If you have small business expenses but no income will you get a tax return?
You can get a tax refund (I think that's what you meant) if you paid more taxes in than you owed. So, if you had no income, you would owe no taxes and should get anything back you paid in. Of course, if you had no income, how did you pay taxes?
When you do NOT have any types of worldwide income then you would not have any reason file a 1040 income tax return for tax year 2009. Using the above enclosed information NO. 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… Read More
No. Qualifying earned income is required. Income that you work for.
Yes. Still file a tax return so that you can get any refund that you are entitled to. Make sure to mark on the return that you can be claimed as a dependant so that it is not rejected by the IRS.
No, although the IRS could file for you which may result in a balance rather than a refund.
The answer is no!
The Federal Management Service (FMS) applies ('offsets') income tax refunds through the Treasury Offset Program (TOP) to cover non-tax debts such as student loans. FMS sends you an offset notice when this happens. You can call the Treasury Offset Program Call Center (1-800-304-3107) for specific questions about your defaulted student loan.
Usually no. If you're Single under 65 and your gross income is under $8,950 for 2008 (under $9,350 for 2009), then you aren't required to file. However, even if you're not required to file, you should file if income tax was withheld from your paychecks in order to receive a refund of that tax. You also should file if you're eligible for certain tax credits such as earned income.
Yes this is very possible. The type of earned income your filing status and even a possible refund of any withheld income taxes.
If you received a 1099-MISC form from your employer who paid you cash and checks but didn't take out taxes how do you file your tax return and will you qualify for earned income credit if you made ar?
Form 1099-MISC is Miscellaneous Income. The person or business that gave you that form doesn't consider you an employee. So they didn't withhold taxes (income, social security, Medicare). They're treating you as a self-employed person, which makes you responsible not only for income taxes but also for social security and Medicare. You'll need to file Schedule C or C-EZ (Profit or Loss from Business) and Schedule SE (Self-Employment Tax) along with Form 1040. The worst… Read More
Yes this could be possible if this is self employment income.If you have any rental income you would be required to file a 1040 tax form along with the schedule E to report your gross rental income and expenses. 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… Read More
Where you send your return depends on where you live. If you live in Florida, Georgia, or the Carolinas and you 're enclosing payment, you mail to the Department of the Treasury, Internal Revenue Service Center, Atlanta GA 39901-0102 (zip code 39901-0002 if not enclosing payment/receiving refund). If you live in Alabama, Kentucky, Louisiana, Mississippi, Tennessee, or Texas, you mail to the Department of the Treasury, Internal Revenue Service Center, Austin TX 73301-0102 if you're… Read More
If you have NO income, then no. ANSWER: If you are subject to the Personal Income Tax Law and liable for a tax then yes you do have to file a valid return, even if no income was earned. Income is what is used to measure how much is owed and the tax collections agencies can not know how much you owe or even that you don't owe until you have filed the necessary forms… Read More
There is no advantage. You pay no taxes and you will not be eligible for any refundable credits.
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.
AGI is adjusted gross income. PIN is personal identification number. Your PIN is your electronic signature on an electronically filed (e-filed) return. It's any five numbers, other than all zeros, that you choose. Your PIN, your birthdate, and either your prior year's AGI or your prior year's PIN are all required to authenticate your identity. If you don't have access to your previous year's return, call the IRS at 1-800-829-1040 for your previous year's AGI… Read More
If you live in texas where do you mail your federal return
January 18, 2010
Intrest made on income is income, and as such, should be reported on your 1040.
Do I send my federal income tax to Fresno Ca. from Michigan ?
No. If you're being claimed as a dependent on someone else's tax return, then you can't claim dependents. There are two types of qualifying dependents. One is a Qualifying Child, which includes children, stepchildren, foster children, siblings, and their descendants (grandchild, niece, nephew). The other is Qualifying Relative, which includes those in the Qualifying Child category as well as others (parents, grandparents, aunts, uncles, in-laws, and any other person living all year in your household… Read More
In the U.S., your federal income tax refund does not count as taxable income for the next year. If you receive a refund from your state, and you itemized your deductions on the federal return, then the state refund will count as income on your federal return. (If you didn't itemize, then your state refund won't count as income.)
Whether you have to file a tax return (and the really important but different thing is PAY A TAX) depends, in part, on your filing status, deductions, amount & type of income. There are no such things as "start and stop" ages, not having to pay because of retirement or on social security or working from home or a student. It is all addressed as a matter of "how much TAXABLE income." (Note: working isn't… Read More
It depends on many things such as where you live. If you have been sent a tax return you almost certainly have to fill it in.
2 You can claim more than 2, it depends how many actual dependents you have living in the household. The term "dependent" means: * A qualifying child, or * A qualifying relative. You can claim an exemption for a qualifying child or qualifying relative only if these three tests are met. # Dependent taxpayer test. # Joint return test. # Citizen or resident test.
If you're on social security disability and your gross income is 21600 do you have to file a tax return?
Social Security disability insurance (SSDI) is available to an ill/injured worker who hasn't been able to work for more than a year because of the illness/injury. Generally, if SSDI is your only source of income, they probably aren't taxable. The rules for the taxability of SSDI benefits are the same as those for regular Social Security benefits. A quick check is that it's taxable if your other taxable income plus half of SSDI total more… Read More
There is no age limit on the requirement to file and income tax return. As long as you have more income than the filing threshold, you will be required to file a return, no matter what your age.
Not if the 600 is all of your worldwide gross income and you are probably a qualifying relative dependent on another taxpayers income tax return you would not need to file a income tax return.
