Old Tax Liens?

Every year, you are allowed to pull your credit report from all three credit agencies.

I did this, and found a federal tax lien from 1991, for over 5000$.

I feel this has surely pulled my credit score down.

This tax lien was due to a business my husband had at the time and filing a joint tax return. I know for a fact that the IRS has been paid all money due to them, because we have gotten refunds in later years.

What should I do, and is there any action I could take for messing up my credit for all those years?

Old Tax Liens?

The IRS will issue a certificate showing that the obligation has been paid in full which you can file in the county that the lien was recorded in. There is no action that you can take against the Government for recording a federal tax lien for taxes legitimately owed.

Old Tax Liens?

If the tax was fully paid you have to formally request IRS to remove the lien.

If they already have removed it, then you have to request the credit report be corrected/updated.

Then general reporting rule for bad info on your report is 7 years and for good info is 10

How can I/my father claim the Hope or Lifetime Learning credit if he already did his taxes and he ca

A tuition statement for me (form 1098-T) was sent to my grandma%26#039;s house where my father and I stay, but I am staying on campus right now so I did not get it. My father got it and he was going to take it with him when he went to have his taxes done at the library, but he misplaced it and so he could not take it with him. But he found it again after he already had his taxes done. So I just want to know if/how he or I could claim the Hope/Lifetime Learning credit based on form 1098-T now(if eligible) since he has already had his taxes done. Note that my father and I are both unemployed and I recieve no income, but he recieves about $700/month from retirement.

How can I/my father claim the Hope or Lifetime Learning credit if he already did his taxes and he can claim m?

This credit is used to lower your taxable income, resulting in less taxes owed. Its not a reimbursment. Your father can file an amended return (1040X) and claim this credit (if he can indeed claim you as a dependent). It could mean a larger refund, or owing less in taxes.

Good luck.

How can I/my father claim the Hope or Lifetime Learning credit if he already did his taxes and he can claim m?

If he has allready done his taxes,he can file a 1040x adendum. But did your father have a tax liability? IF he did then file the 1040x, if he did not have a tax liability, then dont bother filing.

How can I/my father claim the Hope or Lifetime Learning credit if he already did his taxes and he can claim m?

Yes you can amend your 2007 and 2006 returns. Either call the IRS for more details or go to http://www.irs.gov and get the forms 1040X for 07 and 06 and refile them. Yes, the IRS will give you another check if they owe it to you (or your father) for both of the years if you were eligible for the credits.

How can I/my father claim the Hope or Lifetime Learning credit if he already did his taxes and he can claim m?

If you are his dependent, he can claim the credit but you can%26#039;t. He could file an amended return and claim it.

But an education credit only has any benefit if the person claiming it owes taxes, so if he doesn%26#039;t have any tax liability for the year, he woudn%26#039;t get anything from the credit. He doesn%26#039;t have enough income to owe any tax so wouldn%26#039;t get anything from the credit. An education credit can reduce a person%26#039;s tax - but since his tax is already zero there%26#039;s nothing to reduce.

If last year he couldn%26#039;t claim you, so you could claim yourself, and you paid tax (didn%26#039;t get it all back) then YOU could file an amended return and claim the credit for that year. But it doesn%26#039;t mean you get $2000. The most you could get is the amount of tax you paid and didn%26#039;t get refunded, if any - if you weren%26#039;t employed last year either, then no there%26#039;s nothing to claim

Overdue property tax from 2005, what's up with this?

Just received notification of property taxes from the year I purchased my home, 2005. Turns out that during closing I was issued a credit to pay for taxes due for original owners. First home, first closing, first property taxes. Did not receive a bill for taxes in 2006. Received in 2007 a bill for 2006 taxes, no mention of overdue taxes. Received last weekend a notice that if I didn%26#039;t pay for delinquent taxes by Oct 3, 2007, my house would be up for tax sale. Oddly enough, previous owner%26#039;s name on tax bill, had been whited out, then my name typed over previous owner.

When I went to pay the bill I asked why I had to pay delinquent charges, though I%26#039;d never received a billing. Was told that it wasn%26#039;t the responsibility of the treasurer%26#039;s office to find the taxpayer (since they sent me this years taxes I don%26#039;t think this was an issue!!), it was the homeowner%26#039;s responsibility to ask if they didn%26#039;t receive their bill. Does this sound like CYA to you?

Overdue property tax from 2005, what%26#039;s up with this?

