How do I file a zero tax return?

Filing a nil ITR does not require a special request. The procedure is the same as filing a regular ITR. You can file a nil ITR online through e-filing. Before you begin, keep the following details ready - PAN, Aadhaar, Bank Account and Salary details, Form 16 and Investment details (if any).

Can you file IT return for zero income?

Filing a NIL income tax return is not mandatory if your total income is below the basic exemption limit as per the income tax act. But it is always recommended that you file an ITR if there is any source of income earned by you in a financial year. If you are finding the task tedious, then stop worrying.

What is a zero return tax?

You had no tax liability for the prior year if your total tax was zero or you didnt have to file an income tax return. Your total tax was zero if the line labeled total tax on Form 1040, U.S. Individual Income Tax Return or Form 1040-SR, U.S Tax Return for Seniors was zero.

How to file a zero tax return

A nil income tax return is filed by an individual whose taxable income falls below the income tax slab and therefore, he/she is not required to pay any taxes. It is important to file an ITR irrespective of low/nil income. If you fall under this category and choose to file a nil ITR, you are declaring to the Income Tax Department that you have earned nil/low income during that assessment year. So, is it really mandatory to file a nil ITR? Read ahead to find out.

Table of Contents Show

Online notification of no payment due
How do I file a zero tax return?
Can you file IT return for zero income?
What is a zero return tax?

Filing type refers to the frequency of filing - whether you file monthly, quarterly or yearly. If you receive a preprinted tax report from our office, your filing type for the current period can be found in "box d".

Filing type is confidential information that you must provide when you TeleFile. If you don't know how frequently you file, you can call us at 800-442-3453 or email us.

How do I enter the filing period using TeleFile?

For a yearly report, enter the two-digit year that represents the year for which you are filing. Enter 16 for 2016.

For a quarterly report, enter a three-digit number. The first two digits are the year; the third digit is the quarter. The quarters are based on a calendar year. For:

January through March, enter 1
April through June, enter 2
July through September, enter 3
October through December, enter 4

If you are filing a report for April through June of 2017, you will enter 172 at the prompt.

For a monthly report, you will enter a four-digit number. The first two digits are the year; the third and fourth digits are the month.

If you are filing a report for August of 2017, you will enter 1708 at the prompt.

What is the difference between short form and long form filers?

Short form filers have one active location and do not report local sales taxes for jurisdictions outside their business location

Long form filers have multiple active locations, or have one location but report local sales tax for multiple jurisdictions.

Are there limitations on how many old reports I can file via TeleFile?

Yearly filers can file two years' worth of old returns.
Quarterly filers can file four quarters back.
Monthly filers can file returns that were due within the past six months.

What happens if I make errors while TeleFiling?

If you make an error while TeleFiling – like entering your taxpayer number incorrectly – the system will give you two opportunities to correct that error.

On the third attempt, the system will take one of two actions:

During normal business hours (7:30 am - 5:30 pm), your call will be routed to a tax specialist in our Tax Policy Division.
Outside normal business hours, you will be told to call for assistance when the office reopens.

I called the TeleFile number using my touch-tone phone and received an error message.

On some touch-tone phones, there is a button for you to select the pulse or touch-tone option. TeleFile only works when the touch-tone option is selected.

If I TeleFile, do I still need to send in paper copies of the return?

No. If you successfully complete the call and receive a confirmation number, there is no need to submit a paper report.

Remember, if you file electronically twice, using TeleFile or Webfile, we will no longer send you paper returns.

Unless you tell HMRC that there is nothing due they will issue payment reminders. You must still file a company tax return, even if it shows nothing due.

Before you file the company tax return you can let HMRC know there is no payment due by completing this form

Online notification of no payment due

If you use this tool to report nil payments for more than one Corporation Tax reference number you should refresh your browser between submissions. This will make sure the correct reference number is used.

Enter your Corporation Tax payment reference in the box below. You can find this:

on your notice to file or any reminders that HMRC sent you
through your company's HMRC online account - choose 'View account' then 'Accounting period'

The reference is made up of 17 characters, for example, 1234005678A00101A and is accounting period specific so please quote it exactly.

Tax Return with Zero Income

This page is archived as you can no longer e-file a return to claim any 2020 or 2021 stimulus payments. See how to claim Stimulus payment 1, 2, and/or 3.

Question:
How do I prepare and eFile a 2022 Tax Return with zero taxable income?

Article, Solution:

Below are instructions to prepare and eFile a 2022 Tax Return for Individuals who are not normally required to file tax returns, but may need to or want to for other reasons. Important: The federal stimulus payments or Recovery Rebate tax credit can not be claimed by filing a 2022 Return. If you need to claim any stimulus payments:

Claim Stimulus 1 and 2 by filing a 2020 Return; claim Stimulus 3 on a 2021 Return. As of January 1, 2022, this is the only way to claim these stimulus payments.

Follow the instructions below ONLY to e-file a 2022 tax return if you had 0 zero income income during 2022 or are generally not required to file a tax return. You can NOT do this to claim the third stimulus and as well as the Child Tax Credit. In some cases, you can also use these instructions to file your return if you had 0 Income in 2021 and if your spouse filed a tax return as Married Filing Separately. The instructions below do NOT apply for social security income recipients, etc. All social security recipients please follow these instructions.

Attention: It's very important to know that the zero Income 2021 tax return is NOT TO BE used if you did have 2021 taxable income or social security income in order to receive the third stimulus payment via the Refundable Tax Credit. Only follow these instructions if you indeed had zero income in 2021. All others must follow these instructions.

If you had zero income in 2021 and generally do not file a return:

Create your free eFile.com account or Sign into your eFile.com account.
Start the tax interview process by entering your personal details on the "Name & Address" screen (not shown below). At the end click "Save"
Then, click on Help in the top menu section as shown below.
Enter "Recovery Rebate Credit" in the Help search box, click on "Add form" next to Recovery Rebate Credit.
Recovery Rebate Entry Screen for the 3rd Stimulus Payment
If you received the 3. Stimulus payment in 2021, enter the amount you received or the amount listed on notice 1444-C and mailed to you from the IRS. If you DID NOT receive the payment, enter "0" (zero). If you did not get notice 1444-C or have since discarded it, please enter the amount you received as your third stimulus payment.
Make sure you keep and save the letter from the IRS with your 2021 tax return records. You will need the Economic Impact Payment amount you received as stated in the letter from the IRS Notice 1444-C for your 3. stimulus. Additionally, keep record of Notice 1444 for your 1. Stimulus payment and/or 1444-B for the 2. Stimulus payment. If you DID NOT receive for any reason the 3rd stimulus payment, enter a 0 - as in number zero - on the Recovery Rebate Pages on your 2021 Tax Return.

How do I file a zero tax return?

Filing a nil ITR does not require a special request. The procedure is the same as filing a regular ITR. You can file a nil ITR online through e-filing. Before you begin, keep the following details ready - PAN, Aadhaar, Bank Account and Salary details, Form 16 and Investment details (if any).

Can you file IT return for zero income?

Filing a NIL income tax return is not mandatory if your total income is below the basic exemption limit as per the income tax act. But it is always recommended that you file an ITR if there is any source of income earned by you in a financial year. If you are finding the task tedious, then stop worrying.

What is a zero return tax?

You had no tax liability for the prior year if your total tax was zero or you didn't have to file an income tax return. Your total tax was zero if the line labeled "total tax" on Form 1040, U.S. Individual Income Tax Return or Form 1040-SR, U.S Tax Return for Seniors was zero.