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.
How much money can you make and not have to file taxes?
How much money can you make and not have to file taxes?
The minimum amount of money a minor must earn in order to be required to file taxes is 12,400 for the tax year 2021.
IF the amount of the money that you received from the school is taxable income YES you should file a 1040 federal income tax return.
No. Everyone is free to file a tax return regardless of income. People who make more than a certain amount are required to file.
If you have made over $9,350 and are not over 65, claimed by a parent you are required to file. If under this amount you can file to receive money that has been paid in.
A child who is a dependent and earns income must file a return if they earned the specified amount of money as mentioned on the income tax form.
Why are you filing bankruptcy if you have money in the bank? You are entitled to exemptions, which may include some money in a bank account. The amount you may exempt will depend on whether your state has its own exemptions or allows you to use the federal exemptions.
You won't... at least not immediately. You will probably have to file a lien against them and/or their iestate, and if they ever earn any significant amount of money the lien would come into effect and MAYBE pay you something.
File folders for any kind of businesses can be found at any office supply store. If you're wanting a mass amount of file folders, some stores or websites offer a discount for a larger amount of whatever item it is that you're needing.
You have to file every year if Alabama has a state income tax and you made the required amount of money or had state income tax taken out of your pay.
You may have to pay taxes if you are under 18 years of age. You are required to file taxes depending upon the amount of money that you bring in.