Pay your bill and then go after the escrow company..seems they failed to file the paper work properly to show the proper change of ownership.

Overdue property tax from 2005, what%26#039;s up with this?

CYA no. It sounds like your closing agent didn%26#039;t do their job but now it%26#039;s up to you. Pay the taxes. You received the money for this.

And next time if you do not receive a bill, take a drive to the assessor%26#039;s office.

Should I pay my first installment for my taxes off with my credit card?

My installment is due on Dec 10th and i just don%26#039;t have all the money for the payment and the county will not accept a partial payment. Not to metion that anything after the the 1oth will be 10% increase. The payment is roughly 1125 and my limit is 1300 will this also bring my credit score down if I try and have it paid in six months.

Should I pay my first installment for my taxes off with my credit card?

I paid my property taxes with a check (from the credit card company) at a 5.9% rate. I didn%26#039;t have $1900 for mine and the $35 fee is less than the 10% I would have been charged.

If you have some of the money, you can use your credit card and pay that which you do have right away to the credit card company. IE- pay $1100 on credit card and mail $500 to the credit card company. This will help you get the balance down and not incur as much finance charge.

Don%26#039;t forget you have another property tax bill due again on April 10, so if you don%26#039;t have the first part paid off by then, you will be really behind.

You might consider having an impound done so you are sure you have the money already set aside in the future.

Should I pay my first installment for my taxes off with my credit card?

With years and years in the credit business:

If you charge this, it will affect your credit scores because it will show one card with a high balance to limit ratio. (86%)

However, usually the type of person who asks this kind of question (in my experience) is the type of person who has a 750 or higher credit score. That said, your score will barely feel a bump.

Also, an importantly, credit scores are based on the moment they are pulled. If, in 6 months, it is paid off your credit will be right back to where it is today.

You%26#039;ll need to weigh the cost of credit against the fee and what you have to pay. But I imagine you%26#039;ve already done that.

Best of luck!

I own house need money to pay taxes will bank loan money with little credit?

divorced male little or no credit need money to pay off taxes. only have property to use as good faith.

I own house need money to pay taxes will bank loan money with little credit?

If you are talking about income taxes you can arrange to make payment to the IRS. They do not do credit checks and the interest is likely less than a bank if you have poor credit. You can learn about this at IRS.gov

I own house need money to pay taxes will bank loan money with little credit?

YES.. the bank will loan you money against the equity you have in your house. It would help if you have a job though ...so the bank knows it will get its money back.

For those who cannot resolve their tax debt immediately an installment agreement can be a reasonable payment option. Installment agreements allow for the full payment of the tax debt in smaller, more manageable amounts.

To be eligible for an installment agreement, you must have filed all required tax returns and paid your estimated tax payments if required.

good luck ...see link below..

I own house need money to pay taxes will bank loan money with little credit?

Yes the bank should loan you the money.

If you bought something with a credit card, could you claim it on your taxes?

I purchased a laptop from Dell last year with my Dell Preferred credit card. I would like to write the laptop off on my taxes, because I am a part-time graduate student that take classes online. Could I claim it on my taxes if I purchased it with a credit card?

If you bought something with a credit card, could you claim it on your taxes?

Education expenses are normally deducted as a miscellaneous itemized deduction subject to 2% of your adjusted gross income (you can only deduct the amount in excess of 2%). However, the education expense has to be related to your current job, either as a requirement of your job, or to enable you to advance in your current position. Education expenses are normally NOT deductible if it is related to finding a new job, and in your case, education towards a %26quot;first%26quot; job. Therefore, in your situation, you wouldn%26#039;t be able to claim your laptop computer as a deduction.

However, there are the education credits such as the Hope Credit and/or the Lifetime Learning Credit. This is a credit that you can claim for education expenses such as tuition, books, etc. There are limits as to the amount of the credit, which would typically be used up just from claiming tuition, so applying the laptop computer towards your education expenses for these credits most likely wouldn%26#039;t benefit you at all.

To address your question as to whether you could claim the purchase even though it was made with a credit card.....as far as the IRS is concerned, they don%26#039;t care whether you paid for the computer with cash, credit card, or even redeemed soda cans. You would be able to deduct/credit it provided it would be considered a valid education expense.

If you bought something with a credit card, could you claim it on your taxes?

Absolutely. Just have a receipt in case of audit.

If you bought something with a credit card, could you claim it on your taxes?

