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Thread: Taxes!!!

  1. #1
    Domestic Domestique UnsafeAlpine's Avatar
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    Taxes!!!

    Ok, I find myself in a bit of a pickle. To continue my education in the fall of this year, I'll need to have my tax return filed. I didn't make any money last year. No W-2, no income, nothing. Is it still possible to fill out a tax return for 0 income and if not, how do I sort out my financial aide for the fall semester?

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    You Know!? For Kids! jsharr's Avatar
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    PM mv. for once, it will be useful to know him.
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    Quote Originally Posted by colorider View Post
    Phobias are for irrational fears. Fear of junk ripping badgers is perfectly rational. Those things are nasty.

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    Domestic Domestique UnsafeAlpine's Avatar
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    Quote Originally Posted by jsharr View Post
    PM mv. for once, it will be useful to know him.
    Dammit, I was trying to avoid that bugger...

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    Senior Member mikeybikes's Avatar
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    Is this for the FAFSA?

    For the FAFSA, you don't actually have to file taxes, just know what you would put on the tax form.

    Also, you can file a 1040 for 0 income.
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    Banned. ModoVincere's Avatar
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    Quote Originally Posted by UnsafeAlpine View Post
    Dammit, I was trying to avoid that bugger...
    Are you eligible for any credits? Even if you don't have an income, some credits are available. I won't go into the details, as I really am not a tax accountant and would have to do a little research to tell you which is which.
    In addition, how did you pay for school last year without an income? Perhaps you can show withdrawls from savings or some such in lieu of a tax return.

  6. #6
    Domestic Domestique UnsafeAlpine's Avatar
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    Quote Originally Posted by ModoVincere View Post
    Are you eligible for any credits? Even if you don't have an income, some credits are available. I won't go into the details, as I really am not a tax accountant and would have to do a little research to tell you which is which.
    In addition, how did you pay for school last year without an income? Perhaps you can show withdrawls from savings or some such in lieu of a tax return.
    The previous year's grant and some loans. Are loans considered income and if so, will I receive some sort of tax form for that?

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    Banned. ModoVincere's Avatar
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    Quote Originally Posted by UnsafeAlpine View Post
    The previous year's grant and some loans. Are loans considered income and if so, will I receive some sort of tax form for that?
    No, loans are not considered income unless you don't pay them back, in which case you have income.
    Grants may or may not be considered income, depending on the grant and its terms.

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    K2ProFlex baby! ilikebikes's Avatar
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    Quote Originally Posted by UnsafeAlpine View Post
    Ok, I find myself in a bit of a pickle. To continue my education in the fall of this year, I'll need to have my tax return filed. I didn't make any money last year. No W-2, no income, nothing. Is it still possible to fill out a tax return for 0 income and if not, how do I sort out my financial aide for the fall semester?
    I don't pay taxes! Ha! ha!
    You see, their morals, their code...it's a bad joke, dropped at the first sign of trouble. They're only as good as the world allows them to be. I'll show you. When the chips are down, these...These "civilized" people...they'll eat each other. See, I'm not a monster. I'm just ahead of the curve

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    Quote Originally Posted by UnsafeAlpine View Post
    I didn't make any money last year. No W-2, no income, nothing.
    Hard to believe no woman has snagged you yet.

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    Domestic Domestique UnsafeAlpine's Avatar
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    Quote Originally Posted by probe1957 View Post
    Hard to believe no woman has snagged you yet.
    Dude, get with the program. I'm living with my gf, her two kids, and her mom. I've been snagged, tagged, gutted, and filleted.

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    Banned. ModoVincere's Avatar
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    Quote Originally Posted by UnsafeAlpine View Post
    Dude, get with the program. I'm living with my gf, her two kids, and her mom. I've been snagged, tagged, gutted, and filleted.
    So jsharr's going to start offering you as the new B'day gift to everyone?

  12. #12
    You Know!? For Kids! jsharr's Avatar
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    I practice catch and release
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    Quote Originally Posted by colorider View Post
    Phobias are for irrational fears. Fear of junk ripping badgers is perfectly rational. Those things are nasty.

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    Banned. ModoVincere's Avatar
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    Quote Originally Posted by jsharr View Post
    I practice catch and release
    maybe, but its that time inbetween that catch and release that is what worries me.

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    derailleurs are overrated bigbenaugust's Avatar
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    Quote Originally Posted by UnsafeAlpine View Post
    Dude, get with the program. I'm living with my gf, her two kids, and her mom. I've been snagged, tagged, gutted, and filleted.
    And served lightly breaded in a white wine sauce with asparagus spears and sauteed red potatoes on the side?
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    You Know!? For Kids! jsharr's Avatar
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    fava beans and a nice chianti.
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    Quote Originally Posted by colorider View Post
    Phobias are for irrational fears. Fear of junk ripping badgers is perfectly rational. Those things are nasty.

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    Who has a good sense of humor for going along with my little April Fool Gag (The Admin) Mr. Markets's Avatar
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    'zacktly!

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    Senior Member
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    Quote Originally Posted by UnsafeAlpine View Post
    Dude, get with the program. I'm living with my gf, her two kids, and her mom. I've been snagged, tagged, gutted, and filleted.
    I know. I was just givin' ya chit.

  18. #18
    You Know!? For Kids! jsharr's Avatar
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    He is already full of it, why give him more?
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    Quote Originally Posted by colorider View Post
    Phobias are for irrational fears. Fear of junk ripping badgers is perfectly rational. Those things are nasty.

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    Banned. ModoVincere's Avatar
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    hmmm....maybe we can have a new tea party where we throw non taxpaying college students into the water.

  20. #20
    Free @coasting RUOkie's Avatar
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    Quote Originally Posted by ModoVincere View Post
    hmmm....maybe we can have a new tea party where we throw non taxpaying college students into the water.
    just make sure that their new computers are not with them.
    Quote Originally Posted by Herbie53 View Post
    Being full of crap and depositing it here consistently is really nothing to be proud of.

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    Banned. ModoVincere's Avatar
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    Quote Originally Posted by RUOkie View Post
    just make sure that their new computers are not with them.
    But some of them might be floaters then.

  22. #22
    Me and the cat... Pamestique's Avatar
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    UA - don't get me wrong - I think you a nice guy but I now know waaaaay too much about you. Just consider this the next time you try to tell me something in P & R... I have been working and supporting myself, putting myself through graduate school etc, for the last 40+ years. You are the true equivalent of a young whippersnapper! Get out and make it on your own for about 10 - 15 years, then tell me how I should believe or behave. Of course I say this all in jest...

    getting back to the original topic... It might behoove you to pay some money (yes I Know you have none) to let an accountant work with you at least this first year. Once that's done each sucessive non working year should be easy!
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  23. #23
    steel lover
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    Do you have any money in bank accounts? The interest is income.
    They should give you a 1090. I think?
    No lugs, no care.

  24. #24
    Senior Member mikeybikes's Avatar
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    Quote Originally Posted by chevy42083 View Post
    Do you have any money in bank accounts? The interest is income.
    They should give you a 1090. I think?
    Only if its above $10. And its a 1098-INT

    With current interest rates, you'd have to have lotsa money to make more than $10/yr in interest on a bank account.
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    Senior Member deraltekluge's Avatar
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    You can always file a return, whether you had income or not. You can even get a computerized return preparation for free. http://www.irs.gov/efile/article/0,,id=118986,00.html

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