Hello and welcome to Moneygirls Quick and Dirty Tips for a richer life.

I'm your host Laura Adams. Today's topic is about what to do if you or someone

you know hasn't filed or paid their United States income taxes. Now let's talk taxes. Whether we like it or not,

income taxes are a requirement that we can't avoid without serious consequences.

I'm sure almost everyone who's listening knows that individual

income taxes for each calendar year are due on April 15th of the following year.

April 15th is also the deadline for payment of first quarter estimated income taxes.

If taxes are not withheld from your income, you may be required to make quarterly estimated tax payments for the current year.

This would be the case if you're an independent

contractor for example. So how much money do you have to make before you're

required to pay income taxes? The lowest income category is for a single person under the age of 65.

Under current law, these folks have to file an income tax return when their gross income reaches or exceeds $8,750 a year.

I'll put a link in the show notes to the current tax chart that shows filing status, age,

and minimum income requirements for paying income tax.

If you didn't file a 2007 return because your income wasn't high enough,

you may still need to file one this year in order to receive the 2008 Economic Stimulus Payment.

This is how the IRS will know your name, address,

and eligibility for the refund.

To receive a stimulus payment,

you must have a valid Social Security number, have at least $3,000 of

2007 income, and file a 2007 tax return.

The IRS began issuing these refund payments to more than 130 million eligible

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