You bet! If you%26#039;ve got the receipt then you can claim it. The tax department doesn%26#039;t care how you paid for something just when you bought it.

If you bought something with a credit card, could you claim it on your taxes?

Fed does allow you to deduct any education related expenses (up to a maximum). This is tuition, fees, books, pencils, and computers, though they don%26#039;t count any room %26amp; board.

You have the option of filing it out as a deduction (where you deduct it from AGI and calculate your tax afterward) or you can take the lifetime learning credit (where they give a break on the actual final tax amount that you owe). The limit on the deduction is $4,000. The credit is a calculation based on many factors.

The state regulations vary.

If you bought something with a credit card, could you claim it on your taxes?

yes you can jsut keep that reciept for 3 yrs in case they ask for proof.

If you bought something with a credit card, could you claim it on your taxes?

There are multiple parts to the answer.

As far as the credit card, the date you buy an item and charge it to your credit card is the date recognized for tax purposes, not when you pay it off.

The second part is, what educational expenses are eligible for an education credit. Tuition, and certain related expenses that are required for enrollment or attendance at an eligible institution, are the expenses that qualify. Unless the school specified that you MUST have a laptop, AND MUST buy it from the school, then you would not be able to deduct it. The only way it would be deductible is basically if a laptop purchase is part of the tuition or fees for taking the course. Read the section of IRS Publication on 17 on %26quot;Qualified Education Expenses%26quot;, or Publication 970, %26quot;Tax Benefits for Education%26quot;. From Pub 970, %26quot;Tax Benefits for Education%26quot;, .pages 19 and 33, %26quot;student activity fees and expenses for course-related books, supplies and equipment are included in qualified education expenses only if the fees and expenses must be paid to the institution as a condition of enrollment or attendance.

So no, you can%26#039;t take an education credit for the laptop purchase, but that has nothing to do with purchasing it with a credit card.

It is possible to deduct work-related education if you itemize. The requirements for this are very specific (see Pub 17) and you and your new laptop would very likely not qualify to take this. Check out the rules though.

Is capitalism/credit going to be the downfall of the Empire of the United States?

Let me elaborate - Though the capitalism/credit question may imply more than just one question, it is essentially related in the fact that credit is a byproduct of capitalism. As capitalism began, it was simply the pursuit of happiness. What one could dream one could essentially create and capitalize on. As it went further, people began to want what was created now instead of save for it. Because of this, credit was created. As credit is essentially a tax on the future earnings of one%26#039;s labor, this begins to make people slaves to working. With the recent borrowing rates at record lows, this causes a huge leverage opportunity which has been taken advantage of to the max, even by our own government. Will this tax on the future earnings of the U.S. as measured by the GDP put us into the position of an individual who seeks bancruptcy protection? I understand the government can simply raise taxes, but at what cost? The GDP? How about Inflation? Any thoughts on this subject would be great!

Is capitalism/credit going to be the downfall of the Empire of the United States?

The credit bubble and inflation have nothing to do with Capitalism. The Federal Reserve, the cause of those problems, is a Socialistic counterfeiting Government-run Banking Cartel that prints worthless pieces of paper for 3 cents.

You should watch Money, Banking, and the Federal Reserve, so that you actually understand what the root of the problem is.

http://video.google.com/url?docid=-46621...

Presidential candidate Ron Paul is currently running against this scam and for the restoration of Capitalism instead of Corporatism in America, not to mention the reinstatement of the Constitution.

http://ronpaul2008.com

Is capitalism/credit going to be the downfall of the Empire of the United States?

Leveraging can swing either way. I use it to my advantage. If I borrow money, it%26#039;s for a purchase that is going to make me money. A multi unit piece of real estate, for example. Or maybe for a tool that I need for business.

In any case, I would have made less money if I didn%26#039;t borrow any.

Now it%26#039;s a dangerous thing to those who are using it the wrong way. Living outside of their means. The biggest problem is that public school doesn%26#039;t teach anyone about these things. I believe it%26#039;s by design, though. As you said, they become slaves to working. I call these people wage slaves. The problem is that they simply don%26#039;t know any better... and, well, that%26#039;s how the rich like it. Cheap, uninformed work force that%26#039;ll do anything for that paycheck.

Take a look at this piece of writing, pretty accurate.

http://www.raceandhistory.com/historical...

