making under $600 do you have to fill out a W-4? and if you do do you have to fill an income tax return?

Question

or is it voluntary since you made under 600 a year.
P.S. Most likely you would be receiveing money back since you made so little but if you didnt care is that legal?

Answer 1

if you are a contractor and made under $600 from one company you will not have to fill out a W-4. You would have to report it on your taxes if it's over $400. A W-4 is for employees and everyone fills it out. you have to show your social security number, address, and how much taxes you want taken out.

Answer 2

If you are making even $1 as an employee, you have to fill out a W-4 for your employer. You wouldn't have to file a return though if you only made $600 for the year. If you are self-employed you'd have to file if you made over $399.

If you only made $600, there's a strong possibility that nothing would have been withheld for federal income tax, so you wouldn't have anything to get back.

Answer 3

Form W-4 is the form you give to an employer to tell him/her how to calculate how much to withhold from your paycheck. You'd file this when first accepting a job, before you ever got paid, regardless of how much you earned (or expected to earn).

You may be thinking about Form 1099, which payors use to report payments to indeppendent contractors. They're required to file this with the IRS if you made more than $600 in independent contractor income. But even if you made less than $600 as an independent contractor, you still might owe some tax. (Keep reading.)

If you're asking about a Form 1040, the annual income tax return for individuals, if you don't owe any tax you don't have to file (although in some circumstances it's still a good idea to file so they know WHY you don't owe tax).

If you earned wages as an employee, you wouldn't owe any tax if you only made $600. If you were a self-employed independent contractor, you'd owe self-employment tax if your profit (your business income less any business expenses) exceeeds $400.

If the IRS owes YOU money, you're not required to file, but it's your money so you might as well. At $600 in wages, you may qualify to file Form 1040-EZ, which you can fill out online, print out, and send. It's easy and it's free. See the form at http://www.irs.gov/pub/irs-pdf/f1040ez.pdf and the instructions at http://www.irs.gov/pub/irs-pdf/i1040ez.pdf.

Answer 4

Completing a W-4 has nothing to do with your requirement to file a tax return of a given year. The W-4 is used to direct your employer regarding the proper withholding from you check each week. If you do not file a W-4 with your employer it is likely that they will take out more than is required. If you are only going to make $600 this year it is highly unlikely that you will need to file a tax return, however you may wish to if you would like to get that withholding back.

Answer 5

any employer needs to have every employee fill out w4's, or runs the risk of "poor record keeping "per government regs, thus subject to fines and penalties.
filing and sending out w2's are optional for the employer. depending on the businesses size it may not be worth his bother.
uncle sam doesn't require fil;ing @ under 600 income, nor filing by the employer at under 600, but if one files and the other doesn't , red flags orrur.

Answer 6

You always need to fill out a tax form until you retire and have no income.

You would file a 1040-EZ for the Federal and whatever your state/locality require.