Falsely Claimed Dependent?
I made $12,000 in olden times year and am a full-time student. I don't live with my father and he possibly provided me with $1,000 worth of support surrounded by the past year, all the same he claims me as dependent. I know enough roughly speaking tax law to know that he really shouldn't be allowed to claim me because I don't pass the "test," but I'm not going to fight he over it.What would ensue if I filled out my tariff return and said I couldn't be claimed as dependent (this is true, I can't, but he still will do it)? Would I get within trouble? I'm only getting $35 final as is, and I would be getting $400 back!
Answers: I reflect you have two question here: a tax request for information and a moral question.
The excise question is possible very simple: if you are over 18 and you provided at smallest 51% of all the money used for your support final year (including money for tuition and other education expenses) next he is the one who is going to get "contained by trouble" for claiming you. If he provides half you support, consult a excise lawyer.
The moral cross-question is a little more complicated: you took money from him...yes? You are coming out ahead -- $1000 - $400 = $600 to the perfect. Have you discussed the tax issue next to him directly? What is his response?
The bottom line is that, as an fully developed, you need to swot something real brisk: he who as the gold, rules. If you decision to be free and independant, you CANNOT take money from family -- for any reason. By accepting money from someone, even your parents, you are obligate yourself morally to follow their rules at least within part.
i dont know i reflect you should talk to your dad and make clear to him not to file beside you as a dependent ...
hey irs is pretty tuff
To claim you as a dependant he has to be providing 50% of your care/housing/money etc. He may know how to claim you if he is providing tuition, insurance, or housing. Even if he only give you $1000 cash he may still be providing for you within other ways.
Bring it up to him. I made a deal near my parent's that they could claim me (when it was sort of iffy as to if they be providing 50% in school) that they would contribute me my share of the rebate they would get. I am a math geek and did thier taxes, and consequently my own. I determiend they could get much more subsidise with the lessons credits than me, and convinced them to give me the $100 that I would own got if I claimed myself.
If he isn't reasonably allowed to claim you, and from what you say he isn't, later if nobody else can claim you, go ahead and claim yourself on your return. You'll hold to mail it contained by if he has already file and claimed you, you won't be able to efile.he and you will respectively receive a letter from the IRS describing you that two people claimed like peas in a pod person, and motto that whoever didn't have the right to the claim requirements to file an amended return dropping the claim - after if nobody does, they'll investigate and decide who get the exemption. The other person will hold to pay stern whatever he get by making the claim he wasn't entitles to, with interest and possible penalty.
Tax Refund Delay Question?
The irs site says my return was deposited on 1/25/08 and to lurk until the 30th for it to clear. I just checked next to my bank and they still see nought. Is there anyway I can speak to a live soul at the IRS instead of that Automated line?Answers: 1-8OO-829-0582, when asked for an extension, enter 462
If you go through Columbus Bank & Trust (Green Dot cards go through this dune and I'm still trying to find out if the H&R Block bank/Emerald card goes through them too) the direct deposit may hold been rejected by the guard.
The bank is blaming the IRS dictum they left bad one digit of the reference number and the IRS assures me they did not (the insinuation number was correct on my return) so I'm waiting for the IRS to recieve the rejected deposit. The IRS told me closing night I would receive a thesis check after the deposit came stern to them. Don't know how long that will take.
Closed on my foreign house on Dec 28th 07. Can I claim it on my taxes? Will I get hold of any $ put a bet on?
I live in ILL.Answers: claim what? perchance any points you paid, but that's probably it - you hold to actually start making mortgage payments within order to discount much of anything - and probably not enough to exceed the standard presumption anyway - next year you'll enjoy a full years worth of deductions
Points remunerated at closing, interest and property taxes are deductible but, chances are, you didn't recompense much of either of them surrounded by 2007 so the house will probably have no effect on your 2007 taxes.
If you did wages points, you may want to choose to amortize them over the life of the loan. A small supposition is better than nothing. Your due preparer should know how to do this.