A simple tax question .... No "official" income - do I have to file?

[Yooperman]

All my income last year was paid in cash for services I performed.

Do I or should I file.... The total amount was about $7,000.00. No dependents but myself.

Thanks for any advice!

Peace

Yooperman

[Kali]

1. ...

http://www.irs.gov/uac/Do-I-have-to-File-a-Tax-Return%3F

page 6 and 7 of this http://www.irs.gov/pub/irs-pdf/i1040.pdf

[Yooperman]

5. Ty....

I appreciate your helping.

[Kali]

7. do check to see if you are eligeble for a refund or credit

then it might be worth filing for - and you can do it so easy for free through the IRS website

[pscot]

2. I wouldn't

unless you qualify for some kind of credit.

[Kali]

3. from what I can tell you do not have to file

if you are under 65 and income was less than $9,750

is that your only income?

[Yooperman]

6. Ty

Yep... total income... 56 years young.... Thanks again!

[RebelOne]

4. Nope. I collect SS and do not have to file

as it is my only source of income. Unless you have a refund coming, I would not bother to file.

[Yooperman]

8. Ty

Well it's not SS ...but this is what I live on. With zero debt and an inexpensive apt.... I get by

Thanks again....

[RILib]

9. I'll second the advice to see if filing qualifies you for an income credit

Also, you may have to pay self employment tax, which I think adds to your Social Security qualification.

[rmax]

10. No, but you might get something back if you DO file.

It's weird, I know, but sometimes the normal deductions get you a refund even if you earned something. I'd give it a try.

[dimbear]

11. You don't have to file, but it might be worthwhile to keep the record of this somewhere that it

will be available only to you. Never can tell.

[Sekhmets Daughter]

12. If you can prove the income, you are eligible for a tax credit under the EITC

Income $7K credit is $475...they will send you a check for that amount.

[Yooperman]

13. Mmmm.... interesting....

The guy I work for pays me cash every two weeks... he doesn't take any deductions out.

I guess I should look into it.

Thanks.

YM

[Sekhmets Daughter]

14. Definitely look into it!

You can start with a simple search of EITC 2012.

You're welcome I'm sure!

S D