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 Is anyone else waiting on May 9th Stimulus check?
I E-filed and received refund well before April 15th. Direct deposit to checking. Deposit information is on my 1040 return. My SSN ends in 14. I used Turbo Tax but all fees were paid by debit card ...


 Whats the zip code of switzerland?
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 I have not files in three years and I know I don't owe taxes can I still file for those missing years?
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 What should I do if I didnt get the correct amount for my tax rebate?
I should get $900.00 for me and my son, but only got $600.00...


 Should we save our W2 forms if we get a notice from Social Security showing our earnings?
i read something that said save w2s because they will show what your earnings & benefits will be but I get something in the mail that shows this so I don't think I need the w2s..what other ...


 Do I have to pay delinquent taxes by previous owner?
I recently bought a bank-owned foreclosure house in San Jose, CA. And, today, I got a mail from Santa Clara county regarding the delinquent taxes by previous home owner. Do I have to pay for that? I...


 Our daughter lives w/her grandpts, we pay support and insurance, can we claim her as a dependent on our taxes?
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 If I destroyed my stimulus check that the IRS sent, is there any other way that I can recieve another one?
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 Serious answers only...............Non payment of council tax?
I know someone who's lived in a caravan (static) for 14 years and never paid council tax........my question is: what is likely to happen if he's caught?
Additional Details
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 Is this true?????
I am 28 yrs old and took out a loan from my 401K 3 years ago. Payments were being deducted from my paycheck on a regulary scheduled basis, until I left the company and was told I had 60 days to pay ...


 Hey im kinda scared, I just got my first bank account.?
I just got it like 5 mins ago and was talking to a friend and she said to me that I would have to do taxes.
I don't know how and my dad does that stuff. I dont trust him to handle my money ...


 If I am at default with a federal student loan, can they take my tax return? Will they take all of it?
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 Tax rebate stimulus question?
Today I received a direct deposit with my $600 tax stimulus, HOWEVER I am a single mother and claimed my son on my federal taxes (and yes, I am the only one that claimed him). Will I receive the $300 ...


 How should I fill out my w4 so that I do NOT owe any money back at the end of the year?
I'm married with a young child but my husband is claiming her....


 Sole proprietorship, Vehicle Write Off Question.?
I have a sole proprietorship in the state of California, Small business, no employees. I have purchased 2 vehicles strictly for company use. I have been told by a CPA that I can write off the full ...


 If my property value has gone down, why hasn't my taxes. Is there a way to get my property taxes lowered?
Property is located in Lake county O...


 Iv been promoted in my organisation and my annual package is 2.5 lakhs.Is it a must to have PAN?
If i dont have PAN then is it that i wont get my salary fo this month... i may sound stupid... plz answer......


 How long do you have to own a house before you dont have to pay capital gains tax when you sell it? Texas?
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 Can you take a lone out aginst your taxes from H&R Block??
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 What is writen on a UK bounced cheque?
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Debbie L
I am 25 and have never filed a tax return, do I have to file if I worked this year?
                     
 




Andrew R
Yes, it is federal law that anyone who receives income, interest or any other source of money (there are specific specifications and amounts depending on your withholding and total earnings) file a tax return (you will get tax papers in the mail such as a W-2 or 1099-Int etcetera).

So if you worked last year (2,007) then yes, file your taxes.

I suggest using a do-it-yourself program, examples: TurboTax / H&R Block TaxCut.

I use turbo tax, it is very simple and easy to use (I am seventeen and have been using it since I started working two years ago), simply grab your W-2 and any other tax documents you may of recieved and visit: http://www.turbotax.com and sign up.

It gives step-by-step instructions, an online help community and shows a live view of how much you will be recieving. It is really simple, example: it will ask, "What is in box 1a" and you type in from the tax paper the amount that is in box 1a, very straight forward.

If you are unsure about this whole process and have a lot of questions then maybe having someone to do your taxes, such as H&R Block, would be your best bet. It will cost you more, but they will be able to do everything and answer all your questions.

Well good luck!


liliana
Rating
It depends on how much you earned and how much are your withholding. if you are not required to file because you earned income is too low but you want you tax withholdings back - you should file. If you made at least $3,000 and you want your rebate earlier - you should file.


Judy1
Rating
If you made enough money to have to file. Those limits are $400 if it was from self-employment, or $8750 if you are single and got a W-2 for your income.


gobonzzo
If you did not make enough to owe any federal tax you need to file a return to get a refund.


chbac
Rating
See the general guideline below. If you had taxes withheld, you are better off filing it. No file, no refund. Also, tax rebate will only be available when tax return filed, if other condistions are met.

general rule

You must file a tax return if your income is above a certain level. The amount varies depending on filing status, age and the type of income you receive.The IRS uses the following income thresholds to determine whether you must file a federal income tax return for 2007.

Single Taxpayers
If you expect to file a single return, the IRS requires you to file a return for 2007 if your gross income for the year is at least: $8,750 if you are under age 65. $10,050 if you are at least age 65.


Even if you don't earn this much income, other situations exist to determine whether you must file a tax return. For example, a dependent has to file a return for 2007 if they received more than $850 in unearned income or more than $5,350 in earned income.
Other situations include:

You Owe Certain Taxes
If you owe FICA or Medicare taxes (also called payroll taxes) on unreported tip or other reported income that were not collected, you must file a return. You must also file a tax return if you are liable for any alternative minimum tax. You must also file a return if you owe taxes on individual retirement accounts, Archer MSA accounts or an employer-sponsored retirement plan.

Advance Earned Income Tax Credit Payments
The Earned Income Tax Credit is a federal income tax credit for eligible low-income workers. The credit reduces the amount of tax an individual owes, and may be returned in the form of a refund. If your receive advance payments for the earned income credit from your employer, you must file a return.

Self-Employment Earnings
If your net earnings from self-employment are $400 or more, you must file a return.

Church Income
If you earn employee income of at least $108.28 from either a church or qualified church-controlled organization that is exempt from employer-paid FICA and Medicare taxes, you must file a return.


chicken2008
Rating
Yes.


david scott m
YES


link92335
If you made less than 4000 dollars you do not have to file a tax return.


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