If I own a house and am going to school but have never worked can I file taxes and get money back.?
156715
You have to work to be able to file a tax return. No income, no taxes taken out...
839409
Dazed and Con has some very valid points. I would like to elaborate on them. Personally, I don't believe in the "rent to own" - it is a load of crap that doesn't give you any tax benefits. If you are able, take out a 5-year interest-only fixed loan. By that time, you will be out of school and can refinance the property. You should have built up enough equity by that time to not have to worry about a negative amortization. You can pay down the principal during this 5 year time if you wish. When you re-fi after you are out of school and working, you can roll some of the student loans intot he re-fi if you fix the house up enough to get a good high appraisal. This way, all of the interest including your student loan money would be tax deductible. This brings me to the last issue. Are you prepared to pay back student loans plus Uncle Sam after you graduate? If not, then having a house that is yours, not some "rent-to-own" nonsense, will give you the type of write-offs you will need to cut down or eliminate those tax checks. If the landlord is not willing to sell the house to you under a true normal sale scenario, then he/she is not serious. You never said whether or not you have a down payment. If not, then the rent-to-own may possibly work if you have an iron-clad conract with regard to your down payment coming from your rental payments of 4 years, an end date to the time when the property will be put into your name, etc. Take any rent&#92;-to-own contract you end up with to the local court house and record it against the property to stop anyone from selling it out from underneath you. Sorry to be so cynical, but I have seen many a rotten landlord on these. Buy it outright if you can.
667192
No, from what you wrote you did not work and had no income tax withheld.  Only income tax is refunded in the USA.  Sales tax is leaved by local governments and they have no refund procedures nor are you entitled to any of these taxes back.\n\nYour home government my have some plan to give you money for this but I don't think so.
414499
I'm sure that anyone that has worked must file a tax return, regardless of age. Usually you will receive money back! So don't delay...file today!
210587
You can go back to school, but you will not be able to borrow any Federal Student Aid until you resolve your default.  A loan default will show up on your FAFSA and preclude you from obtaining both grant aid and self-help aid (loans, work-study)... Your Financial Aid Administrator may deny you insitutional scholarship as well.  Even if you don't go back to school, you should still resolve your default -- if only for the sake of your credit report and its effect on your ability to obtain a car loan, home loan, credit card, etc.  \n\nIf you do obtain a job while you are in default, the Department of Education has the right to garnish your wages, using them to pay off the defaulted loan.  It *does* happen.\n\nOnce you are out of default (which usually means making a certain number of on-time payments), you will again be eligible for Federal Aid and you will be much better off. \n\nIf you choose not to resolve your default: there are private loan companies will still give you a loan. You can do simple internet searches for education loans, but to make sure that the company you choose is legitimate, check with your college Financial Aid administrator. If you *must* go this route, it is in your best interest to pay attention to interest rates and repayment terms (remember: your loan default affects your credit which in turn affects the rate that you receive on your private loan).
380530
It is possible to get a refund from the IRS even when you have not paid any or little taxes into the system.  If the income from your self-employment is very small ($400 or less)or negative, you will not owe any self-employment taxes.\n\nYou will get child tax credits in the amount of $2,000 ($1,000 per child) and perhaps some Earned Income Credit (EIC) if you have some positive income from your businesses.\n\nIf you send in your return and it is incorrect, it will take the IRS 8 months to a year to get back in touch with you.  You are wise to hold out the 30% just in case, but you might want to take your taxes to a professional to make sure they are correct.\n\nGood luck.
353372
No. Your best bet is your employer giving you tuition reimbursement. You could ask the local banks around your area. But I doubt it.
321143
Yes, you must file a state return unless you live and work in a state that does not have state income taxes. Those states are Alaska, Florida, Nevada, New Hampshire, South Dakota, Texas, Washington, and Wyoming. Otherwise...your stuck.
144768
The college does not take your money, the government takes it and gives it to the agency that has filed a claim against you. If you have received aid for school and did not pay it back, then there you go. It is legal. It is in the fine print when you apply for student loans.
