 How important is it to declare profit on rental property? |
| I have a retal propert nowy nearly 8 months, income is alot greater than mortage, Should I declare it to inland rev, also is there anything I can write off against my profit? What would be the ... |
|
 Does finance or boyfriend meet the qualifed dependent test when I am filing Head of Household? |
Additional Details
Seems to me a boyfriend meet the requirement for "qualifed relative" test but not the "qualifed person" under HOH test. But why? and if I am ... |
|
 Tax Audit question, re: 401k Distribution? |
| I got audited on my 2006 tax return for taking an early distribution from my 401k. When I closed the account, I was given the option to have them withhold the penalties and taxes, or to give me the ... |
|
 How much are you supposed to get for claiming your child on taxes? |
| He is 2 as of the end of last year. If that helps and i am head of household.... |
|
 Who do you hire for filing complicated taxes? |
| I will be filing some complicated tax forms for 2007. I probably can't just take them down to H&R Block. I owned and sold a sizable amount of stocks & options (and lost a large amount of ... |
|
 Question about taxes when selling a house and not buying another home...? |
| I purchased a condo 5 years ago. When I made the purchase I put a down payment of $25,000 down. I sold the condo in 2007. After closing, I walked away with $22,000. I did not purchase another home. A... |
|
 Why has my employer asked me to fill in a p46? |
i have a p45 but its about 2 years old
my new employer has told me to fill in a p46.
why cant i just give them my p45?... |
|
 Question about the tax rebate and dependents? |
| Since the tax rebate is based on your income in 2007.. will I still receive the rebate for my dependent who was born in 2007? Do they base dependent checks on 2006 tax return claiming? I am unclear ... |
|
 Populer saying: ife, death and taxes? |
I'm have a tip-of -the-tongue experience and i'm not getting past it.
How does that populer saying go:There are three things that are certain: life death and taxes??
I'm so ... |
|
 My Employer did not withold enough from my W2, what do I do? |
| Basically at one of my jobs (I had 3 last year), I earned roughly 3,300, but only about $44 was witheld. Normally this wouldn't be a problem, but I made about $21,000 last year. Needless to ... |
|
| I've been moving a lot in 2006, (NV,NY,CO) transfering for different starbucks. What do I do about taxes? |
I don't think I have any payment records. Can I call the starbucks to get that info? I really know nothing about taxes.
T... |
|
 Healthcare providers overbilling so they can write it off as a loss? |
| My health insurance company negotiates the fees with my healthcare providers so that we pay a set rate for services. I noticed however that when my doctor would submit a claim, it would be for a far ... |
|
 I'm a minor but am afraid of doing taxes when I get older...? |
Should I be afraid.....Is doing your taxes pretty easy?
Any links to help me?... |
|
 Can you give me an estimate of how much we get back? |
my husband paid in 1200 in taxes last year i didnt work and we had a child in october. the bookkeeper just told us there would be 3 dependants and we qualifed for the eic
Additional Details<... |
|
 I know this is a stupid question here it is i am claiming incapacity benefit and not income support why ? |
people on income surpport get a discount on there glasses and i cant (income surpport nothing wrong with them)
(incapacity benefit ill)
Additional Details
i can see half the wallys ... |
|
|  |
mvogt5 | Can someone get into trouble with i.r.s for claiming children that are already claimed?? |
|
 |
 
Richard M
|
If two people claim the same child as a dependent on their federal income tax returns, the IRS will send both parties a letter asking both of them to drop their claim if if they aren't intitled to it. If both parties continue to assert the claim, the IRS will investigate and determine who gets the exemption. The losing party will have to pay the extra taxes plus interest and potential penalties. |
|
barbowork
|
Yes, that would be called fraud. |
|
dinah m
 |
i just filled for my kids and found out some one claimed theme .and they put a stop to my cash .and know i dont know what to do and how to go about it.my kids ss # was tooking and some one is useing it .if some one out there can help thanks |
|
Jennifer E
|
Absolutely! You and the other person claiming the children can be audited to prove who had the claiming rights! And, once you are audited, look for it to happen every year! |
|
Judy1
 |
If two people claim the same child, the person who doesn't have the right to claim them will end up having to pay back whatever they saved on their taxes, plus penalties and interest. |
|
curious
|
yes it is fraud and only the person who actually fed and took care of the children will get the right to claim them......the other person will have to return the money received with interest |
|
Steve B
|
No, but he can get in trouble for claiming children who are not his dependents. Whether he is the second or the first to claim them is irrelevant. If the children are his dependents, but someone else claimed them on an earlier filed return, he might have to prove the kids are his dependents. |
|
unicorn
|
If someone has already been claimed on the tax return, the irs already knows, and if you try to claim the same children it will be denied and you will be under investigation to find out who truely should have claimed those children. If you file your taxes and efile, the irs within 24-48 will reject the return because the social of those children have already been used. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
8 | 20 minutes(s) ago
| | | |
8 | 28 minutes(s) ago
| | | |
8 | 49 minutes(s) ago
| | | |
8 | 1 hour(s) ago
| | | |
8 | 6 hour(s) ago
| | | |
8 | 11 hour(s) ago
| | | |
8 | 2 day(s) ago
| | | |
8 | 1 week(s) ago
| | | |
8 | 2 month(s) ago
| | | |
8 | 3 month(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
