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 So the Tax payer is bailing out the banks, what do we get back ?
Will we gain anything by bailing out the banks, as I am sure the Bankers will still make sure they get their fat christmas bonuses even though they have messed everything up.
They ought to make ...


 If you have an imaginary friend who lives in your house, can you claim a tax deduction?
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 Who gets to claim the grandbabies if they live with us the grandparents. We are having a hard time this.?
One grandbaby is 13 1/2 months old and has olny lived outside of our home for maybe 2 whole months. The other baby is 9 months old has has lived here for 6 months. The parents totally believe that ...


 I was charged £60 for not displaying my tax disk, even tho I had paid on line - can I get out of this charge?
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 Is unemployment compensation taxable by the IRS?
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 Does anyone know how much taxes are taken off of $12 an hr?
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 I recently became self-employed. How do I estimate my taxes for quarterly payments?
I work as an independent consultant providing advisory services. My pay is gross with no deductions for advisory services to my clients in my consulting business.

Specific questions are:<...


 If my husband and I stop working for 8 months, would we still be entitled to CHILD TAX CREDIT?
we wouldnt be claiming any other benefits, we have 3 children all under 8yrs
Additional Details
PS Im in the ...


 Can my old job charge me for my W2 ?
my old job I worked for last year of 2008 is will not send me get my W2, unless I pay online or on the phone $10. My old job told me to call a number and the Number told me to go to there website, ...


 How much does it typically cost to get your taxes done at H&R Block?
I received a coupon in the mail for $25 off tax preparation at H&R Block. I'm wondering if they can offer such a significant discount how much it typically costs. I usually have my parents ...


 Apparently my 2008 tax rebate is being taken from me in my 2009 tax return?
ok so i filed my taxes with my accountant. she told me i was getting back $3614, however i only got back $2796. ($818 less than what she said) when i spoke to her she said that because i got $600 ...


 Can I claim my boyfriend as a dependent?
The past 12 months (all of 2008) my boyfriend was unemployed, will have nothing to file, lived with me the entire time, and I was employed and supported us both. I worked as an independent contractor ...


 My ex boyfriend forged my name and cashed my IRS stimulus check, what do I do now?
I was in Japan visiting family when my refund came and my ex boyfrind claims to have cashed it to help pay bills. I never saw the check. How do I prove any of this?...


 My wife passed on Jan 2nd 2006, what do I file under on my tax return for 2006?
I am trying to find out my filing status for 2006 when my wife was only with me for Two days out of the year....


 How is it that no one seems to understand the concept of a tax percentage?
Why is it that everyone assumes that those that make more money don't pay their share of taxes? True, there might be loopholes that allow them to sidestep taxes (and I am all for plugging each ...


 Has anybody found a site for free tax prep for federal and Wi?
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 How long do you have to keep tax records from previous years?
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 Tax refund question?
Since the government has this plan to send rebate checks of $600 to people who file their taxes and normally as a full time student I get a tax refund because I worked, will I be getting two rebate ...


 When did schools become our 'taxmasters'?
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 Are disability ssi payments taxable?
disabled man 61 yrs old, also rec'd income from pension- that amount was about 6000.00 more than the ssi payments total. only tax deducted was from pension (very small amount)...



mel .
Should I declare dependants on my Tax Return?
Say "jim" was together with "sally" for 5 years and they were common law, and sally had a child. Jim took care of the child but was not the biological father and unfortunately they split up. On Jim's taxes, should he declare the child as a dependant? He is not supporting them anymore.
                     
 




CanadianBlondie
Even if Jim was the biological father, only one person can claim that child.

If CRA looks into this, which they likely will, they will want verification from Sally that Jim had custody of the child and she isn't claiming her child for that year. The chances of Sally giving that to Jim are slim to none.

Unfortunately, if Jim and Sally can't agree over who claims the child, and CRA finds validity in both claims, neither Jim nor Sally will be eligible for the deduction.

Per CRA:
"If you and another person both can claim this amount for the same dependant (such as shared custody of a child) but cannot agree who will claim it, neither of you is allowed to claim the amount."

http://www.cra-arc.gc.ca/tax/individuals/topics/income-tax/return/completing/deductions/lines300-350/305/qa7-e.html


Mike J
Ask an accountant


LaLa
The only one who would be able to claim the eligible dependant amount is Sally. You can claim the amount only if, at some time in the year, you supported a dependant who lived with you and you did not have a spouse. The dependant also has to be (in this case) your child by birth or adoption.

Since this is Sally's child, I am assuming that the child did not live alone with Jim. When they broke up, the child continued to live with Sally, right? Jim would not be eligible to claim the child.

Click on this link for the rules on if you can claim the eligible dependant amount:

http://www.cra-arc.gc.ca/tax/individuals/topics/income-tax/return/completing/deductions/lines300-350/305/eligible-e.html


Michelle
Unless "Jim" is the adoptive parent, then he has no entitlement to the child as a dependent.


brittv83
Rating
If they aren't your biology children then I don't think your allowed to claim them on your taxes. You may want to check laws concerning taxes. Or even calling like h and r Block to ask them if that is legal?


All Natural Honey
Rating
only 1 person can claim him. If you ask the caretakers now, and they say it's ok, and they don't claim him, then you can.


Gone fishin&#39;
Rating
Jim cannot claim a dependent that he doesn't support. But Sally should claim the child as a married equivalent if she has no spouse.


getemgirl2105
Rating
only if you know that nobody else is claiming the kid i would thats more money back


kelannde
Rating
Unless Jim had custody of the child for the year, it would be a good way for Jim to go to jail, or owe the IRS big bucks


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