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 I am self employed,which one can I write off on my taxes, buying a car or leasing a car?
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 Can my parents claim me as dependent?
im 25 was a student in college during 2007 lived with them can they claim me or should i claim myself on my returns? i made less than 3000 on 2007...


 How do you plan to spend your tax stimulus check?
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 What is mean by income tax?
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 If I Inherited a house (paid $0 for it), and sold it 20yrs later for $15M, what will I pay in taxes?Fed/NY/NYC
The house has been in my family for two generations (I don't know if that makes a difference).

Any guidance would be greatly appreciated, and if I missed any "key info" ...


 What was the fullform of r.i.b.bank.and where is in delhi india?
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 WHY does my mother have to pay tax on my late father's pension?
when he was alive he worked 42 years with British Gas and paid all his taxes, my mother is in fact getting taxed on money my father had already been taxed on. and why does my ex wife pay no tax on ...


 I cashed out on a small 401K from a diffrent employer and all I got was a check 1700.. Out of 5400 in.. Why?
I worked in a small company a few years ago and I had a 401K plan that I forgot about. I decided to cash out since I am well with my company that I am at now. I had 5400 in my 401K and I received a ...


 HELP PLEASE! WHY did my husband and I only get 600 dollars for our tax rebate/stimulus??
We were both self employed in 2007 and paid several thousand in taxes. We got our rebate check yesterday FINALLY and it was only for 600 dollars for the both of us. EVERYONE else we know got 1200 per ...


 W2 Form handed to me?
So, my employer just handed me my W2 form. Ive never done taxes before. What do I do with it?

Simply put, how do I file my taxes? and how does the W2 help?...


 How Quickly Are Stimulus Checks Coming?
Well, I thought we were going to get direct deposit way early since we got our refund direct deposited, BUT since we used a online tax service, we were not eligible (No one ever told us that so we ...


 Could the IRS tax me?
if i bought a ball at walmart for 1$, and then became a famous baseball player, and sold the ball to some fan for 1million? Would they tax the 1 million?...


 Can someone tell me if its true that if you make more money less get back in taxes?
Someone told my husband bout that he wasnt sure if its true or not. Because he don,t know he can find out his friend does his taxes....


 I didn't work in 2006, do I have to file income taxes?
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 In what month of the year do you recieve your tax return money?
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 Whats the difference between a...........................
one armed man and a three legged horse?...


 When you get married,do you pay the same taxes?Or less?
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 Do Native Indians pay taxes?
Do Native Indians who live in reservation pay taxes? what about those who don't live?...


 Can I write these things off on my taxes?
I'm an independent contractor at a local gym (as a cycling instructor). I teach both freestyle classes as well as those from the company Les Mills. I purchase my own music in addition to the ...


 Why do Americans have to pay a federal income tax on wages?
There is no law that states that Americans are required to by law to pay taxes for their wages, but why do we pay them? To my understanding the income generated from paying taxes on our wages go to a ...



scion_xb_girly
Who can legally claim my sisters kids?
ok, this is the situation, my sister has lived at my parents for the past 2 years WITH her 2 children, she doesnt work, she is still married but her and her husband dont live togehter. he basically comes over once a week to visit the kids. he will leave her money for diapers and thats about it. other than that. she lives with my mom, she doesnt pay rent. my parents mentioned tonite that they were going to claim her AND her two children because they are living here too. my sister got mad saying she doesnt care if they claim her, but she wants to claim at LEAST one of her kids. I know from reading into it, that if she has been living here 60% of the time. which she DEFINENTLY has, that they will be able to claim her. i know for sure that the dad cant because the kids dont live with him and he barely pays for anything. my parents have paid for everything. my sister just argued that shes the one who takes care of the kids and such. but no matter what, she still lives here. who can claim?
                     
 




ninasgramma
Rating
Short answer: Your sister calls all the shots here.

The sister is married. She has the choice to file with her spouse as married filing jointly. I am assuming that her husband has at least some income and is going to file his taxes. If your sister files a joint return with her husband, your parents may not claim the sister.

