I only made 50 bucks this year because i was a student and only started working in DEC. Do i have to do taxes?
355719
You have to pay taxes only if you make $1000.00 or more.
24852
You cannot claim them as income...nor would you want to...that would cost you money. If you lived soley on these funds with no income you actually do not have to file taxes at all. If you have income less than $7950 then you're exempt from filing if you meet the following criteria:\n\n*****for the purpose of earned income credit, you can file even if you have less than what obliges you to file. EIC will begin to credit you at $1 earned, but it is a minimal amount ($10). The more income you can prove the more its going to increase until it starts to come back down. There are a number of special rules for eic but students aren't one of them. There are a number of things you may not have thought of for income for a student...I have listed it with the links below...\n\ngood luck
348546
No, you're not tax exempt.  However, depending on the amount of money you're earning while in school you won't pay that much in taxes.\n\nJust using 2005's rates and exemptions, HOH got an exemption of $7300.  Assuming you also got a personal exemption, your first $10,500 of income wouldn't be subject to income taxes.  In addition, for each additional child that you claim, $3200 more isn't subject to income tax because of the exemptions.\n\nIn addition, you're probably eligible to claim the Child Tax Credit, EITC, you'd probably get the hope or lifetime learning credits (tax credits for education expenses).\n\nHowever, without more information, it's tough to tell you more.
950913
Typically employers hand out W2's in January and must have them out by the 31st of January.  Most employers probably wouldn't be able to complete their books in time to give it to you by the end of December.  I will have hours worked in December, but they will count toward 2007's earnings since I won't actuallly be paid for them until 1-6.
223478
If you were a part year resident in a state where you earned no income, but did earn income during that tax year, you'd want to check the resident filing requirements for that state to see if any of your income is taxable even though you earned no income in that state.  \n\nAs a similar example, I live in State A and but only earn income in State B.  Because I'm a resident of State A, I pay income tax there (and in State B) even though my income is earned entirely in state B for the entire year.
585525
It sounds as though it is. If you worked in CA, then you paid CA SDI - it's not optional. You can see the rates by following the link below.\n\nIf it's for a prior year, it would also show up on your W-2
460247
I believe that if you make $600 or more you have to file a 1099.  So probably would be in your best interest to file a return, unless you made less than $600.
474222
File your 2005 return on time if possible.\n\nFile all of the returns in separate envelopes.\n\nIt doesn't matter if you mail them all at the same time or staggered.  By separating them into individual envelopes, they will be handled separately.\n\nYou might even indicate on the outside of the envelope which tax year is contained inside.
149883
Theoretically, if you properly fill out the worksheet on a W-4 (Withholding Certificate), the exact amount of tax--no more and no less--will be deducted.  However, it never works out that way.\n\nIf you're concerned about underpaying your taxes, you can file a form 1040ES, Estimated Tax.  It helps you determine what you expect to earn in the coming year to more accurately estimate your tax liability.  While this form is most often used by individuals running their own business, it is something to consider.\n\nAs for your state, it would depend on the one in which you live.
353546
If the states you lived in deducted state taxes from your check, Yes.  When you file this year your tax preparer should know what to do.  I had to file for MI but the state I live in now doesn't have a state tax.  so next year I only have to file the feds.  The tax person has to get the forms for whatever state. You file 1 tax for those 2 states and your current state.  Just take your w 2"s.  Make sure you don't have to do City also.  MI (Detroit) has a city tax.
70536
I'm not an accountant, but...as an employee, you're a W9 employee(Company reports and pays taxes on you.)  As a self-employed / contract person, you are a 1040.  That is you report, file and pay ALL of your own taxes.  You will continue to pay the same rate, but, will have business deductions that you wouldn't have before and you will have to pay the full Soc. Security taxes (about 15%).  Before you and your employer shared that expense.
429551
No they are not taxed but you have to report on the FAFSA as untaxed income.
455035
You will have to wait until next year to file that income since it was recieved in 2006.  What you can do is pay estimated taxes on the amount you just recieved if you haven't already been taxed on it.
137338
You have to file last years taxes and this year's taxes.  Unfortunately they won't be able to process this year's by e-file because you didn't do last years.  You have to file the paperway, but if you do it early like by this weekend, you could probably see a refund by early april.  They don't usually charge a fine for filing late but they won't pay interest either if they owe you money.
1049010
Yes they go from previous years so next year when you send in your tax earning for this year they either owe you money or worse you owe them.
77544
You can only file, this years and 2 previous years. I prepare taxes for low income families in my community. So i know what im saying. Im actually taiking courses every saturday with an irs agent as the instructor. I've done this for the past 2 years.
445375
Ugh, you need to file your taxes if you make more than $400 as an IC and I believe $700 as an employee. Not everyone has to file taxes.\n\nDON'T listen to ALMOST ALIVE. The IRS's site and other documents clearly state that independent contractors have to file if they make OVER $400. I'm sure he'll get caught soon. ALMOST ALIVE, aside from the taxes that you owe, just imagine how much in penalties you will have to pay-up to 25%. And, the IRS calculates interest on a daily compounded basis at a minimum of 7%. They have up to 10 years to collect for each tax year.