 4 X 4 OWNERS ONLY. (NO DO-GOODERS/GREENIES) What do you think of the hike in tax..AGAIN? |
I own a Landrover Discovery, they are NOT bullying ME out of it.
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I have four children and they are safe in in, not some crappy ford ka that would crumple like paper in ... |
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| I did my original return, then my dad said I had to claim myself this year, so I did an ammended return. Also since I am claiming myself, he wouldnt be able to claim my school payments, and that I ... |
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I have this on the 2nd payslip since I started my new job... I'm querying this, as my monthly income is short of about £100.
(I have reconfirmed this with an on line salary ... |
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| I have found conflicting information regarding this. It seems as though a "qualifying child" (I've read numerous times) has to have lived with you for more than half of the year (6 ... |
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Icarus. I was in the same employment for about 30 years. I have a good pension which of course I pay tax but I do need to keep my stamp going so I go to the dole ... |
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 How many allowances should we claim on our W-4? |
We are a married couple, both working, one makes 33K, the other 60K. We have a house (real estate taxes and mortgage interest), and no kids. We file married/joint.
For 2008, we're ... |
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| My husband and I just discovered that my $3000 bonus will put us into a new tax bracket that effectively forces us to pay $6000 more in taxes. What should I do? Refuse the bonus? Find some other ... |
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 How can I get my W-2? |
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 Do you get money back from the tax you pay? |
i was temporary at wilkinsons and i finished there on boxing day, i used to £60 a week and for the last payslip i got i paid £326.56 in tax
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i meant i paid 326.56 in ... |
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Paul J | Claiming medical expenses on my taxes...? |
My sister has recently received a ton of treatments and I have had to help her with the copayments. They have totaled over $50k this year and she is not claimed on my taxes. Is there any way I can get tax relief from all the out of pocket money I have spent? |
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warscoob
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This is you only chance...
she has to be a dependant.
Make her one. Put her name on one or more of your utility bills
and make a change of address now.
Have your accountant claim her and expenses on your taxes.
The worst that will happen is you can get audited within 7 years and have to pay back what was deducted. If you go past 7 years, then you are clear.
Do this anyways for any further bills you might pay in the future. |
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ninasgramma
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While it is correct that you can claim medical expenses for a dependent, the person does not have to be your dependent for you to claim medical expenses.
Please read page 4 of the following IRS publication:
http://www.irs.gov/pub/irs-pdf/p502.pdf
In particular, if your sister was not a qualifying child and you provided over half of her support (and your medical expenses count as support), then her expenses may be deducted by you even though you cannot claim her as a dependent.
Or, if your sister is under 19 or under 24 and a full-time student, or permanently and totally disabled, lived with you over half the year, and did not support herself, then you could deduct her medical expenses even if you cannot claim her on your tax return (because, for example, she also lives with her parents). |
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Judy1
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No, unfortunately. They'd have to be your bills, your spouse's, or bills for someone who is your dependent for you to be able to deduct them. |
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lucee
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Unless she is your dependent, and you've just said she isn't, you can't claim her medical expenses. Sorry. I know that's a lot of money, but believe me, you would be caught, so it simply isn't worth the risk of trying it. |
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bostonianinmo
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No, sorry, that is not deductible by you. Only the medical bills of the taxpayer and their dependents listed on the tax return are deductible. |
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Mark S
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On the other side of this situation is if you paid this money to your sister, you are required to report this payment for Gift Tax purposes.
If you paid it to the medical provider directly, there is no Gift Tax return required. |
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Scott K
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I'm assuming that she is filing her own return and using her exemption and deductions. But if she lived with you all year and you provided over half of her support and she didn't file a joint return, you should be able to claim her as a dependent and claim those expenses. |
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starashley46123
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I don't think you can claim it on your taxes as it stands now. The main reason is because the medical bills are not in your name. The total amount of money that you have spent also has to exceed the amount of your standard deduction. If it is 50,000, that definitely exceeds that! Also, I was told, (I tried to claim medical expenses on last years taxes), that you have to have paid the medical bill off in full for the year you are claiming them.
Your best bet, if your sister will agree to this, is to total up the amount that you have paid and draw up a document stating that you gave your sister this amount of money and put in the document that there is no set payment amount or date. I am not sure how the taxes would be on this for her though.
Your best bet would definitely be to use a tax consultant or accountant. This is also good because if you were ever audited a place like H&R block guarantees their services and if you end up owing anything because of an audit for the year that they did the taxes, they would pay it not you.
Good luck with whatever you do and I hope your sister is well/gets well. |
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transformasian
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You may be able to write off the payments as a bad loan or bad debt. However, the IRS may go after your sister's taxable income (if any). Read the reference for details. Consult your tax professional for details! |
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