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Presumably you mean your work in 2006 (file in 2007) and work in 2007 (file in 2008). Any way you ask, the answer is the same: Almost without exception money earned through employment (and not deferred in some type of an approved program like a 401K or such), profits realized, interest earned, etc. are reportable as income in the period they were received or were receivable (even if the actual check is sent or deposited later). You do not need to work for any particular minimum length of time in the period, nor is there is as election as to when you may report them. If your paid from a business entity or employer (rather than from your own business), this will normally correspond to the year identified on the W-2 or 1099 you receive (and the IRS receives) for those earnings. There are however minimums below which you do not need to file a return for the period. However, if you had $ withheld, you would want to file to to get the money back. Also, if your income is that low, there are several programs that may mean you can actually get benefits by applying. Even if you could, putting two years together, hence making your income higher in a reporting year, would probably work against you. IRS TAX TIP 2007-02 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. For example, a married couple under age 65 generally is not required to file until their joint income reaches $16,900. However self-employed individuals generally must file a tax return if their net income from self employment exceeds $400. Check the
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You forgot to file a w-2 with your 2006 tax return can you file it with your 2007 tax return?
No, you must amend your 2006 in order to report the W-2 earnings. The certain credits are based on your income, and therefore you must correctly identify which income belongs in a specific year.
Your divorce was final in June 2006 in June of 2007 you reconciled and have been living together ever since can you file joint for 2007 and you have a child?
No you can not file a joint return if you reconciled with your husband unless you remarry. Only married couples can file joint tax returns.
Do Medicaid people get the Federal Rebate?
some do but you have to file a 2007 tax return even if you donot file every year
Does a single student earning 3132.25 in 2007 need to file a federal tax return and will any taxes be owed?
If you're a single student claimed as a dependent on your parents' (or someone else's) return, you weren't required to file in 2007 if your income was under $5,350. If you weren't being claimed as a dependent by anyone else, you weren't required to file if your income was under $8,750. But if income tax were withheld from your earnings during the year, you should file a return in order to get a refund of that tax. If you didn't file a return in 2008 for a refund of your 2007 tax withheld, you still can file for that year.
What are the release dates for Lonelygirl15 - 2006 Cracked the File 1-139?
Lonelygirl15 - 2006 Cracked the File 1-139 was released on: USA: 24 February 2007
How much do you have to make were you have to file taxes in 2007?
Go to the IRS gov website and use the search box for Do You Need to File a Federal Income Tax Return?For tax year 2007 only, many taxpayers who would not normally need to file a federal income tax return will need to file one in order to ensure that they receive an Economic Stimulus Payment (commonly referred to as "rebate"). If in 2007 you were not required to file based on the amount of your income but the combined amount of your earned income plus Social Security, Railroad Retirement benefits and certain benefits from the Department of Veterans Affairs is $3,000 or more, you should review the information on receiving an Economic Stimulus Payment.
who has to file a return ?
Who has to file a return
Didn't file income tax last year will you still get refund this year?
That depends. If you didn't overpay your taxes through withholding or other means, you won't get a refund. If you were not required to file a tax return in 2007 and are due a refund, there is no reason you shouldn't get it. If you had income in 2007 that the IRS is aware of (say because it was reported on a W-2 or 1099) and that was sufficient to require the filing of a 2007 return, your refund may be held up until the 2007 issue is resolved. If you meant to ask "Is there still time for me to get a 2007 refund?" the answer is an emphatic yes. All you have to do is fill out your 2007 tax forms and mail them in. It's really that simple. Even if you didn't file a 2007 tax return, you should file a 2008 tax return on time if you are required to file for 2008. A lot of people, for one reason or another, neglect to file a tax return for a year or two. They then become scared and stop filing tax returns for future years. Even if you missed a return in the past, you should file this year's return on time. Each and every year you miss is a separate offense and subject to a whole new set of additional possible penalties. Not filing for 2008 will not help your problems from past years. In fact, it will compound your problems and make them orders of magnitude worse. If you should have filed taxes in 2007 or you were owed a refund from 2007, file your 2007 taxes now. And regardless of what you do about 2007, file your 2008 taxes on time.
Can you file 2007 and 2008 taxes together?
No. There are different forms for each year. You must fill out separate forms for 2007 and 2008. It is not a good idea to mail them in the same envelope. Remember, if you owe money, the penalty for not filing on time is TEN TIMES what the penalty would be if you filed on time but did not pay. Always file on time. Even if you didn't file your 2007 return yet, you should still file your 2008 return on time.
How do we file for the rebate checks?
The 2008 Tax Rebates will be sent out to everyone who files a 2007 Federal Tax Return.
If the IRS owes you how long do you have before the IRS does not have to pay you?
You can file a claim for refund within the later of:1. Three years after the tax return was originally due2. Two years after payment was made.If you had withholding from your paycheck, that is considered paid on the date that the return was due (so your withholdings from 2007 are considered paid on April 15, 2008).So right now, for individual income taxes you can only file a return and get a refund for 2006, 2007, and 2008 (you could have filed 2005 and gotten a refund still as late as April 15, 2009 because it was due on April 15, 2006). Note that this response was written in October 2009 for reference.
Does your daughter have to file a tax return if she earned 1200 in 2007 from babysitting?
No she does not. $1200 is way below the allowable income level.
