 What is the best way to cut taxes for single guy who makes a six figure income? |
| I contribute 20% to 401K at this time, are there any other ways to reduce my tax burden short of having more kids or getting married... Been there done that..... |
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 Is it illegal in the UK to import and sell fake goods such as? |
| Clothes,perfumes and watches....if it is whats the punishment if you get ... |
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 WTF? JUST WHEN I THOUGHT IT COULDN'T ANY WORSE.ANYBODY ELSE HEARD THE NEWS ABOUT THE REBATE checks? |
| 1ST THEY ARE GOING BY LAST 2 DIGITS OF SOCIALS AND that direct deposits will be done b4 checks start to go out . the checks has started to go out already b4 people with low and high digits that'... |
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 IRS Owed taxes that i can not in no way afford, what do i do? |
| Hi, i worked for a small company for 2 years and apparently they never submitted no money to the IRS (illegal i know) now the company has disappeared looked high and low they are gone, some say out ... |
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 Claiming a newborn as a dependent? |
| I am due in February and thought that I would have to wait until I file my '08 tax return to claim my baby as a dependent, since it isn't due until after 01/01/08. However, I was told that ... |
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 Cheap alcohol and tabacco over the internet (in the UK) not possible ;-[? |
| Just seen the news of this on the Yahoo page and am most disappointed. I was really hoping they would allow for this, but at the same time, didn't think the governement would let £16bn a year ... |
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 Is it true that the only sure things are death and taxes? |
and when Chuck Norris goes to work for the IRS they will be the same thing?
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tskelton - no offense meant to Chuck. he is the hero of many here. that's cool that ... |
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 Am I a dependent or not? |
| My monthly income is around $900 and my dad's is $1050. We are 4 members in our family, my mom and my brother. I have to pay half of the rent expenses, which is $500, every month. Rest $500 is ... |
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 How come if your on a low income you get given loads extra??? |
| Is this really fair, a family who earn more than 30k combined don't receive tax credits but below that they do, so the people who went out got a decent education worked hard to get a good job ... |
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 I'm filling out my tax forms for a new job, i want to get more out of my pay checks now , do i claim 1 or 0? |
| i'm single with no dependents. I would rather get more money out of checks now than in a return. but i don't know if i should do 0 or 1. I think i've done 0 in the past and it took ... |
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 Tax question. My x wants me to give our son as his dependent for 2006 tax? |
even so I had the child all year. He is trying to tell me that for him it will be a 3000 saving but for me only a 200 difference.
I have not been able to go to a tax person yet and think I am ... |
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 When does your employer need to give you your w-2 by? |
I have heard in the past that your employer must send you your w-2 tax forms by January 31. Is this true?
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Is there a statute in the tax laws that refer to this?... |
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 How to work out 5% vat? |
im trying to work out the net and 5% vat on £1.00. Is there a formula to work it out?
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lol! the £1.00 is just an example, im pretty sure i've got more vast sums ... |
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 I didn't earn any income last year, do I have to file a tax return? |
| I was a full-time student for all of 2007...the only possible taxable event was that I sold some stock for a small loss (I bought at about $1000 and I sold them for about $900). Any help will be ... |
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jussagirl | Can I claim an unemployed adult who lives with me? |
My boyfriend and I live together and he has been out of work for a while. I pay 100% of all our expenses, including his child support payments. We are of course unmarried. Is there any way that I can claim him as a dependent on my tax return?
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BTW... as far as using me. He actually does go out to look for work. The area where we live does not have a lot of opportunity. It took me 6 months to find work when I was unemployed and I have an excellent resume. We're actually looking to move to an area where there is more opportunity. |
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Kim
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You can claim him as long as he meets certain guidelines. Here is a link to the 1040 instruction book. Page 20 explains what the qualifications are.
http://www.irs.gov/pub/irs-pdf/i1040gi.pdf |
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reshadow31
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No sorry you cant not unless you are the legal custiodian of him, but just his living with you doesnt count, he could get a temp job until he could get a full time job, you shouldnt let him live off you, sounds like he is using you |
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Kim W
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first of all you need to make him get a job and from what you are saying he has a child so why are you paying his child support. You can't calm that at all.Has he been off work more then six months you might can carry him .i believe but it is differant in each state .You need to get some information from one of them places that prepare taxes..But girl you need to stop taking care of a grown man. |
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♥Carol♥
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You pay his child support?! Damn gurl ... he's got a good thing goin' eh? It seems to me, if I had a child to support ... I'd be digging ditches, flippin' burgers ... anything I could do, in order to feed my child. :(
In regards to your question ... as far as I know, he has to either be related to you or be disabled. |
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corryminder
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YES you can i claim my out of work man every year |
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MousePotato
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You can claim the BF as a dependent only if he lived with you the entire year, earned less than $3,300, and got no other monies from relatives during the year to support himself. He cannot file a join return with wifey (if not yet divorced). There are other tests, but those are the biggies.
You cannot claim Head of Household unless you have a qualifying child or qualifying relative for which you provide a home. BF does not count for this filing status.
You cannot claim child support (for deductions). You cannot claim the child if the child is not yours by blood or adoption. Even then, you'd have some other hurdles to jump in order to claim the child of BF. |
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KB
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Nope, you can't claim him, as he is in no way related to you. Sorry, you'd have to marry him, and even then, as an adult, you may not be able to claim him, if he is fit to work. |
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Judy1
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Maybe. If he lived with you all year, and didn't make more than $3300 for the year, and you provided more than half of his total support for the year, then you probably can. There are a few other requirements, but those are the main ones (see instructions for 1040).
Being able to claim him as a dependent will NOT qualify you to file head of household, though. |
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CPA
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It's not as simple as yes or no. It depends on your relationship to the adult. Below is a link to the IRS Tax topic "Dependents". |
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rosco
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YES,you answered all the questions you wanted answered.If you supplied over 50%of his living expenses,you can claim him on your income taxes as a dependent.As long as you have proof of these claims.Good Luck
ROSCO |
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Barkley Hound
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Not unless it is recognized as a common law marriage.
BTW: Just because someone says they always do it doesn't mean it is legal. They have not been caught yet. |
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jakeo374
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yeah i think |
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teddy bear
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you sure can |
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♥They call me mom♥
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You may be able to. My husband always claimed me as a dependant on his tax returns before we got married. My uncle told me that it as legal because I am the mother of his children. You may want to ask someone who does taxes just to be sure. |
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Dear need to know
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yes you can claim an adult on your tax return, If they lived there the full twelve months out the year and you took care of them, and no one else can claim him on hteir returns.
claim head of house hold and put him down as a dependant. |
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c123
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YES you can certainly claim him as your dependent. Look up the definition for 'qualifying relative' under the tax code. There are basically 3 tests that he has to meet and based on the info you provided, he appears to do meet all 3. I think it is interesting, however, how many people are providing incorrect advice..... |
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