I'm pretty young, so I dont really have a good idea about this.\n\nMy dad once told me that you dont have to file taxes if you make less than $15,000 dollars.\n\nCan someone give me more information?\n\nUhh...im 19 and I didnt file last year either.\n\nThanks for your help.
214320
If you made more than $8,200 lkast year then you have to file, otherwise, don't bother unless you have some coming back, which you might want to claim by filing.
199637
typically if you have an adjusted goss income of less than &7,000, you dont have to file\n\nif you are owed a refund you dont have to file, BUT...if you dont file those returns in 3 years, you lose the refund-goose egg for you\n\nif you owe money and don file, penalties and interest and then when you do file, the statute of limitations is 10 years for the govt to collect them from you either by garnishing your wages or placing liens on your property or in extreme cases-seizing your property and selling it at auction to pay your taxes\n\nfew people go to jail for not filing or not paying money owed, but people who file false returns on purpose to purposely defraud the govt-thats a bad situation
309627
REcommend  you and your parents got to the IRS website and research....There is a lot of information and different scenarios - if you don't want to spend the time, just call the IRS they can be most helpful.  Here is an example of info avail on the website.\n\n\nTax Trails - Can You Include Your Child's Income On Your Tax Return? \n  \nTo make the election to include your child's income on your return, your child's income must be below the maximum dollar amount allowed for the tax year being filed. The maximum dollar amount allowed for the tax year being filed can be found in Part 2, Tax on Investment Income of Child Under 14, of Publication 929,Tax Rules for Children and Dependents. Publication 929 is available for download, or you may request a copy by calling 1-800-829-3676.
549265
First of all, you NEVER add earned income from one person to another.  It doesn't matter how old she is, if she has earned income, you do NOT add it to your tax return.  In fact, the only time you add income from your child to your tax return is when they have unearned income (interest, dividends, sale of stock, etc.) over $850 AND your child is under 18.  As soon as your child hits 18, ALL of his/her income appears on their own tax return. (for 2005, these limits were $800 and "under 14", but I just read in the Wall Street Journal that the IRS is raising these limits to $850 and "under 18" for 2006).\n\nDo they have to file?  That depends on how much income and the type of income.  If their income is less than $850, then no.  If their income is over $850 but less than $5150 AND their unearned income is less then $250, then no.  (sorry for all the complicated rules...blame congress).\n\nBottom line, if all of your child's income is earned (W-2) and they earn less than $5150 (for 2006), then they do NOT have to file a federal tax return.  Should they file a tax return anyway even if their earned income is below $5150?  Yes if the amount in box 2 of their W-2 (arrives in late January) is more than what it would cost to file a return.  The amount in box 2 is what they had withheld and they would get all of this back if they earned $5150 or less in 2006.  If they earned more than $5150, they need to file regardless.  Their tax rate is independent of your tax rate.  The first $7,550 of income over $5,150 is taxed at 10%.  So, if they earned $8,000, their federal tax would be $285.  If they withheld $500 on their W-2 (box 2), they would be looking at a refund of $215.  When your child does his/her tax return (probably a 1040-EZ), make sure they check the "You" box on line 5 "Can someone claim you as a dependent?" if you are claiming him/her as a dependent on your return.\n\nWhatever you do, never add earned income from anyone else (except your spouse) to your tax return.\n\nAll of the above information is for the federal goverment.  Filing requirements for state tax returns vary from state to state.  Check with your state to see what their filing requirement is.  For Pennsylvania, the filing requirement is a measly $33 regardless if it is earned or unearned.  I've never done a state tax return where the child's earned income is taxed on the parent's return.
4537
http://www.thestreet.com/funds/taxforum/955718.html\n\nFor IRS (federal tax, not state) \n\nYou should file if you fit into any of the following categories.\n\nUnearned income, like interest and dividends, exceeds $700 annually; or \n\nEarned income, like wages and tips, is over $4,400 a year; or \n\nThe total of unearned and earned income is greater than the larger of (a) $700, or (b) earned income (up to $4,150) plus $250.
563591
You usually don't have to file taxes if your income is less than $8,200 single, $16,400 married. More than that, and Uncle Sam wants a return, even if you owe no tax. You might be able to exclude your income under for Foreign Earned Income Exclusion, but you still have to file the return.\n\nThe good news is that if you don't owe any tax and you do file the returns voluntarily, you won't owe penalties because the penalties are based on underpaid taxes.
34472
It's quite simple to file with only one W2 but since you are from out the country, the lingo of the IRS may be scary. I would recommend an accountant until you have a good understanding of the taxes in this country.
19714
I believe that you would have to wait for it to be sent to you as you cannot print out one yourself. However I just saw a commercial yesterday for H&R Block where you can get a loan for your refund without having your w-2's. You just take in your last paycheck of the year and they gather all of your info.
88674
I believe the age to file independently  is 24. There are a lot of scholarships out there you can get a book from your local library with a lot of them listed. good luck to her
344498
Just claim the income on your taxes for now and keep track of your expenses because you can deduct those (if you do itemized).  I wouldn't start a corporation.  Once you have one of those, you are on the IRS radar screen.  You will probably have to set up a business checking account to track stuff for your corporation, and that won't be free.  You aren't generating enough revenue right now to justify all the paperwork you'd have to keep track of with an LLC.
143699
You would be better off spreading it out, but if you want the money now, just claim more exemptions on your W-4 so they take less tax out. In the end, it doesn't matter because you'll just resolve it on tax day, so it only matters whether you want the money all right now.
40182
Since you made very low income you have very low deductions.\nIf you made less than $8,200 you don't have to file income taxes. But since you are a single mom, you may qualify for the Earned Income Credit (EIC) and the Child Tax Credit.\nAlso, did you pay someone to take care of your child?\nIf so you may have a Child Care Deduction.\nIf you don't want to pay for a tax professional you can file your taxes for free on the IRS website and your state website.\nIf you are in southern california e-mail me: dsts.tax@verizon.net\nHope this helps.
546046
If you make in excess of $400 as a self employed person you are required to file a tax return.  If you are eligible for EIC that begins with the first dollar you make and goes up to a high when you are making $14400 if you are filing as Head of Household and $16,400 if you file as Married Filing Jointly.  The amount of EIC declines after those amounts of earnings.  You need to know a number of factors before you can determine your exact EIC.
109967
I think you only need to fill out a tax return if you earned money during the year.  But there are ways of earning money without working, such as interest income from a savings or checking account.  If you have any of this you have to fill out a tax return.
126539
http://www.irs.gov/individuals/article/0,,id=96623,00.html\n\nGo to the above site.  It should help you determine if you need to file a return.  Be on the safe side and check with the IRS directly.
29466
The safest (and maybe smartest) way to approach this is to look into filing a 1040ES, Estimated Tax for Individuals.  It helps you estimate what your income not subject to withholding (such as your business) will be, and to calculate the estimated tax payment so you can make quarterly payments to the IRS.\n\nThis is advisable because if you under-withhold based on your income, you can be penalized by the IRS for it.  Here is a link to the form and its instructions.  You'll need Adobe Acrobat and/or its web plug-in to view it:
38631
No, you do not need to file your tax return first, although it would be more helpful.  Just fill out the FAFSA with rough estimates (use last year's tax return to estimate).  When you do file your tax return, you can go back to FAFSA and edit your info.  So don't worry. =)