Without this information, the customer might not know what the invoice is for and not return payment. The customer's information. Include the customer's address, phone number, social security or tax ID number, and any other relevant information. When a customer sends you a payment, you'll know exactly whom it's from.
Most people advise filing taxes every year, even if you income is super-low, so that the IRS never has any extra reason to audit you. As I, a non-professional understand it: $3,300 is the minimum to have to file if you work for an employer and get a W2. $400 is the minimum if you're self employed. Also, if you're getting a tax refund, you MUST file. Most people advise filing taxes every year, even if you income is super-low, so that the IRS never has any extra reason to audit you. As I, a non-professional understand it: $3,300 is the minimum to have to file if you work for an employer and get a W2.
Here are the details: 1  Something new on Form W-2: Starting in 2014, you likely started see a new number on your W-2 form. This is how employers will report the value of your health plan to the IRS. 2  Health plans are not income: Even though the value of your plan is reported on your W-2, itâs not taxable. So you donât need to report it as income on your tax return. Penalties for those without medical coverage: The penalty started at $95 or 1% of income (whichever is greater) per person in 2014.