 It's Tax time...who claims our daughter...? |
My ex and I have 50-50 custody of our daughter.
I have my own apartment, pay all the bills, food, and my daughters pre-school.
My ex lives at home with her mother and only ... |
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 Can someone tell me what will happen If I report the incorrect amount of federal withholding on my tax return. |
| I mistakenly transposed a digit on the withholding section and am afriad that this will delay my return. When does the IRS receive tax withholding records my my employers for 2006? Could this ... |
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 What happens if taxes have not been filed in 3 years? |
Additional Details
I am assuming this will work in mine and my husband's favor. His ex-wife has not filed taxes for over 3 years, my stepson insists on living with us and I guess ... |
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 Who knows if there is a procedure to declare to the IRS if you find some gold coins? |
| I was wondering If you find a little chest buried that has some gold coins inside and you want to declare it how much will the goverment take, you know if they take most of it or they just collect a ... |
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 My boyfriend, who supported me and my kids in 2006 can't claim any of us, is there anything he can do? |
| He has paid for everything from food, housing, clothing, medical and preschool....can he get any deductions at all for me and the kids? It doesn't seem fair that he can't show us as his ... |
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 My hubby has been laid of can he claim dole? |
mu huby has been laid of due to no work can we claim dole even tho im working he was the main bread winner you see.
can we get help with rent. ... |
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 IRS claiming I owe them 850 from my 2005 return...they overpaid me..help?? |
| In 2005 i was out of work for 3 months and liquidated my 401K from my previousl employer to pay rent...I filed my taxes using TurboTax Feb 2006 and input all the information from the distribution. I ... |
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 If I buy stock and sell it in a few months (before a year's time), how much tax will I pay on my gains? |
I live in the state of Maryland.
As an example: I purchased $775 with of stock a few days ago and sold it for $1100 today. How much tax will I pay on this gain? Note that I make around $... |
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 Tax rebate question? |
| Okay, today is the 9th so where is our money? We filed back in feb. and got our regular return a long time ago. We filed direct deposit. The last 2 digits of the ss # is 58 so that means we should ... |
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 Anyone receive their Stimulus Direct Deposit? |
| It is May 2nd, my last two digits "09" and nothing yet! Does anyone else have the same problem?... |
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 If giving rebate checks helps the economy, why dont they lower taxes altogether? |
if they lower taxes by lets say 1/2, wouldnt that be helpful for the economy since your keeping your own money and spending it?
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if giving checks is helpful why dont ... |
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kat k | If I filed my taxes- and claimed myself- what effect will this have on my parents return? |
For the past 21 years my Dad has always claimed me...I always e-file, (for the past 4 years) but never checked the box to claim myself- this year, I don't know if I missed it- but I filed everything and realized I claimed myself...
Seems like I got back more money- but will this effect his return... I am a college student, too.. I guess a little less for him?
I am 22, shouldn't I be claiming myself now anyway?
THanks! |
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hrblockrichardk
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If you are a full-time student, you must (a) provide more than 50% of your own support (including college costs) or (b) live totally independently and earn more than $3500 in order to not be a dependent of your parents (or of whomever provided more than 50% of your support).
If you claimed yourself when you are actually a dependent of your Dad, then you should amend your return (1040X) and repay any tax benefit you obtained from taking your own exemption. Your father would need to mail in his return with you as his dependent because it would be rejected for electronic filing and it would be helpful for him to attach a note justifying his basis for claiming you, if he submits that return before your amended return is processed in 2-3 months.
Richard K
HR Block
This advice is based upon our understanding of the law in effect at the time it was written as it applies to the facts provided by you. See my profile for more information. |
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Gatsbi007
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Your dad will not be able to file electronically. The best option is to send it your 1040X with your dad's paper return. Write a short letter stating what happened. |
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vampirechick05
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When I was in college my mom claimed me until I was 21 ( got married a few days after my birthday). As long as you father states that he is still financially supporting you I think it would be ok for him to claim you. Plus at that time I was working too and filed my own taxes as well. I don't know if this will help clear up your problem, but I hope it does. |
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v b
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It means that if he can claim you that a) he has to file by mail and b) you have to amend.
As others have stated, this wasn't a choice, this is based on the facts. |
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Jss
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If your dad can claim you dependent, you can not claim your own exemption. It is not your choice.
If you are not a full time student, then you are not his qualifying child.
You can be his qualifying relative if your dad provided more than half of your support and your did not earn more than $3,500.
A dependent can be your qualifying child or qualifying relative. Read about the requirements to claim a dependent: http://taxipay.blogspot.com/2008/03/requirements-for-claiming-dependent.html |
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Patricia C
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It means he can't claim you, therefore he will pay more taxes. |
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Judy1
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If you are a full time student and still live at home, at least when you aren't away at school, it's very possible your dad can still claim you until you turn 24.
Since you claimed yourself on your return, if he can still claim you he'll have to mail in his return, he won't be able to efile. And you and he will both end up with some IRS paperwork, and one of you will have to file an amended return and pay back the money you got for claiming you. |
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hrblock.laura
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If you are 24 and a full time student, live with your parents, do not provide over half your own support, then your parents have the only right to claim you on their tax return.
If you filed as claiming yourself, then their return will be rejected by the IRS when they file. You need to file a 1040X amended tax return and show you are being claimed as a dependent by someone else. Then you would owe back tax if your income was all from wages and exceeded $5450.
Then your parents would have to wait until the IRS accepts the amendment. This could take 10-12 weeks. In the mean time they could file their return not claiming you, then file an amended return themselves adding you on as a dependent.
Laura H - H&R Block - Senior Tax Advisor 5
**This advice was prepared based on our |
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