Should I report my income?

[LucazMix]

Hi, I'm new to the forums and hopefully I'm posting in the right section.

The answers to my obvious question should be YES of course (although some of us would like to be the opposite )

Anyways, what I'm actually trying to say is this:

I recently started working in Oct 06. Since it was a part time job, I recently finished last week.

A friend of mine told me I should report my taxes, and that I would receive some sort of fill-in paperwork.

The thing is, I never got any government(?) letter telling me to report taxes or whatever they ask for.

So, should I report now, ask about the paperwork, wait until 07... what?

Thanks in advance and any advice is greatly appreciated!

[autoxer]

Answer the questions in the following link & it will tell you whether you need to file or not.

Do You Need to File a Federal Income Tax Return?
http://www.irs.gov/individuals/artic...=96623,00.html

[cschin4]

Did they take taxes out for your PT job? Did you get a W2 from them. Were you an independent contractor. Whatever the answer, you have to report your income. Don't mess with the IRS.

[Snoopy2645]

Wont this person get a 1090 thats what I get for my independent contractor jobs where they dont take out taxes. BTW I am with the others dont mess with the IRS they will haunt you down & they charge outrageous interest on back money owed to them.

[autoxer]

Originally Posted by cschin4

Whatever the answer, you have to report your income. Don't mess with the IRS.

If your income is below the filing requirement, then you do not need to file a tax return. That's not messing with the IRS.
http://www.irs.gov/individuals/artic...=96623,00.html

[Snoopy2645]

ISnt it if you make over $400?? I was just guessing but even working pt from OCt to the end of Dec or whatever wouldnt they more than likely have made over $400 maybe not but I just figured they probably had

[LucazMix]

nevermind guys, thanks for the help though

I just asked my employer and she said I should be recieving the W2 form by the end of January.

I'm kind of new to this thing of tax report.

Once I get it, what should I do with it?

Is it too late by the end of the month?

once again, thanks in advance!

[autoxer]

You have until April 15th to file your 1040. I would suggest using one of the free file programs through the IRS, but you also have to check with your state to find out their requirements.