I'm low income individual and with no permanent job in the past or present, is there a way to do income tax without W2 forms; what do I expect when I decide to filed; I have with me about 3 W2 forms of my last employers in 2005-2006 and I'm kind of afraid because of uncertainty of what can happen if I file.
thank you.
2007-10-02 09:51:00 · 9 answers · asked by gamehabit2@sbcglobal.net 1 in Business & Finance ➔ Taxes ➔ United States
You can get copies of old W-2's from your employers or the IRS. You will have to contact them and request the W-2's though.
You can get tax form from www.irs.gov. If your income is low enough, you may not have much to worry about. However, you will have to pay interest and penalties for any years that you owe taxes. Be aware of that.
As long as your liability is not too large, you will probably only face penalties and interest. The IRS really is not interested in prosecuting anyone unless there is fraud or a willful neglect to pay taxes.
The sooner that you get started, the better it will be for you.
2007-10-02 10:03:35 · answer #1 · answered by Steve 6 · 4⤊ 1⤋
If you are low income and have had no permanent job you are probably below the filing requirement. If you are single under 65 and your income is under $8450 in 2006 you do not have to file a federal tax return. You can get W-2's from past employers. You can file a substitiute W-2 form if you have your year end pay stub. You are probably due a refund from taxes taken from your paycheck. You may even be entitled to an earned income tax credit. Go see a good tax preparer. A VITA(Volunteer Income Tax Assistance) preparer will do your taxes for free.
Tax Preparer.
2007-10-02 13:59:54 · answer #2 · answered by Brain 2 · 3⤊ 0⤋
You should start with the earliest year for which you have w-2's.
Don't file the years for which you don't have w2 info without trying to obtain copies from your employer or IRS.
if you want/ to see the older w2 info IRS has on file then you need to complete form 4506T and check the appropriate box for w2 info.
You shouldn't be afraid to file late since the consequences for not filing are much worse than for filing late (assuming you made enough to be required to file).
If you're entitled to a refund you can receive it up to 3 years from the due date of the return (ie: SINCE 2004). In that case there is no penalty since IRS owes you.
the attached 3 links should help
2007-10-02 10:11:06 · answer #3 · answered by goldenboyblue 3 · 4⤊ 0⤋
Start with your 2006 return. May be you don't owe any taxes or may be you will get an extra refund because of Earned Income Credit. Once you complete your 2006 you will have better understanding of the situation.
If you meet the filing requirements you are required to file.
2007-10-04 20:59:13 · answer #4 · answered by MukatA 6 · 0⤊ 0⤋
Call IRS at 1-800-829-1040 Tax Law, they can look up your Wage information and tell you if you have to file, and they also send you the w2 information.
If you don't want to call then download Form 4506 and request W2 to be sent to you. They are free.
2007-10-04 14:53:11 · answer #5 · answered by Ms. Angel.. 7 · 0⤊ 0⤋
Stop reading these cornball answers. Im almost sure that no one that answered this question even bother to look in the IRS book. My answer to you my friend is first see if you have a tax liabilty. Answer is in the IRS book or code if you will. Try verifying your answers in the code or you will probably end up fllowing everyone to the edge of the cliff. The IRS code is the only source that will tell you if you are liable to pay a tax. Only you can asses yourself as liable of a tax. Stop being afraid and take action. Knowledge is the key my friend! You are only required to file a form if you were liable for the year in question.
2007-10-02 15:32:06 · answer #6 · answered by Anonymous · 0⤊ 2⤋
If IRS thought you owed anything, you would have heard from them by now. As general policy, IRS only requires you to file your last six year's tax returns. If you don't have all your W-2s, as other have said, IRS will supply them to you. If you have refunds, its no big deal except you will not get anything that is due you for years 2003 and earlier.
2007-10-02 10:34:13 · answer #7 · answered by Anonymous · 0⤊ 0⤋
you're no longer required to deduct the two of those. vehicle - no. you're no longer allowed to deduct the fee of the vehicle. you would be allowed to deduct the sales tax, yet provided which you do no longer deduct any state income tax. medical expert - provided which you weren't reimbursed and can ensure the best quantity and characteristic documentation. Remembering that it became "approximately seven hundred" isn't sufficient. you want a bill from the medical expert or a receipt. additionally, you're no longer allowed to deduct something that the coverage paid or something for which you have been reimbursed via coverage. ultimately, because of the fact a deduction is permitted in uncomplicated terms for the quantity via which your medical expenditures exceed a definite proportion of your income, in case you had in uncomplicated terms $seven hundred in medical expenditures and earned greater advantageous than $10,000, you will possibly no longer be allowed to deduct any of your medical expenditures.
2016-12-28 11:35:14 · answer #8 · answered by fraccola 3 · 0⤊ 0⤋
contact local agencies tofind out where u can get an attorney or cpa to help u.
start to day cause it piles up.
2007-10-02 09:56:52 · answer #9 · answered by Anonymous · 0⤊ 1⤋