by your lender on your home along with taxes paid by them as well. This is income that you should receive back. Part of it anyhow. Any 401K or IRA that was cashed in or earned interest on. These are all things that work in your favor....FILE
2007-02-23 15:31:07 · answer #5 · answered by caneshopper 1 · 0⤊ 0⤋
Do you have unearned income like interest from investments, savings accounts, etc? You may still have to file.
2007-02-23 15:21:29 · answer #6 · answered by TeddyBear121 3 · 1⤊ 0⤋
You don't have to file a return if you didn't have any income.
2007-02-23 15:21:46 · answer #7 · answered by Anonymous · 1⤊ 1⤋
If you didn't have any income, what do you have to report?
No income- no return
2007-02-23 15:23:39 · answer #8 · answered by Dizney 5 · 0⤊ 0⤋
If you didn't pay anything in, no you don't have to. If you did pay taxes in, you probably would get back money because you didn't work enough.
2007-02-23 15:19:50 · answer #9 · answered by redunicorn 7 · 0⤊ 1⤋
do you have w2s? how did you support yourself.
if you lived off mom, let her claim you.
good luck
2007-02-23 15:17:58 · answer #10 · answered by batwanda 4 · 1⤊ 0⤋