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$400.00 or more for non-church income and $108.28 for church employee income.

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Q: What is the minimum amount of self employed income you have to file taxes on?
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How many months do you have to be employed to file income taxes?

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The amount that is now in the bank should have been subject to the income taxes already and the income taxes should have been paid. The earnings INTEREST,etc. on the amount that is in the bank would be reported on your 1040 federal income tax return along with all of your other gross worldwide income and be subject to income taxes at your marginal tax rate.


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