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Not much of anything initially...then eventually about a year or so later you will start getting notices from the IRS that you have not filed a return. Also, if you wait too long to file a return (for instance you had to file a 2009 return by April 17, 2012) in order to get a refund. If you still haven't filed your return by then, you then forfeited any return you were entitled to.
If you wait a really long time, the IRS will file a substitute return on your behalf without your input using the data they have, then the IRS will start their collection proceedings, which get ugly, like attaching bank accounts and any property you own.
The IRS has an idea of how much you owe them based on what your employer submitted to them for income and how much you paid. They tend to be a bit more aggressive in cases where the believe you owe them money.
There will also be penalties applied for late filing if you owe the IRS money. They are allowed to charge you 5% of the total amount for every month you are late. If the IRS owes you, then you don't pay any penalties.
The best bet is to always file and extension, whether you need it or not. This gives you until August 15th to file a return instead of April 15th. Even if you file your return the following week, the extension was worth it because there will be no penalties due.
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∙ 12y ago
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Do you have to file taxes if im an at home mom...what if i dont have a job?
If you are unmarried and have no income you do not need to file. If you have a spouse that works then you must file a joint return.
Do you have to file NJ income tax return if you have no income?
The answer is no!
Do you have to file an income tax return over the age of 80?
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.
Do I have to to file income tax returns for state of Maine if i filed a federal tax return and and have 0 adjusted gross income?
If you are a residentof Maine who is required to file a federal income tax return, you must file a Maine income tax return. If you are not required to file a federal return, but do have income subject to Maine income tax resulting in a Maine income tax liability, a Maine return must be filed. You do not have to file a Maine income tax return if you meet all of the following requirements: 1) your Maine taxable income is $2,000 or less, 2) you claim yourself as an exemption on your return, AND 3) you are not subject to the Maine Minimum Tax. However, you must file a return to claim any refund due to you.
If you have 3 children but no income for over a year Can you still file for taxes?
Yes you could still file a 1040 federal income tax return but if you do not meet the MUST FILE A INCOME TAX RETURN and you do NOT have any income.
Do you have to file taxes if im an at home mom...what if i dont have a job?
If you are unmarried and have no income you do not need to file. If you have a spouse that works then you must file a joint return.
Do you have to file NJ income tax return if you have no income?
The answer is no!
File free OK state income tax return?
File free OK state income tax return
Can you file taxes for legal and medical bills if on SSI?
If you want to file a tax return YES you can. SSI (supplement security income) would not be taxable income that you would report on your 1040 income tax return. If you do NOT have any taxable worldwide income that you are required to report on your federal 1040 income tax return it would NOT benefit you to file a federal income tax return and you would NOT meet any of the MUST FILE A INCOME TAX RETURN requirement's. If you want to file a tax return YES you can.
Do you have to file an income tax return over the age of 80?
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.
If you're on welfare can you file for taxes?
You can file a income tax return if you WANT to if the only worldwide income that you have is the welfare income amount. IF you do NOT have any other worldwide income to be reported on the 1040 federal income tax return you would NOT be required to file a 1040 federal income tax return.
Over how much taxable income must I have to file a tax return?
How much must I make in taxable income to have to file a return?
Do I have to to file income tax returns for state of Maine if i filed a federal tax return and and have 0 adjusted gross income?
If you are a residentof Maine who is required to file a federal income tax return, you must file a Maine income tax return. If you are not required to file a federal return, but do have income subject to Maine income tax resulting in a Maine income tax liability, a Maine return must be filed. You do not have to file a Maine income tax return if you meet all of the following requirements: 1) your Maine taxable income is $2,000 or less, 2) you claim yourself as an exemption on your return, AND 3) you are not subject to the Maine Minimum Tax. However, you must file a return to claim any refund due to you.
If you have 3 children but no income for over a year Can you still file for taxes?
Yes you could still file a 1040 federal income tax return but if you do not meet the MUST FILE A INCOME TAX RETURN and you do NOT have any income.
When do you not have to file Federal Income tax?
No reportable taxable income to be entered on a income tax return would be a good start of not being required to file a federal income tax return.
If i have no income do you need to file a return?
Yes
Who has to file a income tax return?
Employee
