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Monday, 22 January 2007

Do you still have to file a tax form if you didnamp;#39;t earn any money that year? -

Possibly. 1) If you have at least a certain amount of total income, even if it is not quot;earnedquot; income, you must file. 2) If you made non-deductible IRA contributions, failed to take a required minimum distribution from an IRA, sold bonds or stock (even if you lost money on the transaction), participated in certain types of tax shelters, made certain types of transactions with an HSA, etc., you may be required to file to report the amount of the transaction, even if no tax is due, or to pay a penalty (for failure to take the required minimum distribution from an IRA, for example). 3) If any income tax was withheld (erroneously or otherwise), you must file in order to receive a refund. 4) If you have quot;qualifying incomequot;, even if it is not taxable, and Congress renews the stimulus rebate, you have to file to receive the rebate.|::::|Yes, if you have unearned income, or if you are a business or a charity, then you must file a tax return, even if you do not owe any taxes.|::::|No.|::::|Nope. It s called quot;income taxquot; for a reason. No income = no tax = no need to file a return.|::::|no if you do not have any taxable income for that year than no need to file|::::|You may need to if you have passive income that exceeds $600.|::::|If you didn t earn any money what would you report on the income tax return. So no you don t not unless you earn unemployment.

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