2007-04-10 12:47:32 · 4 answers · asked by neenie217 2 in Business & Finance ➔ Taxes ➔ Other - Taxes
If his gross income is more than $8,450.00, then he needs to file a tax return. Of course if he is self-employed and his earnings are at least $400, then he needs to file as well.
EDIT to answer Tony's question below:
Tony, if you have several different part time jobs and you have received W2's from them, then no that is not self-employment income. If you add up all your wages from Box 1 on your combined W2's and it is less than $8,450 (and you are claiming yourself and you are not a dependent) then you are not required to file a return. But, you would probably get a refund if you did so it is worth it just for that!
2007-04-10 12:53:47 · answer #1 · answered by MarineMom 6 · 1⤊ 0⤋
If you are not a dependent, and your income doesn't include any self-employment, you can make $8450 before you have to file. If you have self-employment income, $400. If you're a dependent but don't have self-employment income, $5150. If you got a 1099 with anything in the non-employee compensation box, that would count as self-employment income.
2007-04-10 20:05:57 · answer #2 · answered by Judy 7 · 1⤊ 0⤋
She said, 8,000 and something and then 400. for self employed does that mean someone working their way through school and has this job and that job. Sometimes for a construction company just different stuff. But it is under 8000. But is that self employed?
2007-04-10 20:05:08 · answer #3 · answered by Steven 6 · 0⤊ 0⤋
Please remember the amounts you are being given is for the 2006 tax year only these amounts tend to change yearly. Please go to a tax pro ask all the questions you need to feel comfortable about your taxes. You are paying for a service so be polite and insist it be the best available if not go elsewhere.
2007-04-14 00:48:51 · answer #4 · answered by hpasi923 2 · 0⤊ 0⤋