The sister is the custodial parent, and as such has the right to claim her children on her tax return (which if she files will be a joint return with her husband). Since she has lived with the children for six months, all tax benefits will go to her and her spouse if they file together.

Your sister is not required to file a return at all. If she does not file, then she can waive the tax exemptions to her husband and he can claim one or both children. From your description of the living arrangement, his only option is to file Married Filing Separately, so he loses most tax benefits.

Lastly, if your sister does not file a tax return with her spouse, and does not waive the dependency exemptions to the spouse, then she can be claimed as a dependent by her parents, and the children can be claimed by the grandparents as well.

If she wants to claim one of the children, then she needs to file jointly with the spouse. In that case, the grandparents can claim the other child.

Please advise your sister to make up her mind soon, because if the grandparents take her and the children on their return, and then she tries to file, it will create a mess...although she will prevail eventually if she contests how the grandparents filed.


limendoz
Your parents can legally claim both children and your sister if they really are supporting her and if they provided a home for her for over 50% of the time.

Your sister is dumb. If she is a dependant, she can't claim a dependent.

I reccomend that your sister claim herself and allow your parents to claim the children. Make sure the husband knows what is going on, so he doesn't try to claim anyone.
You sister can find her own place to live, if she is wants to act like a crybaby.


all_attitude_baby
Rating
If your sister files a joint return with her husband she and the kids CANNOT be claimed by your parents. If she doesn't work, than that is the only way she can claim any of the kids. Look at page 28 of pub. 17. Hopefully she and her husband are civil enough to do a joint return.


Judy1
Rating
If your sister files a joint return with her husband, your parents can't claim her. If she's over 18 and not a full-time student or over 23 even if she is a student,, they can't claim her unless she's totally and permanently disabled.

If your sister doesn't work, she wouldn't even have a return to file unless she has significant other income from investments or interest. If she doesn't file, then what does she mean about wanting to claim one of the kids? That doesn't make any sense. Unless she's filing a joint return with her husband, and then if they claim the kids, unfair though it might be, and ridiculous as it sounds, your parents couldn't claim them - if they do and your sister claims them also, the IRS would contact both parties to see who is entitled to the deduction - as the parent, she'd most likely win.

But your parents are entitled to claim them as long as nobody else is.

As to the EIC that someone else mentioned - it's the EARNED INCOME credit, so if your sister doesn't have earned income (i.e. doesn't work) she can't get that.


Fizzle
Read the test for dependants in the tax instructions. It sounds like your parents can claim sister and both kids. If she hasn't worked, why would she need to claim anyone?


jonborja
The parents are going to be in a world or hurt when the IRS denies the claim.
The mother is the legal parent/guardian......so she can claim the kids.....even thought she did not work she can claim the EIC credit for a return......if the mother is under 18 and lives at home....her parents can claim her as a dependent....but the mother would not be able to claim any credits for she is a dependent....but if the mother gave temp. custody retroactively to the parents for the grand kids then they could claim them as dependents also.
It gets pretty screwy with the laws and rules....hopefully the parents are having someone do their taxes.


averyanne77
Her parents can claim the kids. I have a friend whose parents claim her kids every year even though they don't live with them. As long as the children have lived with them more than half of the year or they have provided half of their care they can claim them. I am unsure about the daughter though because of age. Why exactly does the daughter want to claim them if she hasn't worked, they are bound to get a better refund if the grandparents claim the children as dependents on their taxes.


domers13
Rating
If she is truly still married and files a joint return with hubby, she can't be claimed by your parents. However, if no joint return, she can be claimed as a dependent. Based on the residency you stated, your parents will be able to claim the children (grandchildren) as dependents as long as they can proof that they are paying more for their support than anyone else. If the mother (your sister) or father (her husband)try to claim them also there could be a nasty fight and many unpleasantries from the IRS. Best to get agreement (preferably in writing) before any tax returns are filed.


beetlejuice49423
Check with your tax advisor but as far as I know, no one can except the parents of the child (and if they are actually supporting them...)


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