 I didn't file my taxes last year. What do I do? |
| I worked part-time in 2005, earning about $3000. I foolishly didn't file my taxes. What is the best way to make amends? Can I just use last year's W2 in conjunction with this year's ... |
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 IRS question about a letter I rec'd..Please read!!? |
| When I rec'd all my documents from my job to do my taxes (i did the 1040ez), at first I was going to do it online, but decided to do it myself usuing the form and mail it in. I did it early and ... |
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 In the UK if a debt is sold to another company are you still liable, are you still obliged to pay? |
| A company has purchased a debt from a bank I used to use, am I still liable as I have no agreement with this new company. Would I have to pay the full amount despite the fact that the new company ... |
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 Council house and work full time?? uk ? |
| if ur registered as a homeless single father/mother of one and are awaiting for a council house, would they no longer give you the house if you found a full time job earning 18k or more a year? (... |
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 As an independent contractor, what percentage of my earnings should I set aside for taxes? |
Additional Details
This is for part time work on the side. I have a regular part time job, so my earnings will probably be less than $10,000 a year.... |
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 My mom died, I paid off her debts, can I write it off for taxes? |
| My mom passed away this year, and I spent about $10k in my own money to pay off her credit card debts, etc. since my dad could not afford to. I spent about $9k of it for 3 credit cards, and $1k for ... |
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 Working tax credits in uk,i was overpaid by £800 in the year 2004,now they say i must pay it back,do i have to |
| do i have tp pay it back i thought the government a few years ago waived all overpayments,as it would cause familys hardship,... |
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 Anybody who is schedule to get their paper check May 23rd receive it yet?? |
| My husbands last 2 numbers are 10 and we recieved a letter on Monday stating we should receive our stimulus payment by May 23rd, the irs web site says mailed no later than May 23rd has any one with ... |
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 Stimulus Package Funds:? |
| i would like to know, being that i owe a whole lot of money in taxes to the irs. will i still be eligible to receive the Stimulus Package from the goverment?... |
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 Would my social security? |
| I was just put on social security and my mom is also on it but revieves x amount based on the household income. If I was to live at my college dorm would it still affect my mom's household ... |
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 I inherited land from my late Father. However, he didn't pay taxes owes about $30,000. What do I do? |
| My father passed away in 2006. He didn't pay his taxes from 2003 - 2006 and owes and estimated $30,000. I own the land right now and my mother who is still alive is in a nursing home. My mother ... |
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 Question about taxes? |
| right now i work 60 hours per week and i make 13 dollars per hour. my paycheck is $ 929.50 before taxes and 650.39 after taxes. I am about to get a raise and make 15 per hour. how much taxes will ... |
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 Why do we owe on our federal taxes? |
| We claim 0, filed jointly as married, have no kids, don't own property. We even had extra deducted off of each check. A friend with similar filing staus gets a $1200 refund. What gives?... |
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 Is it too late to turn in your 2005 taxes if you don't owe any money? |
| i know i don't owe any money, but i know i will recieve money from my 2005 taxes, is it too late to send them in...or can i still send them in?... |
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Stacey | Should I file taxes even though I am only 16? |
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notaperviemusculargent
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Do you ever. From the minute you were born you were in debt to the U.S. government {long story}. After you die, you will pay taxes. It's labeled by the IRS as "income in respect to decedent". Any way, there are at least 3 situations that come to my mind as to why you may have to file:
1 - You had income, even if as little as $10. Look at the tax table.
I had a paper route when I was little and did not know that I had to pay taxes on that tiny commission that I received. The IRS says it's income. There are very few situations in which the income is "nontaxable income".
2 - You are a nominee. A "nominee" means someone has been building money for you in an investment, such as a U.S. Savings Bond, stock, stock fund, mutual fund, exchange traded fund - a vast number of possibilities. If it's in your name and the social security number assigned to you is your correct social security number, you will owe tax on the interest, if any; dividends, if any. If it's a mutual fund, there well may be some capital gains even though your grandparents or whomever didn't sell any. Mutual funds and stock funds buy and sell and they don't have to pay income tax. The investors do.
3- I've attached a Link below. Your parents or grandparents may have an investment account. They can assign some of the capital gains { that means profit on the investment} to you. The savings is tiny, but every little bit helps. So some taxpayers fill out that form. You are old enough to be able to sign it.
If you worked, you have to file to get the taxes back that were withheld from your actual pay { called "gross pay"}. |
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Judy1
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It depends on how much you made. If you made over $5350, you are required to file. If you made less than that, you don't have to, but if anything was withheld for federal income tax (see box 2 of your W-2) you should file and that amount will be refunded to you. |
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computerfixins
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Actaully its at 8k now,
For 2007 tax returns, individuals younger than age 65 must file if they make at least:
* $8,750 as single filers.
* $11,250 as head of household filers.
* $17,500 as married couples filing jointly and both husband and wife are younger than 65. |
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bostonianinmo
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Not enough information to say for sure. The requirement to file a tax return depends upon your income and the source of the income, not your age. Assuming that you can be calimed as a dependent by your parents, you MUST file a tax return if your income from wages subject to withholding is $5,350 or more in 2007. If you had self-employment income of $400 or more, you'd be required to file.
Even if your income is below the filing requirement amount you should still file a return if any Federal income taxes were withheld from your wages in order to have those refunded to you.
Contrary to what at least one other respondent claims, you are NOT entitled to any payment under the economic stimulus plan since you are a dependent. Dependents don't qualify. |
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Neo
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Yes, if you paid taxes while working, you still have to file em. And why wouldnt you, it means you get all the money back you paid to the governement for being a minor and a fulltime student. ^.^ |
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J. R. Lightman
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Absolutely. If they took taxes out of your paycheck, and you didn't make over $3,500, I think that's what it is, check with a tax preparer, you get it all back. |
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can't wait to graduate
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If you claimed 0 or 1 on any of your tax forms you should. |
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Radar
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Yes, if you paid any taxes in you should file a return as you will most likely get all if not most of the money back. You will not be able to claim yourself as a dependent, but you should still get all the money back you paid in. When I was 17 my state tax return was 10 cents, but I got 75 back from Federal. |
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Bill .
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Make sure you file even if you don't get any money back. You have to file a tax return to get your Economic Stimulus rebate, unless you are a dependent on someone elses tax return.
Correction: bostonianinmo is partially right, the cut-off for the rebate is 17 years old. Your parents will get the rebate. |
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