Home | Links | Contact Us | Bookmark
Financial Forum Search :
   Homepage      News      Financial Topics     Finance Directories      Financial Forum      Dictionary  
Financial Forum    Taxes
Finance Discussion Forum

 How should a person approach the IRS when oweing them lots of money and after failing to file for 7 years?
I have a friend who has not filed taxes in several years and owes the IRS a lot of back taxes he'll never ever be able to pay. He'd like to approach them and reach some kind of a settlement ...


 Should you get a tax refund if you pay $6,000 a year in interest for your mortgage?
When my husband did our taxes this year, we owed $90. My friend told me that the first year you own a house you get a really good tax refund because of all the interest you pay. Is this true? S...


 Would you be willing to pay more taxes if health care and education were free?
...


 When do you get the extra rebate back?
...


 I won a $10,000 prize and the $1900 on a slot machine. Do I have to pay PA Income tax on both?
Can I take off my gambling losses on both since they were both won at a casino?...


 Where does McCain plan on getting money if he's reducing taxes approximately $1200 per taxpayer?
Is the national debt just going to increase?...


 How much is 20K/year salary after tax and N.I? Per month?

Additional Details
I'm in the U.K...


 Why did my letter from the IRS say that my rebate check would arrive by May 30th and then nothing came today?
It stated BY the 30th on the letter that I recieved on the 28th but when the mail ran today it wasn't there!...


 Can federal and state tax refunds be more than I paid in?
Forgive me if this sounds like a stupid question but:

1) Could my federal and state tax refunds be greater than the amount I paid in?

2) Doing my taxes (prelimnary) I am taking ...


 Has anyone got email from England that u won lottery, to get won amount pay the courier delivery charges ?
My friend (in India) received email(Yahoo account) from London Lottery company. He was asked to pay some amount to courier company to receive the won prized amount.Is it just to earn by making Indian ...


 Is there a law that says we HAVE TO pay income taxes?
well....I heard Income Tax is unconstitutional and was never realy approved....


 Friend audited by IRS and needs help?
A friend of mine was audited by the IRS for her 2004 tax return. In the initial communication, the IRS requested certain proof and documents which she promptly sent. Now she received a new letter ...


 Do bosses have to supply you with a w4 form? and doesn't he need your address for the mailing of the w2 form?
See my former boss hired people without getting ss#'s but took taxes out of their pay? Plus no pay stubs are given, so you don't know breakdown of what taxes came out or what you made ...


 Just married this year~ file taxes jointly or seperately?
Hi, my husband and I just got married this year- I worked full time from Jan. through June, and will be a student for the rest of the year. I have also just taken out a student loan for this fall. My ...


 Can you use your losing lottery tickets as a tax write-off in U.S.?
...


 Tax question for a teen?
ok well im a 17 yr old teen who works at an amusement park. i wana know do i HAVE TO do my taxes? my teachers told me i dont have to do them unless they send me some w2 forms. havent gotten them yet. ...


 Why aren't pensioners taxed more?
Seeing that pensioners use 90% of NHS and welfare services, do you think there should be an extra tax on those drawing large pensions?...


 Sales tax on online items?
I'm buying my girlfriend a promise ring online for christmas, and i was wondering if i would have to pay sales tax on it? I'll be able to get it come monday, but i was just wondering for my ...


 Will i still be eligible to recieve my one time tax rebate if i dont file an income tax this year?
...


 I received massage via my handphone for $800,000 from YAHOO-UK-ASIA LOTTO, No Ref:UK/ASIA/25/35/UKAS.?
How to claim?...



terica1972
If someone claims me as a dependant should I still file my taxes?
my niece has a job and recieved a W2, but her mom claims her as a dependant. Can she still file her taxes?
                     
 




rosie_lynn
Rating
Yes, as far as I know. We have turbotax. It really helped us. Also if you go earlier in the year here( have to have an appointment) you can get free help by a qualified person at the local library. Not sure if you have that there, might want to think about it for next year?

Always pays to be sure about everything when it comes to taxes!!! But they can be amended if you find mistakes later. I think you can even go back 3 years. Many find money they are owed like this.


NJchick
yes she can; however she'll have to take a smaller exemption


Beth
Yes. Being claimed as a dependent is only so filer A can get more money back. Filer B (the dependent) can still file and get a return.


Gym Ratt
Rating
If she recieves her own income than her mother will be committting a felony be listing her as a dependant if your neice is above the age of 18 if she is below the age of 18 at still cares for her in her home than the mother can still claim her as a dependant and she can file her taxes however make sure the mother knows that claiming a dependant can be considered IRS fraud if she is not actually taking care of your Neice.


lainey lain
Rating
If she is a full time student, she is still allowed to make a limited amount of income and still be claimed by her mother as a dependent up to 24 years of age. But as said earlier she must check the appropriate box that she can be claimed by some else and she cannot claim any exemptions. This information is available in the tax booklet under explanation of a dependent.


shanahw
Rating
yes she can still file her taxes they will ask her questions including can you be claimed as a dependents on someone else's tax return alls she will have to do is say yes and they will file the right forms. if she is considered some one else's dependent then she should get everything she paid into federal taxes back.
i hope this answers your question


boblunchdude
Yes, just make sure she checks the box that says she can be claimed as a dependent


trbessie
I wanted to add here that I used TaxAct online, and filed my taxes electronically for only $9.95.


shersmi9@sbcglobal.net
Rating
IF YOU ARE OVER 18 AND AWARE THAT THEY ARE CLAIMING YOU.
NO, YOU SHOULD NOT , BECAUSE WHEN SOMEONE IS BEING CLAIMED AS A DEPENDANT ON SOMEONE ELSE'S TAXES YOUR BASICALLY SAYING THAT THE PERSON TOOK FINANCIAL RESPONSIBILITY OF YOU FOR THAT YEAR.


Steve
Yes, she should file her taxes. However, she cannot claim the personal exemption though.


marv7236
there is certain criteria that must be met to claim someone as a dependent. Did your niece make more than 3500.00 in that tax year. You should still file a return even though you are claimed as a dependent. You will only get back a percentage of what u put in and cannot claim EIC ( earned income credit). U can claim anyone as a dependent if they have lived with u for the entire tax year and earned less than 3500.00 and u provided for them financially.


 Enter Your Message or Comment


User Name:  
User Email:   
Post a comment:







Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.034
Copyright (c) 2011 Financial Crisis Tuesday, May 29, 2012 - Terms of use - Privacy Policy