I owe the IRS 7K for taxes this year. The money I owe is for taking an early withdrawal from our 401K to fix the bathroom. I'm not sure it counts as a hardship, but the bathroom was mold ...
I am getting lot of calls from UK Lottry ,they are asking for delivery charges for the courier of my cheque. If UK is providing such a large prizes why they are not facilating us the delivery ...
I earned about $2100 last year babysitting for friends. I did not receive a W-2 from them. My tax software (TaxCut from HR Block) doesn't give me an option to add this wage without having a W-2. ...
We bought our mobile home 2 years ago and it sits in a mobile home park here in TN. We were required to pay 185 a month lot rent, plus whatever our water bill is. Now today I got a letter stating as ...
I've never filed my income taxes before. I'm 18 now and started working since jun 06. I worked at mcdonalds and hawaiian bbq up until this summer. So where's the best place to go? D...
I've had a tax bill saying i owe £460 really peed off beacuse I'm paye! Apparently my ex-employer had me on the wrong tax code so this debt is through no fault of my own....
Someone told me that due to a very significant tax collection for the 06 year the US treasury department and the IRS have been instructed to refund 70% of the tax surplus to taxpayers before the ...
I didnt file for my income tax return for 2006 i worked about half the year and i have my w2 forms can i file it for this year or what can i do????????...
do people realize that these checks are not taxed but we will have to pay them back in 2009? Additional Details i dont have a link. it is what i understood. if im wrong then please let ...
So in '07 I registered for school, but dropped all my classes and never attended because I had to deal with some personal issues. My parents thought I was in school full time and now it's tax season and they're looking to claim me. My question is can they? Last year, I moved out of their house in August, I'm 21 and I wasn't in school. But in '06 I was in school part-time one semester, they claimed me and everything worked out fine. My dad told me that even if you register and drop all your classes you can still be claimed because there are "loopholes." Can someone with tax experience please help me understand, I really don't want to get my parents in trouble with the IRS :(
they can claim you if you were in their house-and they suppported you-for 6months or more out of the year. Tell them about school before they file their taxes, just so that they dont put it in writing that you were a full time student living with them.
bostonianinmo
Your parents cannot claim you since you were not a full-time student for at least part of 5 months during the year. Ditto for 2006.
If you don't come clean with your folks, they COULD have IRS issues to deal with. There is no "loophole" as your father claims. Period.
yournotalone
They can claim you aslong as you dont claim yourself. you two have to agree on what your going to do.
We did that with our 21 yr old son last year and he was completely moved for entire year.. This year we arent going to.. He will claim himself and we wont claim him on our taxes..
pr_ritz81
your parents can claim you as a dependent up to the age of 24 as long as you are a full time student. your dad says he can fin "loopholes", but with the irs comes and audits you all, and asks for proff of you being in school as a full time student??
tenshineko
Here's the page defining a qualifying child dependent - it's from the irs.gov site.
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