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kramer111s | What if I claim myself on my taxes and my parents try to as well, who will get the credit???? |
I am 25, was 24 in 2007, and I claimed myself on my taxes. I lived completely on my own for all of 2007, paid my own car note, rent, insurance, health insurance, food, you name it. My dad said he is going to claim me because he gets more money back, but he wont split it with me. I am a full time nursing student, as I was in 2007 and I really need to claim myself to qualify for scholarships and grants etc. Who will get the credit on their taxes if we both claim me??? Or is it just who files first??? |
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notaperviemusculargent
 |
You most probably are not disabled. Even though you are a student, you are not UNDER the age of 24 and was not in 2007 as of December 31, 2007. Unless your father provided over 50% of your support, there's no chance he can claim you. If the IRS audits him, he will have to pay tax, interest, penalty and a possible fraud penalty.
The IRS has a formula because, if there is a dispute and both parties made 3400.00 or over, the other party could claim the exemption if the IRS ruled in their favor. You may be eligible for the earned income credit also if you worked. If you are supporting some one, it means you provide over 50% of their living expenses. Keeping Up a Home:
Your Dad can determine whether he paid
more than half of the cost of keeping up a home by using the following worksheet. IRS: Cost of Keeping Up a Home
Amount You Paid
Total Cost
Property taxes $ $
Mortgage interest expense
Rent
Utility charges
Upkeep and repairs
Property insurance
Food consumed
on the premises
Other household expenses
Totals $ $
Minus total amount you paid ( )
Amount others paid $
If the total amount you paid is more than the amount others paid, you meet the requirement of paying more than half the cost of keeping up the home.
Include in the cost of upkeep expenses such as rent, mortgage interest, real estate taxes, insurance on the home, repairs, utilities, and food eaten in the home.
If you used payments you received under Temporary Assistance for Needy Families (TANF) or other public assistance programs to pay part of the cost of
keeping up your home, you cannot count them as money you paid. However, you must include them in the total cost of keeping up your home to figure if you
paid over half the cost.
Costs you do not include. Do not include in the cost of upkeep expenses such as clothing, education, medical treatment, vacations, life insurance, or transportation. Also, do not include the rental value of a home you own or the value of your services or those of a member of your household. |
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Richard M
 |
If you were completely on your own in 2007, then your father cannot claim you. If you both try to e-file, whoever files second will have their return rejected since the IRS will not allow the same Social Security number to be claimed twice.
If that happens to you, file by mail claiming yourself. Then the IRS will contact both you and your father and ask that you amend your return to remove the claim for your exemption if you are not entitled to it. If both of you continue to assert the claim, then the IRS will decide who get the exemption. The losing party then pays the extra taxes plus interest and potential penalties. |
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bud68
|
You will both get letters from the IRS asking you to justify the exemption. |
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Jeff
|
If you claim yourself and someone else claims you as a dependent, then you will both get audited. The IRS will ask for an explanation, because they know someone messed up their taxes, and they're going to have to figure out who it was.
If your dad paid more than half of your living expenses during 2007, then he can claim you as a dependent. If he didn't, he's in the wrong.
"Who files first" does not matter at all. |
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chatsplas
|
Who files first gets benefit first, but then the other can appeal.
Who is supporting you? You were a fulltime student, so your parents can claim you IF they provied more than half your support for more than half the year, even if you didn't live at home. If they didn't and you paid all those items listed with money you earned, then your parents will lose. IRS sorts this type of thing out all the time. If your return is rejected, you file it by mail, along with a letter stating the stituation. |
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Beverly S
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Your dad has no right to claim you since you did not live with him & he did not support you. Whoever files first is generally the way it works. But if he filed already you can contact IRS & he will have to pay back anything he got from you. |
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sheloves_dablues
 |
If you lived on your own and paid your own way, he is not entitled to claim you as a dependant. The exemption he is trying to claim is for supporting an adult. He didn't, and to claim he did is illegal. YOU are entitled to the benefit. By filing with a different address, YOU will get the benefit. If he claims you and gets it he has committed tax fraud. |
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amanaka1128
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It will go to whoever files first. If you are not the first to file, there are forms from the IRS you can fill out to prove you are the true one to claim yourself. They will investigate and you will then be able to claim yourself but I don't know what will happen to your dad if they have to investigate??? |
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