237980
If you had any substancial income. If you worked a job that required you to fill out a W-2 and I-9 then you need to file your taxes. Gambling winnings, child support, allamony, lottery winnings also qualify as income. If you just earned 5 bucks a week doing chores for neighbors then filing taxes isn't necessary. Depending on your circumstances you could be claimed as a dependant on someone else's taxes and not required to file your own. A tax professional can help you there. Or you can go to the IRS website and research whatever more specific questions you have.\n\nChild support may not be taxable but you still have to report recieving or giving it out.
341443
Go to the local Tax Assement.  Unpaid taxes get taken out of the sale of a house at closing and can go on for years so you might not be able to motivate some people to sell that way.  I think it all depends on what city you are in.
772621
It is risky not to file.  When you don't file, the IRS sometimes does your tax return for you assuming the worst case conditions.  They may send you a bill for tax you owe based on bad assumptions.  It may turn out that you really deserve a refund, but because the IRS did the return for you, you may end up owing.\n\nRegardless, if you are due a refund and don't file within 3 years, you will never get the refund.  If you owe money and don't file within 3 years, you STILL owe the money plus penalties.  If you file late, but within the 3 years AND you are getting a refund, you will NOT have to pay any penalties.  If you file late and owe money, you will have penalties thrown in as well.\n\nOne last thing, sometimes when you go for a loan, they need to see your tax returns to see if you have income to support the loan.\n\nI can't think of a good reason to EVER not file a return.  Why get on the bad side of the government for no reason.  You may be forgoing a refund.  A lot of people don't file because they owe child support or something.  This is a bad reason not to file.  Why?  Even if your entire refund goes to pay child support, at least you will owe that much less child support.  The amount paid is credited to you.  If you don't file, you get NO credit and NO refund.  You loose both ways.  Plus, you make the IRS mad.\n\nAn other reason people don't file is because they will owe.  This is another bad reason not to file.  Even if you owe, at least file the return even if you don't send in any money with the return.  The fact that you filed will lessen the impact of the penalties.  Besides, if the IRS does your return for you, they may do it in such a way that you will owe more than you really do.\n\nPlease do your tax return each year.
139122
There isn't specifically a "tax break" for a first time homeowner.  You do get to deduct your mortgage interest.  As far as moving, if you pass the checklist of questions, you should be able to deduct the specific items that the IRS will allow, i.e. mileage, and moving expenses if it was for your job.
800337
You don't mention if you have a job.  If you do, you could either ask your employer for an advance on your paychecks or you could go to one of those paycheck loan places where they will loan you the money, at a high rate of interest, but it's better than being homeless.  Also, have you asked your parents or relatives?  One other thing, check your university's social services dept. (if they have one) and ask a counselor there for help.  \n\nIf you don't have a job, get one!  If you've been paying your rent on time in the past and this is the only time you've been late, your landlord might cut you some slack when you show him that you are really trying to get your life back on track.  Set up a payment plan with him and stick to it.\n\nIt's good that you're learning a valuable lesson now, while attending school, and it's not even part of your curriculum.  Your credit history/rating will be one of your most valuable assets as you go through life.  Protect it and do all you can to keep it healthy.  That way, when things happen to cause unexpected financial problems, you have options.
40547
If you didnt owe any money, there's no penalty for not filing.  The penalties are figured the passed due taxes owed.  So, if you dont owe anything there, there isnt any penalty.
651560
Time to talk to a real estate lawyer.  Many charge a small fee ($50-100) for an initial consult and often that's all you'll need.\n\nMechanic's lien is only if you are a contractor and have done work on the property.\n\nIf the deed is not in your name, you are no longer responsible for the taxes.\n\nHOWEVER, if you carried back the mortgage for the new owner, you COULD lose your property because of unpaid tax bills.  You need to talk to a lawyer and start eviction proceedings (if this is the case).\n\nyour best bet - talk to a real estate attorney.
885325
You can't claim head of household on your return since you don't have any dependents - that's one of the requirements for head of household.  Read the instructions for W-4.\n\nIf you claim more allowances on your W-4 than you are entitled to, yes you'd get more in each paycheck, but then you'd owe it back when you file your return, and might also be subject to penalties and interest depending on how much you owe.