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What is the least you can make a yar to file for taxes

Forum|Forum|7 years ago
June 1, 2019
2 replies
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I made $7000 for the year, can I file for taxes ?

Best answer by jtax

what do you mean "file for taxes?" Did you have withholding? You may get that back if you file.

You can always file a return even if you don't have to. In fact it is a good idea because filing a return starts the 3-year statute of limitations running. After 3 years the IRS cannot assess tax even if you made a mistake and owe tax. (Sometimes that is 6 years and for fraud there is no time limit.)

However if you don't file, the statue never starts to run. Furthermore if the IRS asks you why you didn't file, even 50 years later, the burden to prove you didn't need to file is on you, which is IMHO impossible to meet.

J

jtaxAnswer

Employee

what do you mean "file for taxes?" Did you have withholding? You may get that back if you file.

You can always file a return even if you don't have to. In fact it is a good idea because filing a return starts the 3-year statute of limitations running. After 3 years the IRS cannot assess tax even if you made a mistake and owe tax. (Sometimes that is 6 years and for fraud there is no time limit.)

However if you don't file, the statue never starts to run. Furthermore if the IRS asks you why you didn't file, even 50 years later, the burden to prove you didn't need to file is on you, which is IMHO impossible to meet.

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M

Melaine

Employee

Yes you can. To determine if you need to, please use the following IRS questionnaire Do I Need To File A Tax Return. You will get a definitive answer based on your individual situation.