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Do i have to file income tax return if i haven't been employed ?

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Do i have to file income tax return if i haven't been employed ?

Postby brittan53 » Wed Sep 21, 2011 10:02 pm

i have been unemployed since 2008 when i last filed tax return. Have not had source of income since then. I have been staying with family and friends. I have been seeking gainful employment but have had no success.
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Do i have to file income tax return if i haven't been employed ?

Postby donahue » Wed Sep 21, 2011 10:05 pm

Possibly, but it is not very likely.

1. If you have been receiving unemployment compensation, that is "income" and you are required to file.
2. If you own or have control of, or signature authority over, a foreign trust or a foreign bank or securities account, then you may be required to file, even if you do not have income.
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Do i have to file income tax return if i haven't been employed ?

Postby sion » Wed Sep 21, 2011 10:16 pm

If you've had no income, you don't have to file. But there are many types of income other than from employment that need to be reported: unemployment comp, profit from sale of assets, self-emplloyment including "side jobs" like lawn mowing......
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Do i have to file income tax return if i haven't been employed ?

Postby stiles » Wed Sep 21, 2011 10:22 pm

You would be the only one that would know if and when you have been paid any amounts for performing your services or things of value that would have required to fill out and file a 1040 federal income tax return such as self employment income using the schedule C and the SE of the 1040 tax form for this purpose.
Hope that you find the above enclosed information useful. 09/17/2011
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Do i have to file income tax return if i haven't been employed ?

Postby illanipi » Wed Sep 21, 2011 10:24 pm

without income there is no need to file
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