Even if you have no physical access to income
2007-07-21 08:59:25 · 8 answers · asked by jarynth4 1 in Business & Finance ➔ Taxes ➔ United States
How do ya'll know so many - and different - answers?
BTS what happens if you don't file it, do you get arrested?
2007-07-21 09:11:47 · update #1
BTS = BTW
2007-07-21 09:40:10 · update #2
Whether or not you have to file a tax return and pay taxes is based upon your income, not where you live. There are plenty of folks in jail with significant outside income that they don't have access to but still must file returns and pay the taxes due.
2007-07-21 09:13:15 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋
If you had enough income for the year to be required to file, whether you physically got it or it was deposited into an account somewhere for you, then yes you are required to file.
If you don't, when you eventually get out and they catch up to you, if you owed tax you'll owe even more because penalties and interest will have been added on by that time.
2007-07-21 21:25:07 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
If you have taxable income, then a tax return needs to be filed.
However, even if you don't have any income, it is still a good idea to file a tax return. The statute of limitations is only 3 years from April 15 or the filing date, whichever is later. 6 years if fraud is suspected. If no tax return is filed, then there is no statute of limitations.
2007-07-21 18:26:56 · answer #3 · answered by Steve 6 · 0⤊ 0⤋
You pay taxes on income earned for a specific year. If you're in jail for part of a year, then you pay for the part wherein you earned an income. If you earn an income while in jail, then you pay for that income. There are exceptions regarding amounts and such. Check with a lawyer, CPA or IRS for specifics.
2007-07-21 16:11:17 · answer #4 · answered by Jack 7 · 1⤊ 0⤋
You only have to file if you have income.
2007-07-21 16:07:25 · answer #5 · answered by Anonymous · 0⤊ 0⤋
You are required to file if you have income.
2007-07-21 16:02:53 · answer #6 · answered by crustysob 3 · 0⤊ 0⤋
If you made over $600 that yr (even on interest payments) then yes.
2007-07-21 16:07:53 · answer #7 · answered by mstrywmn 7 · 0⤊ 3⤋
no if your in for the full year
2007-07-21 16:06:32 · answer #8 · answered by Anonymous · 0⤊ 3⤋