Why can't I invest the money I would otherwise be giving to the IRS before the due date throughout the year so I can end up paying less total on taxes?...
I would like to stop having taxes withheld from my paychecks. I understand that I will still be liable for paying them come tax season. Is it ok if I go ahead and change my W4 to exempt? I plan on ...
My friend in France told me that their president has now stopped the workers getting taxed on overtime. So every extra bit of overtime they do each week they get to keep the lot. Lots of guys i ...
I recently found out I owe the IRS $650, but I'm living on welfare & can't afford it. Will they arrest me if I don't pay, or should I declare bankruptcy? I don't own a car or ...
I withdrew 22k from a previous employer 401k during 2007 to refinance my primary home. I had a 3yr ARM balloon and would have headed into foreclosure if I didn't refinance. Since I wasn'...
I'm 18 years old and i got my w2s in the mail in january. Here it is almost April, and she keeps telling me she's going to do them. but shes not. i just want to do them my self.
I was on the irs site and it said that the w-2's were pushed back and that they weren't going to began being mailed out till jan 31st.. Any1 living in Philadelphia Pa and has recieved there ...
I filed for my taxes on tax online or something like that last year but i didn't get any returns i had a change of address i didn't get no money or papers saying i filed wrong is there ...
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If daughter was born in jan 2008 can i list her as DEPENDENT on 2007 taxes?
That may be the stupidest question every posted. You probably should not be doing your own taxes.
chatsplas
NOPE. Your question has it. She was not a person in 2007 and she was not a dependent. You'll get her as a dependent for 2008.
Oh Boy!
Was she a dependent in 2007?
Umhh, the answer is obviously "no".
TOM
no
lauren92907
2008 is key,, it has to be 12/31/2007
entidtil
No, of course not...
gobonzzo
No. She would have had to have been born no later than December 31 at a minute before midnight on New Years Eve. The filing status is determined in most instances as what it was on December 31, which then counts for the whole year. If she was born on Jan 1, 2008 at a minute AFTER mindnight or later, then she is a dependent for 2008. Sometimes a minute here or there makes a very big difference.
You will make up for it on the back end, either when she turns 19 or 24 if a full-time student; that's when you lose her as a dependent. You get to keep her for the last, full year.