If you don't make any money for the year, do you still have to file tax forms?

[powwka]

Not that I haven't made money, but I'm just curious.

 

[bobdelt]

nope...

 

[MagnusTheBrewer]

Yes, you do still have to file a return. You must declare that you are not filing because you have not earned at least $3500 in the past year and therefore owe no taxes.

 

[allisolm]

Originally posted by: MagnusTheBrewer
Yes, you do still have to file a return. You must declare that you are not filing because you have not earned at least $3500 in the past year and therefore owe no taxes.

Don't believe so...
http://www.irs.gov/individuals/article/0,,id=96623,00.html

 

[Pepsi90919]

Originally posted by: bobdelt
nope...

YES

 

[D1gger]

Yes, you do have to file.

 

[kranky]

NO NO NO.

You do NOT have to file a return if your income is under certain thresholds. But for some people they should file anyway, if they are eligible for the EITC for example.

Geez, allisolm posted a link and people are still posting wrong info.

 

[novasatori]

it starts statute of limitations its a good practice to file anyways in case they try to come back for money

 

[BoomerD]

Nope. If you don't earn the minimum amount set for the year, you do not have to file. I didn't file in 05 and 06, because all my income was non-taxable, but will have to file in 07 because I cashed in my union annuity.

 

[JEDI]

file it anyway.

dont want to have a blank year and the IRS think whats up w/that and presses audit button