 Should my brother file for a tax return if he only made $6700.00 last year? |
| He is single and not a dependent. (he was taking classes at the university)... |
|
 IRS need attorney for taxes repay? |
| received a notice to repay but do not understand when HR block did my taxes, and I did not recieve my returns until Oct 2008... |
|
 Stimulus payment? |
| has anyone received there stimulus payment with there last 2 ssn 23 ? my sister got hers a week early and i still have not received my "free money"!... |
|
 When I retire, will I get taxed on my private pension when I claim my state pension? |
When I retire will I have to pay tax on my private pension when claiming my state pension.
I have no other income or ... |
|
 This is a question about taxes? |
| I live with my boyfriend and we have a daughter together and then I have a son that isnt his... I didnt work at all last year but when we went to make our taxes they wouldnt let him put my son as a ... |
|
 Is anyone else shocked by how many people EXPECT refunds before they even file??? |
If people fill out their W-4s correctly and then they should see very little back or owe very little. You can ven claim EIC on your W-4s, right?
I personally rather have that "refund&... |
|
 Income tax with last check stub? |
| someone told me i can take my last paycheck stub of the year and get my income tax. i just bought a new car and having mayjor car problems so i really need the money. is there a way u can do that and ... |
|
 My siblings and I shared an inheritance what tax form should we use? |
| My siblings and I shared a pension when my father died but the company put the 1099 only to my sister is there a form to fill out so she isn't the only paying tax on the money?... |
|
 Do I need to report a loan taken from a company on my income tax report? |
| I work for a company as a consultant, so I report my income on a 1096. I recently took out a loan from that company which I already signed a note saying I will pay it back in a certain number of ... |
|
 How can I find out if my property taxes are beening paid? |
| I live in Beaumont, Texas, Jefferson County AND i WOULD LIKE TO FIND OUT THE VALUE OF MY HOME AND SEE IF THE PROPERTY TAXES WERE PAID.... |
|
 How much of my paycheck should I set aside for my taxes? |
| I have a part-time job that does not deduct federal tax from my paycheck. I am single with no dependents and I will probably make around $4000 this year from it. What percentage of my paycheck ... |
|
 Is there any change in saral form the assement year 2006-2007.? |
| Please let me know is there any change in Saral form for 2006 - 2007.compared to 2005-2006. The last date of the filing is july 31st is that ... |
|
 What is my filing status? |
| My spouse and I separated for the final time on July 31, 2007. I obtained a protective order for my children and myself which granted me custody. What is my filing status for the 2007 return. T... |
|
 Been Emergency taxed for 4 months? |
I've been in my job now for 4 months and i'm still been emergency taxed and i'm only 16. Does it sort out automatically or do i ahve to do something?
Additional Details
... |
|
 My dad Claimed me on his tax return but he wasnt supposed to how do i go about filing my taxes? |
| IM 21 i didnt go to school last year He wasnt supposed to claim me but he did i want to file my taxes but i dont know if im gona be held acountable if i put down that i was claimed on my taxes ... |
|
 Food stamps, I know Im going to get bashed? |
| i got myself into big trouble. My kids and I recieve food stamps. I took on a babysitting job making some extra cash last year, but I never told the state. I am still way below the maximum amount to ... |
|
 Would u hire part time employee in a tiny mom & pop neighborhood convenience store by paying undertable? |
| Husband & wife owns a tiny neighborhood convenience store(sells groceries, beer & wine, lottery) & works 7 days a week (about 80 hrs/week). They've been working in this arrangement ... |
|
|  |
brwnshuga_85 | What is the worst that can happen if you claim someone elses dependents on your taxes? |
|
 |
 
TaxMan
|
It depends on the situation. The other answers about how you will owe the money back plus interest is correct. It could take years for the bill to arrive which makes this a bad idea. You may think you got away with it when suddenly you get this large bill in the mail. Of course, you have to get caught. If no one else claims the same people, you may never get caught. I said, "may". If someone else does claim them, then everyone who claims the same person will have to send information to the IRS so they can decide who has the highest claim.
That is probably the worst that will happen. However, if you claim somebody you clearly have no right to claim at all (somebody that you never met nor supported nor is related to you), the IRS could consider it fraud and take you to court. |
|
taxman94066
 |
You know the answer to the question. The worst thing that can happen is that you can be prosecuted for committing tax fraud. Does that happen often?...no. Can it happen?...yes |
|
Pappy
|
If your caught you will have to pay the money back plus interest and face possible jail time. |
|
digdowndeepnseattle
 |
worst case scenario...knowingly claim someone who you aren't entitled to claim. You'll owe interest and penalties on the exemption amount plus you could serve jail time. Not worth it for a piddly amount.... |
|
spiritwalker
|
let's see you get to pay it back, plus all the fines, and then sit behind bars for a while |
|
cocochyna
|
you will have to pay the money back if not the IRS will take the nexts year federal tax |
|
Judy1
|
It depends. If you are also eligible to claim them, or had reasonable reason to think you were, but another person has priority, then the worst thing that happens is that you have to pay back whatever money you got by claiming them, plus interest.
If you deliberately claimed somebody you had no right to claim, then you could possibly be prosecuted. |
|
Michele
|
Normally, if you are a first time offender, you will just have your return rejected and have to fix it. But, if you keep doing it you could go to jail.
Remember, theres only a problem if more than one person claims that dependent. If its not your dependent, but youre the only one to claim them, its all good, the IRS doesnt care |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
8 | 19 minutes(s) ago
| | | |
8 | 26 minutes(s) ago
| | | |
8 | 2 hour(s) ago
| | | |
8 | 6 hour(s) ago
| | | |
8 | 7 hour(s) ago
| | | |
8 | 10 hour(s) ago
| | | |
8 | 2 day(s) ago
| | | |
8 | 4 day(s) ago
| | | |
8 | 2 week(s) ago
| | | |
8 | 1 month(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
