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A self employed taxpayer would be required to file an income tax return if business operation had a net profit of 400 and pay the social security and Medicare taxes that would be due plus any income tax that may be due after adding the net profit to all other gross income on the 1040 tax form and the amounts would be subject to income tax at the marginal tax rates.
A dependent on another taxpayer income tax return with unearned income interest, dividends, capital gains, rental income, taxable social security benefits, unemployment compensation, gambling winning and misc income, etc of more than 950 must file an income tax return and report all worldwide income on the 1040 tax return.
Use the below related link Do You Need to File a Federal Income Tax Return?
Wiki User
โ 14y ago
Wiki User
โ 8y agoIf you received unemployment payments, withdrawals from IRA Accounts, or any other income you will need to file an income tax return. Did your spouse work during the year? You said you were unemployed most of the year. You will have a W-2 for the rest of the year so you will probably need to file anyway.
Wiki User
โ 11y agoYes you can. The tax return is for last year, if you have paid taxes last year then you can, i.e a job or self employment etc
Wiki User
โ 13y agoFiling for your unemployment compensation would not have any affect on the filing of the 1040 federal income tax return.
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how can I file an amendment to my 2010 tax return.?
how can I file an amendment to my 2010 tax return?
HOW DO I FILE A FREE STATE TAX RETURN?
HOW DO I FILE A FREE STATE TAX RETURN
What if your unemployed do you still have to pay an income tax?
Yes it is possible that you could be unemployed and still be required to file a 1040 federal income tax return and pay some income taxes. If you are receiving unemployment compensation and have any other sources of worldwide gross income that you would have to report on your correctly filed federal 1040 income tax return.
What if I loose my connection while filing my tax return online?
Reconnect and file again. The return is not filed until you get a confirmation screen from your tax software.
Do you have to file a tax return if you made 7000 dollars?
If you are being claimed as a dependent on your parents or anyone else's return then you will have to file a tax return. If not then no you don't have to file a return.
Is it must to notify marriage status while you file income tax return?
yes
What is file an amended tax return?
If you have filed a tax return but you then realize that your return is inaccurate in some way and you wish to correct the inaccuracy, you can file a revised tax return which would be called an amended tax return.
can i e file my mass tax return for free?
can i e file my mass tax return for free
Does your US citizen needs to be paying taxes in order to file for spouse?
Yes they do, because the citizen will be required to show recent tax returns. If unemployed you would still need to at the very least file a tax return even if there is no income to report.
How do you Paper File your PA State Tax Return?
There is a form that you are required to file when you paper file your PA state tax return.
Who need to file a tax return?
eveyone who earns income above a certain level has to file a tax return
How do you you file a tax return for a person who works outside of the US?
The same way that you would file one while working in the US.
