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Yes this could be very possible depending on the AMOUNT of the any MONEY and the type of the ANY AMOUNT and the source of the ANY AMOUNT OF MONEY.

And of course your filing status could have an affect on the WHO MUST FILE A INDIVIDUAL INCOME TAX RETURN REQUIREMENTS such as you being a dependent on another taxpayers federal 1040 income tax return or being a self employed taxpayer.

Go to the IRS gov website and use the search box for WHO MUST FILE AN INDIVIDUAL INCOME TAX RETURN and then choose Do You Need to File a Federal Income Tax Return?

For tax year 2007 only, many taxpayers who would not normally need to file a federal income tax return will need to file one in order to ensure that they receive an Economic Stimulus Payment (commonly referred to as "rebate"). If in 2007 you were not required to file based on the amount of your income but the combined amount of your earned income plus Social Security, Railroad Retirement benefits and certain benefits from the Department of Veterans Affairs is $3,000 or more, you should review the information on receiving an Economic Stimulus Payment.

Even if you do not have to file a return, you should file one to get a refund of any Federal Income Tax withheld.

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15y ago

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