Do you have to file taxes this year if you were self employed and will you get in trouble you i file for this year with next years?

Answer 1

Yes you can file but not for next years benefits because the irs doesnt know if you are still going to be imployed

== ans ==

First self employed, not employed, etc makes no difference. Many people don't work at all but have to file and pay a lot on tax. Tax (and if you need to even file) is a matter of TAXABLE INCOME, not how it was made. Interest paid on a bank account, money made selling a house (or a piece of art, etc), generally money just "given" to you are all taxable income. The major difference in self employed income and that from an actual employer is that one you report yourself (and/or is shown on a 1099 form) - and as a self employed you pay ALL the FICA Tax - and you had to make estimated quarterly payments during the year - or face penalty for not doing so when you file. An employee has a W-2 record (along with 1099s from other sources) and the employer pays half the FICA tax, and has withheld and paid to the IRS an estimate (as directed by the employee filing a W-4 form) payment out of every payroll.

Additionally, You MUST file each year separately. A filing is for ONE accounting period, virtually always the calendar year. Laws, rates, forms and many things (even what is taxable or not) change each year.

MORE THAN THAT - IT WOULD BE A DUMB THING TO COMBINE YOUR INCOME INTO ONE FILING....YOU WOULD PAY MUCH MORE TAX AND LOSE LOTS OF BENEFITS! (Higher tax bracket).

Not filing when you should is criminal. Contrary to many peoples thinking, it does not drop off in any number of years. The laws are written so you may be audited or assessed for only a certain number of years back...COUNTED FROM WHEN YOU FILED A RETURN. Don't file and your always open to problems.

That and many other things - including common sense being that the IRS doesn't say you don't have to file because it is good for you (if you don't have to and do file, there is no liability anyway, only good things can happen to you...like being paid the incentive a few years back)...they do it because it is good for them.