anyone know if i file a federal tax return, do i HAVE to file state? i'm hearing that i do, but i'm not sure.

4/15/2007 11:51:44 AM

Yep

4/15/2007 11:59:30 AM

if you are in NC, then yes...

4/15/2007 12:24:13 PM

Quote :

"if you are in NC, then yes..."

This is incorrect. If you are single and claim yourself you would only have to file NC if your income is greater then $5500. If you dont believe me check this link:

http://www.dornc.com/taxes/individual/filing.html

[Edited on April 15, 2007 at 12:39 PM. Reason : link]

4/15/2007 12:38:45 PM

^i saw that in the nc tax booklet... the thing is this: i made less than $5500 last year. my federal taxable income came to $0, but by the ridiculous nc "additions to taxable income" worksheet that i had to do, i have to pay tax on more money than i actually made last year. now i don't know if i'm doing something wrong, or missing something, or what, but this doesn't seem right. i got all my money back from federal, but for some reason i owe the state almost $100, even though i didn't make enough money to file in the first place? can anyone help?? thanks

4/16/2007 12:26:50 AM

well if it says you owe, but that says you dont have to file if you made less that 5500, im pretty sure Id go with the not filing option

4/16/2007 3:27:11 PM

^^^ah, yes... I had forgotten about that. I have been out of school for a while.

4/16/2007 4:33:25 PM

at least I don't owe money.... (only reason I'm getting some back is that work takes it out automatically)

4/16/2007 4:45:39 PM

Quote :

"well if it says you owe, but that says you dont have to file if you made less that 5500, im pretty sure Id go with the not filing option"

i'm totally with you here, but i've heard that if you file federal, you have to file state... and since i apparently owe them money, i don't want to get raped by interest, penalties, etc, if i fuck up.... i'll still come out ahead, but it sucks nonetheless.

deadline is tomorrow. anyone else got advice?

4/16/2007 11:57:09 PM

I fucking always end up having to pay NC money in taxes.
It pisses me off.

4/17/2007 12:20:40 AM

If you are below the minimum filing threshold and you don't file . . . then you won't get back the money that you already paid in.

[Edited on April 17, 2007 at 9:09 AM. Reason : ]

4/17/2007 9:08:42 AM

i'm not paying until May 1


that'll teach 'em


(BTW, what's the penalty for paying 2 weeks late?)

4/17/2007 10:12:11 AM

Quote :

"You are required to pay North Carolina use tax if: - You purchased items from a retailer such as a catalog, internet store, television shopping network, etc. that does not do business in North Carolina - The retailer did not collect North Carolina sales tax on your purchase, and - You use the item in North Carolina"

wtf?

[Edited on April 17, 2007 at 10:20 AM. Reason : is this gray area?]

4/17/2007 10:20:16 AM

Quote :

"i'm not paying until May 1 that'll teach 'em (BTW, what's the penalty for paying 2 weeks late?)"

File for an extension and you won't have to worry about any penalties. If you don't then you most likely will.

4/17/2007 11:58:46 AM

Quote :

"^i saw that in the nc tax booklet... the thing is this: i made less than $5500 last year. my federal taxable income came to $0, but by the ridiculous nc "additions to taxable income" worksheet that i had to do, i have to pay tax on more money than i actually made last year. now i don't know if i'm doing something wrong, or missing something, or what, but this doesn't seem right. i got all my money back from federal, but for some reason i owe the state almost $100, even though i didn't make enough money to file in the first place? can anyone help?? thanks "

You are doing something wrong. Not exactly sure but it has to do with your additions to federal taxable income.

Quote :

"well if it says you owe, but that says you dont have to file if you made less that 5500, im pretty sure Id go with the not filing option "

You cant owe and be below the minimum threshold.

Quote :

"File for an extension and you won't have to worry about any penalties. If you don't then you most likely will. "

An extension is not an extension to pay. You will still be hit with interest and penalties. You will not, however, get hit with a late filing penalty.

[Edited on April 17, 2007 at 10:17 PM. Reason : ]]

4/17/2007 10:17:23 PM