after filling out my information in turbotax, i got zero for the amount i have to file for the state...does this mean i still have to file?
2007-02-26 07:23:40 · 6 answers · asked by cevil203 2 in Business & Finance ➔ Taxes ➔ United States
You have to file. You don't have to pay.
2007-02-26 07:31:31 · answer #1 · answered by chikkenbone 3 · 0⤊ 0⤋
It would be in your best interest to do so.
If you filed a state return in the prior year, and did not file one in the current year, you will get a letter from that state requesting you to either file or why you did not file.
Also, you might have a negative amount appearing within your state return. It is always
advisable to file a return, even if no tax is due, when there might be a loss to be carried forward or carried back. I advise my clients always to file - that way there is no misunderstanding with the state later on, several years from now, when that carryforward or carryback can be applied.
File the return.
2007-02-26 08:16:46 · answer #2 · answered by bold4bs 4 · 0⤊ 0⤋
Whether or not you have to file is based upon your total income, not whether you have to pay or are getting a refund or are zeroed-out even up with the state.
Check your state's tax depeartmnet website to see if you must file a return.
Hint: If there is any amount other than $0.00 on the "Total Tax" line of your state return, you MUST file the return.
2007-02-26 07:43:25 · answer #3 · answered by Bostonian In MO 7 · 1⤊ 0⤋
You should file no matter what, it's always good to save your papers and information for the future, so incase there is a mistake with the IRA you can back into your records and correct it.
2007-02-26 07:49:48 · answer #4 · answered by Joe Capo 5 · 0⤊ 0⤋
You need to file anyway. Besides, if any state tax was withheld you'll get it back -- how's THAT for a good reason to file?
2007-02-26 07:37:51 · answer #5 · answered by sarge927 7 · 0⤊ 1⤋
Yes, you do have to file.
2007-02-26 07:32:21 · answer #6 · answered by Harry 5 · 0⤊ 0⤋