Today TaxMama hears from Daisy in South Carolina who says, in these very words. “Need to find information on how to file: No Income but paid taxes on withdrawn retirement account, early withdrawal (59yrs of age) on IRA account, property taxes and bank account interest earned.”
It sounds as if you do have income – and penalties.
It’s unclear what else you have going on. So I suggest that you do not handle this yourself.
Yes, you could go to IRS’s FreeFile service if the total income is under $54,000.
But from the way you present your situation, I don’t think you understand all the concepts or consequences. And I can’t exactly point you in the right direction, since it’s not really clear what your income is.
Consider going to a good local tax professional.
If you can’t afford to pay for one, see if there’s an IRS VITA service nearby
AARP may have a Tax Aide center near you.
You can get a live person to sit down with and discuss your situation. They’ll be able to prepare your tax return for you.
And remember, you can find answers to all kinds of questions about free live tax preparation services, and other tax issues, free. Where? Where else? At TaxMama.com[Note: If you were subscribed to the e-mailed TaxQuips, you’d be getting other exciting news and tips by e-mail, that never appear on the site. Please click on the subscribe link and join us.]
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