Yes and no. If you're being claimed as someone else's dependent, you're required to file a return if you're single under 65 with earned income over $5,700 or single over 65 with over $7,100 earned income. If you're being claimed as someone else's dependent, you're required to file if you're married under 65 with earned income over $5,700 or if you're married over 65 with over $6,800 earned income. If you're not being claimed as… Read More
For 2009, generally if you made only $3,400 in wages/salaries, then you wouldn't be required to file no matter what your filing status. However, you still can file even when you're not required to file. If income taxes were withheld, you should file to receive a refund of all those taxes. Also, if you're eligible for certain credits (such as earned income or making work pay, etc.), you should file even if you're not required.
You can download the instructions for filing from the IRS website (www.irs.gov). At the beginning is a "Who should file?" section that will tell you if you need to file or not. If you literally had no income from any source, then you'll probably quickly discover you don't need to file. If you had a small amount of income, you may not need to file, though it may be beneficial to you to file anyway… Read More
No the IRS will withhold your refund until the tax debt is paid. I know I had that happen to me and when it was paid in full I was able to start getting my refunds again.
Yes. Unemployment benefits are taxable income. If you had taxes withheld from your checks, you may be entitled to a refund.
No, if you made nothing in the year. If you are self-employed and have filed in previous years, then you also need to file for the prior taxable year. There is big difference between money earned and what is considered a profit in self-employment.
UNEARNED INCOME Sale of stocks, bonds, securities and etc. personal asset nonbusiness MUST FILE A 1040 tax form using the information from the 1099-B to report the transaction on the schedule D of the 1040 federal income tax return and complete the income tax return correctly. A dependent on another taxpayer income tax return with unearned income interest, dividends, capital gains, gross rental income, taxable social security benefits, unemployment compensation, gambling winning and misc income… Read More
Yes and you can use the below enclosed information for this purpose.To correct an error on the original filed income tax return you will have to use the 1040X Amended Individual Income tax return available by going to the IRS gov web site and using the search box for 1040X File a separate Form 1040X for each year you are amending. Mail each form in a separate envelope. Be sure to indicate the year of… Read More
You will have to file your income tax return correctly as a paper income tax return and mail it to the correct IRS mailing address then when the IRS process your income tax return and they have any question they will contact the other taxpayer to get some information about this situation and they may need some more information from you also about this matter. The IRS will decide the matter about who is qualified… Read More
You are the only one that has all of the necessary information that will have to be reported on your income tax return for the year in order to do the calculation for the numbers that you are looking for. If you would like to do some estimated tax calculations you would need to go to the IRS gov website and use the search box for 1040ES go to page 7 for the estimated tax… Read More
Generally, you're required to file tax returns if, for your filing status, your income is above a particular level. For 2009, if Single under 65, you have to file when your income is at least $9,350 or Single 65 and older when your income is at least $10,750. Married Filing Jointly files when your income is at least $18,700 under age 65 or income at least $19,800 when one spouse is 65 and older or… Read More
Punishment can include fines, imprisonment, monetary penalties, and interest charges.
Yes this could be possible depending on the type of disability pay that you are receiving and also if you have any other sources of worldwide income that you would have to report on your 1040 income tax return.
If anyhing, it's the opposite...not reporting tips when your in an industry like food service where they are common, may delay things.
You can get tax return forms in several ways. One, print them online at www.irs.gov/formspubs by clicking on 'Form and instruction number'. Two, request them by telephone at 1-800-TAX-FORM (1-800-829-3676). You'll receive them by mail usually within 10 business days. Three, send a request by mail to the Internal Revenue Service, 1201 N. Mitsubishi Motorway, Bloomington IL 61705-6613. You'll receive them by mail usually within 10 business days. Four, pick them up at post offices… Read More
What can happen for failing to file income tax returns would depend on a lot of things.It is possible that the IRS will file a substitute income tax return for you with out all of your possible deductions that you may be entitled to claim if you were to file your own income tax returns and complete them correctly.You could miss out some refund amounts that you may have been due but failed to file… Read More
You can get copies of tax forms in several ways. One, print them on-line at the Related Link below by clicking on 'Form and instruction number'. Two, request them by telephone at 1-800-TAX FORM (1-800-829-3676). You'll receive them by mail usually within 10 business days. Three, send a request by mail to the Internal Revenue Service, 1201 N. Mitsubishi Motorway, Bloomington IL 61705-6613. You'll receive them by mail usually within 10 business days. Four, pick… Read More
I am looking for a copy of my tax returns from 1963 and 1964. How do I obtain a copy
There are two options for getting copies of previous years' returns. One, file Form 4506 (Request for Copy of Tax Return) to request an exact copy of the previous year's return. All attachments, including Form W-2, are included in this option. The IRS charges a $57.00 fee for each year requested. The previous six years' returns plus the current year's return are available. It takes above two months to process this request. Two, file Form… Read More
you don't have to report scholarships used for tuition and course-related expenses == ans == The prior response is wrong. Scholarships and grants may not be taxable, but the are absolutely reportable. Not reporting them (correctly) may make them taxable, with penalties and interest in fact. The way to determine what you need to do, especially as the terms get applied to things that may not qualify, or may actually qualify as certain types, or… Read More
Should you file a US tax return if you are still claimed as a dependent on your parent's US tax return?
Yes, you must file a tax return, even if someone else claims you as a dependent, if you had earned income or interest. Most taxpayers who are claimed as dependents on someone else's return use form 1040EZ, especially if they claim the standard deduction and do not need to itemize deductions.