I have a dcp asking for the amount she paid in 2015 which was barely over $100. I did not give her an invoice for taxes as I read someplace and under the impression that if the amount was under $600 i did not have to. any info would be great thank you
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Is There a Minimum Amount for Tax Invoice?
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If YOU made over $600, you have to claim all income, and give your tax info to parents. In fact even if you make less than that you are required to give the info to parents, you just won't owe taxes on it. Failure to give a parent who asks the info is an automatic $50 fine, and very likely an audit. I would give the information and be done with it.
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Originally posted by Thriftylady View PostIf YOU made over $600, you have to claim all income, and give your tax info to parents. In fact even if you make less than that you are required to give the info to parents, you just won't owe taxes on it. Failure to give a parent who asks the info is an automatic $50 fine, and very likely an audit. I would give the information and be done with it.
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