According to IRS regulations, any income over $600 in a year must be claimed. It is highly suggested that a return should be filed even if there is less than that in income.
Absolutely. If you have more than $400 in income from self-employment (i.e. being a contractor) you need to file.
With nothing else to go on but gross income of $7003... yes you need to file.
If you had no earned income, or you were, perhaps receiving SSI benefits as your only income, then there is no need to file a tax return. However, if you had earned income and make it a habit to not file, it will eventually catch up with you and could be the result of an audit and you owing the IRS.
If you have earned income over $900 you do. If you have any w-2's or 1099's you have to file.
No. Let's assume your son is unmarried, under age 65 and not blind, and that you are claiming him as a dependent. In this case, your son's earned income for 2009 must be over $5,700 before he is required to file US income taxes. He must also file if his unearned income for the year is over $950. He may want to file, though, if he qualifies for any refundable tax credits.
Yes you can file income taxes on $945.00 that you earned.
Absolutely. If you have more than $400 in income from self-employment (i.e. being a contractor) you need to file.
With nothing else to go on but gross income of $7003... yes you need to file.
If you had no earned income, or you were, perhaps receiving SSI benefits as your only income, then there is no need to file a tax return. However, if you had earned income and make it a habit to not file, it will eventually catch up with you and could be the result of an audit and you owing the IRS.
To file with a 1099 form, you need to report income earned as an independent contractor or freelancer. You should receive a 1099 form from the payer detailing the income you earned. You will need to include this information when filing your taxes with the IRS.
If you have earned income over $900 you do. If you have any w-2's or 1099's you have to file.
Yes this is very possible. The type of earned income your filing status and even a possible refund of any withheld income taxes.
Yes, if you have earned income, you may need to file taxes even if you just started working. It depends on how much you earned and other factors like your filing status and age. It's recommended to check with the IRS or a tax professional to determine if you need to file.
To report and file taxes on K1 income earned from another state, you typically need to include the information from the K1 form in your federal tax return. You may also need to file a state tax return in the state where the income was earned. It's important to carefully review the instructions on the K1 form and consult with a tax professional for guidance on how to accurately report and file taxes on this income.
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.
No. Let's assume your son is unmarried, under age 65 and not blind, and that you are claiming him as a dependent. In this case, your son's earned income for 2009 must be over $5,700 before he is required to file US income taxes. He must also file if his unearned income for the year is over $950. He may want to file, though, if he qualifies for any refundable tax credits.
Does low income retiree need to file income tax?