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

 Can I claim petrol allowance?
I spend about 10 pounds a day on petrol, I'm in a full time permanent job and I have to use my car for work so how much can I expect my employers to pay legally...do they have to pay anything? I ...


 How i can see my pan card in net,, i have only my pan number?
...


 If you work for the church, is your paycheck taxed?
i know if the church makes a purchase they do not pay taxes because of the "seperation of church and state" but what about paid employees? do they pay any taxes? do they just pay federal?...


 Why stimulous refund is less than 600?
...


 IRS email scam?
I have been recieving emails almost every day- the address is donotreply@irs.gov, saying that I am owed a tax refund. When i click on it, it asks for my bank account or debit account info and says ...


 How much will I get from the current tax rebate?
Single with AGI just over $82,0XX....


 Are bank fees tax deductible? WHat about overdraft fees?
...


 Are mortgage points deductible in the yr of pmt or do I spread them over life of loan?
I am a 1st time home buyer and am in a high tax bracket (33%). I am considering whether I should accept points and buy down the rate and claim all the points (approx $11,000) in the current year when ...


 How do rich people pay less tax?
How do rich people manage to find ways of paying less tax? I read that they employ people to find ways of reducing the amount of tax they have to pay and I was wondering what kind of things they do....


 Unemployment taxes?
Stupid me didnt report my unemployment from 2006 on my tax return. WHat is going to happen? What should I do?...


 If I live in Texas and did some work in Illinois, where do i pay state income tax to.?
The corporate office is in I...


 I am the winner of uk lottory now i need to pay theVATwhat is the minimum ammount & how i want all the infor?
...


 Paying Taxes on Stocks???
Sold my Stocks and there were taxes already taken from them. I want to know if I have to pay again when I file taxes for this year (2008)......


 What do I have to do to start paying tax on the interest on my bank accounts?
When I stayed at home to look after my kids, and therefore didn't pay tax, I didn't have to pay tax on the interest I earned on my current and savings accounts. I have now gone back to work....


 How much tax do you have to pay on money you recieved as a gift.?
I know you can give someone up to $10,000 a year as a gift. But how much if you gave $150,000? Would it be considered income an the standard income taxes apply, or are the taxes different on large ...


 Do i have to pay taxes?
if i work full time and go to school full time? is that a law.? or is it just the employers choice to do that?
Additional Details
i live in ...


 Fuel tax in the UK?
Why no one protest anymore about excessive 80p in £ tax imposed by our goverment and then increse the duties in Mr.Gordon Browns' recent budget ....


 I have a Tax question?
I was having a discussion with somebody about state taxes and I was trying to figure out how they are calculated. Let's say, hypothetically, I lived in California for most of the year and make ...


 If you have garnishments does that mean your tax refund will be taken?
If you have garnishments placed on your check which are taken out twice monthly, does that mean when income tax time runs around that they will also take your refund?
Additional Details
...


 Can I claim my son who is 16 as a dependent and can he also do his own taxes he has a part time job?
...



melissa s
In 2006 my son turned 18 .So in 07 on his taxes he claimed himself.His father also claimed him.Was he right?
I thought that because he was 18 before the half year that he can claim himself.His father said that he could not claim himself.My son never lived with him .His father could claim him up until he tirned 18.How is right?
                     
 




Michael R
Rating
No, He did not live with him at all. Unless he is away in college.

You can claim your son if he is under the age of 19 in 2007 so that isn't an issue(24 if in school).


wartz
His father could claim him as an exemption provided he met all the support tests. Age is irrelevant.


v b
Rating
We don't know.

Step 1.
Publication 501, do the support worksheet.
If your son supported himself, then he could claim himself. This is unlikely.

Step 2. If your son DIDN'T support himself, then we look at the definition for qualifying child.

Relationship (Yes)
Child under age of 19 (Yes)
Child lived with parent for over 6 months?

Child didn't live with dad, so did he live with mom?
Then mom was the custodial parent and is the presumed person to claim the exemption.

Step 3. Then we look at special rules for a child of divorced/separated parents. Parents together or separately meet 6 month test (if he lived with mom); parents together or separately meet support test (let's assume they did).

Did mom sign away exemption in divorce or did mom sign form 8332?

If yes, Dad had right to claim child.
If no, Dad has no right.


Judy1
Rating
Well, SOMEBODY wasn't right, only one person can claim any given person, and they'll both be hearing from the IRS if they haven't already. If your son provided over half of his own support for the year, then he could claim himself.

You say his father could claim him until he turned 18 - was that in the divorce decree or some other court decree? If not, then he couldn't claim him. Since he was 18 before the end of the year, then if the decree said his dad could claim him up to age 18, then that would have expired and he couldn't claim him for the 2006 tax year.

Possibly neither one was right. If your son didn't provide over half of his own support, if he lived with you for over half of the year then you are probably the only one who could legally claim him unless you signed over the exemption to his father.

They'll both get letters from the IRS telling them that they claimed a dependent that someone else claimed, and that the person not entitled to the exemption should amend his return dropping their claim. If neither of them does, then the IRS will look at everything and make the decision for them.


Taz
Was he in school?
The way mine worked I could claim them through the year they graduated high school.. Since my kids were already 18 when they graduated and turned 19 that year, I could claim them. Neither one lived with me but according to my divorce decree I could do this....

But this is a question for a tax advisor


towanda
Your son has the right to claim himself. His father may have the right to claim him, depending on a lot of circumstances. If he passes all the tests, then he has the right to claim him. But only one can do it legally. If both can, they should have talked before taxes were done.
And the part about the right to claim his son until 24 depends on whether the son is in college.


Serge M
Rating
Who is right depends on who provided more than 50% of his upkeep during the year. In any case, a person can be claimed as a dependent only once. One of the tax returns is in error.


sarah314
What happened isn't right.

A person can only be claimed once for tax purposes - if you file your own taxes, no one else can claim you. If someone else can claim you, then you don't file your own taxes.

Who *should* have claimed your son? I can't answer that without knowing how much financial support his father provided to him during the year. (Though I'd be inclined to say that your son was entitled to file his own taxes as an adult, especially if he earned his own income. But if his father provided over 50% of his financial support, then that's another story.)

Your son should figure out for sure from a tax professional though - being that his SSN was used on 2 different tax returns, it could lead to trouble if an audit was done.


fdragoneyesonme
at 18 your son can claim himself. If your son is not living with his father then the father CAN NOT claim him after he turns 18.


 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. 0.014
Copyright (c) 2011 Financial Crisis Tuesday, May 29, 2012 - Terms of use - Privacy Policy