Do you have to file taxes if you are not getting a refund? I am doing my taxes online and according to the?
Sunday, April 18th, 2010 at
2:33 pm
computer, I am not getting a refund so what do I do? Do I just file anyways or do I need to go talk to a tax professional? I have been doing my taxes online by myself for 3 years and now that I am unemployed it is coming up that I am not getting a tax refund. If anyone know what I should do, please help!!!
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If you made more than a certain amount (typically $9350 for an unmarried person), then you must file, whether or not you are receiving a refund.
Find out if you owe. The IRS seems to think if you don’t have a refund, then you owe. Fill out the form.
If you are not getting a refund then you must OWE taxes*, so you need to file a tax return and send the IRS a check for the amount you owe, silly goose!
Do you owe? Then file.
Do you owe $0 and get no refund, but the income was more than $9350? Then file.
If your income was less than $9350 (and you are not a dependent), they you do not have a filing requirement. If you sold some stock and the proceeds put you over $9350, but the basis pulls you down, you still need to file.
If you’re not getting a refund, then you probably owe taxes. That’s the time that you absolutely MUST file your return. You don’t get into any trouble for late filing or non-filing of a return where you’re getting a refund back, because that means you paid enough taxes already during the year. You get into BIG trouble when you don’t pay the IRS *everything* you owe them.