Quick Tax Question

[XZeroII]

I made about $600 this past year, do need to actually file taxes? or can I just forget about it. Until now I just forgot about it, but now I'm kinda leary.

 

[azazyel]

If you get a W2 then you will need to file.

 

[Kenny0829]

If you file a tax return, you'll get back whatever they held in taxes, since you didn't make that much
It's your money

 

[XZeroII]

All the money was from interest on bank accounts. Does that matter?

 

[911paramedic]

***DISCLAIMER*** I am not an expert, nor do I claim to be one (or my info for that matter) ***DISCLAIMER***

My sister is a CPA and is a controller for her company and does its taxes every year. At some point she told me that if you do not owe anything you do not have to file. It is also the case that you can file tax forms from years back (as long as you filed before, or did not owe anything) and get refunds if they are due to you.

***DISCLAIMER*** I am not an expert, nor do I claim to be one (or my info for that matter) ***DISCLAIMER***

IRS Website for the below info

Topic 351 - Who Must File?

Whether you have to file a tax return for 2001, depends, in part, on your filing status, age, and gross income. You will hear the filing status, age, and amount of gross income that would require you to file. Listen carefully until your situation is described.

• Single, under 65, and your gross income was at least $7,450.
  Single, 65 or older, and your gross income was at least $8,550.
  Married, filing a joint return, you and your spouse were both under 65, and your gross income was at least $13,400.
  Married, filing a joint return, one spouse is 65 or older, and your gross income was at least $14,300.
  Married, filing a joint return, both you and your spouse were 65 or older, and your gross income was at least $15,200.
  Married, filing a separate return, and your gross income was at least $2,900, regardless of your age.
  Head of household, under 65, and your gross income was at least $9,550.
  Head of household, 65 or older, and your gross income was at least $10,650.
  Qualifying widow or widower with a dependent child, you were under 65, and your gross income was at least $10,500.
  Qualifying widow or widower with a dependent child, you were 65 or older, and your gross income was at least $11,400.

 

[XZeroII]

thanks for the help