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

 How do you report someone running a business that isn't registered as a business.?
I know someone that is actually running a business from their home and making pretty good money, but not paying any taxes and is not a registered business. How can this be reported without giving a ...


 Should I tell the IRS they made a mistake in my favor?
After 3 grueling days of my audit interegation, I recieved a letter that stated that their conclusuion was that I was owed $1,456,839,124. 23. Should I tell them that, while I make a nice living, I ...


 How long does it take for the gov. to process an income tax check into your bank account(with direct deposit?
...


 Do you have to pay quarterly taxes when you file a 1099, or can you pay yearly?
Hi, my friend is interested in filing a 1099, so she can be an independent contractor for a company. Can she pay her taxes at the end of the YEAR, or is she required to submit income tax payments to ...


 If i were to get married and not change my name would the irs find out?
...


 Is there a penalty for not filing for a tax extension? and if so what is it?
I thought that extensions were for only if you owed but I just found out differently. The only question know is how much will I be penalized for not filing an ...


 Should Child support help me out on my taxes?
I do not claim the child as a dependant, but should I still see some kind of benefit when I file my taxes? I gave this info to my accountant and he told me that It wouln't do any benefit for me....


 Can i claim my 19 year old girlfriend on my income taxes. Im 19 too not old and creepy?
She has lived with me for well over two years, she is a full time student and has worked very little,...


 My present annual income is 1080000. What should i do to gain maximum tax benefit.?
...


 Can you file taxes with more than 2 kids?
...


 How will you spend your $600.00 government refund check?
...


 Why does U.S. tax policy give favoritism to married people?

Additional Details
dpacman... your article says nothing about married couples that have only one wage earner. In this case, the tax policy favors married couples over singles....


 Can i use a PHOTOCOPIED car insurance certificate to get tax at the post office?
Uk
Additional Details
I cant do it online due to the fact i just brought the car and waiting for log book to come and its needed on line ....


 Refund not deposited?
Your tax refund was direct deposited on January 22, 2008. If your refund is not credited to your account by January 27, 2008, check with your bank to find out if it has been received. Please wait ...


 Do you agree there should be a Child Tax Credit?
...And, do you yourself have qualifying minor child(ren)?...


 What benefits am i entitled to? (UK only)?
im 16
i live at home with my parents
im unemployed
im going to sixth form in ...


 Why doesn't the US government tax the rich more than the currently do?
They are rich, they can pay the taxes, they lived the American, its time for them to pay the taxes.
Additional Details
No I don't mean taking it away completely so that everyone ...


 Who thinks Inheritance Tax is wrong. We all pay Tax throughout our life, so why pay more when we are Dead!!!?
...


 If your gross monthly pay is £1107?
Is it right to be paying £200 in Tax and National Insurance?

On a 525L tax code?
Additional Details
It shocked me when I saw my other half's payslip and saw what they ...


 Irs reference number 9001?
my federal taxed were accepted on 1/14/08 and they gave me a dd date of the 25th. today i checked on the irs website and it says that they have no info on my refund and that i could call and use ...



hyecats1968
My daughter lived with me 8 months and then got married, who gets to claim her on their income taxes ?
                     
 




all_attitude_baby
Actually, there isn't enough information to answer this question. Is she filing a joint return with her husband? than no. Also, her age, income, and whether she was a full time student is a factor.
http://www.irs.gov/pub/irs-pdf/f1040.pdf
Page 28 should help answer your question.


ninasgramma
Rating
Your daughter can choose to file with her husband. If she files with her husband, and they have any tax liability, then you will not be able to claim her. She will claim her own exemption on her return.

If your daughter files with her husband, and they have no tax liability, are not required to file, and are filing only to get a refund, then you may claim her as long as she is otherwise your dependent (in particular, under 19 or under 24 and a full-time student). If this applies, ask her not to claim herself on the joint return, and then you will be able to claim her.

If your daughter does not file a tax return, then you can claim her.


facetious5488
The people that say you do are wrong. Her status on the day that she files her taxes determines this. She needs to claim herself, since she is married, and no longer a dependent... For example, if she was a full time student, she would get more money, etc. because she was married from FAFSA.


Crystal I
Rating
The IRS "joint return test" states the following: You "generally" cannot claim a married person as a dependent if she files a joint return. The exemption to this rule is the following:

The married couple filed a return, only to receive a refund and had no "due taxes".

Since it's in your daughters hands to tell you her refund or tax status, it's unlikely that you will be able to claim her.

Crystal
www.crystalibarra.com


WealthBuilder
Rating
I see a lot of wrong answers here. Let me set the record straight. There are 5 tests to be a dependent on a tax return. One of them is the JOINT RETURN TEST. It says, if a taxpayer can file a joint return, then she is NOT a dependent of another taxpayer.

There's always an exception. There is only one. If the taxpayer who can file a joint return is filing the return ONLY to get a refund of 100% of taxes paid in (in other words, owes no income tax and is not getting an Earned Income Tax Credit), then another person may claim the dependent.

The WealthBuilder
Enrolled Agent / Tax Specialist


kgmboat
her new husband if they file jointly


JQT
Rating
Those who said you can claim her is DEFINITELY incorrect.

Her marital status as of Dec 31st is married. Legally she has to file with her husband.

However, if the husband didn't make much money didn't need to file or only filing to get his tax withholding back, then you MIGHT be able to claim her. We will have to know, how old is she, how much money did she make, was she a full time student, what percentage of her support did you pay, what percentage of her support did she pay for herself, in order to determine if she can qualified as your dependent.

Best wishes.


The Prince
Rating
You do, because the majority of the year she was with you.


bosco_industries
Legally you, however, she will probably claim herself.


loryntoo
Rating
If you provided more than half her support AND she didn't earn more than $3300 last year, you can claim her. If she did earn more than $3300 last year, she should claim herself to reduce her tax burden and file joint with her husband.

Consider it a late Christmas gift.


dbf404
you do


LO!
Rating
anything over 6months even one day qualifies you to claim her. my guess is that this will piss her off plenty. i'd say keep the peace and let her claim herself. you don't want to lose your daughter for whatever length of time for money. time lost is priceless.


 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. 0.044
Copyright (c) 2011 Financial Crisis Tuesday, May 29, 2012 - Terms of use - Privacy Policy