As far as it causing the downfall, nah, I don%26#039;t think it will destroy everything. But I do believe the credit market will burst at some point. It%26#039;s already to the point where the middle class is paying more credit bills than their income. The sub prime lending market already crashed. I bet it will be back, though. It%26#039;s like a wave going up and down on the shore. Sometimes it%26#039;s bigger. But, in any case, it comes and goes.

Is capitalism/credit going to be the downfall of the Empire of the United States?

imo, the USA is in a precarious position because un backed American dollars are stimulating economic growth in foreign countries, China especially.

There are WAY too many U. S. dollars in circulation . If this was just a problem in America the FED could simply contract the money supply. But it isn%26#039;t confined to America. The question is how many dollars can circulate around the world before they start to lose value.......Which in turn would cause countries to trade dollars for something of lasting value.

Watch for Gold to appreciate in price!

**************************************...

Tax return and social security dedcuction?

a. Are the automatic deductions to my Social Security in anyway deductible/adjustable/claim credit etc on my Tax Return Form.

b. I paid some property tax on my car. Is it any way deductible/adjustable/claim credit etc on my Tax Return Form?

Kindly reply. thanks

Tax return and social security dedcuction?

a- No, Social Security taxes are not deductible.

b- If you itemize your deductions, you can deduct the property tax portion on your car. If you dont, you cant.

Tax return and social security dedcuction?

Medical expenses including medicare premiums, and personal property tax on a car, might be deductible but only if you itemize. If you take the standard deduction, no.

Tax return and social security dedcuction?

If you are a sole proprietor (business owner) you can deduct part of the amount paid for social security, but if you are an employee, not (employees pay only half of the tax, employers and self employed individuals have to pick up the other half.) If the tax on your car is a licensing fee, no; if it%26#039;s a %26quot;personal property tax,%26quot; then yes.

Tax preparation, summer internshp. Should I fill non-resident in both states?

I%26#039;m a resident of the state of Illinois, and I had a summer internship (summer 2007) in California. How should I fill the state taxes? Does any of the following options sound reasonable?

1. Fill Illinois state tax as resident (IL-1040, or their free webfile), and fill California%26#039;s 540-NR? The problem with this one is that Illinois wants to overcharge me and extra $300 for the days I%26#039;ve been in California.

2. Fill IL-1040 and IL-1040-CR and CA-540-NR to get a credit for the California tax in my Illinois forms/

3. For both states, fill as non resident or partial resident. (IL-1040-NR, CA-540-NR). The only problem here is that is that in IL-1040-NR there is no way to mention an exit date AND and a re-entrance date.

4. There is a final option of letting a software such as H%26amp;R TaxCut take care of it, but of course I hate to part with $30, which it charges for state tax filing! I%26#039;ll be ok with filling the required forms myself if I just knew which strategy to choose.

Tax preparation, summer internshp. Should I fill non-resident in both states?

Your obvious answer is to go to a tax professional. I live in No. IL. You need to file a Ca. return depending on how much they withheld. Then you will file to IL and claim the credit paid to CA. Help yourself out and go to a professional and get it done correctly. You%26#039;ll be happy you did.

Income tax question...?

I am curious, I currently get an earned income credit on my Federal tax return. I am also engaged. If we get married our combined incomes will excede the amount allowable to receive the earned income credit. Can we file seperately as a married couple so I still get that credit?

Income tax question...?

No, you are not eligible for the EIC as a married filing separate filer.

Income tax question...?

You are not allowed to have EIC if you are married filing separately. Sorry.

Income tax question...?

The earned income tax credit (EIC or EITC) was specifically designed to help out low income folks who are working but just getting by. That%26#039;s why it %26quot;phases-out%26quot; or disappears for folks who are making a decent income. The phase-out point changes each year...adjusted upward for inflation.

Allowing folks to get around the phase-out limits by filing a different way (married filing single) would defeat the purpose of the legislation. Accordingly, you can%26#039;t take the EIC by filing separately.

Sorry.

Tax rebate 2008 question?

Hello%26gt;

I realize the Tax rebate for this year has officially been put in place but I am confused on something. It says it is an advance of credit on your 2008 tax return. I am single, no chikldren and make less than the 75K. So I am eligable for the $600. So say I receive a 900 return in 2008- does this mean I would only actually receive 300? IF so, then this is not really an economic stimulus, just a loan on your 08 tax return, and it is your money to begin with then. Or am I confused%26gt;?

Tax rebate 2008 question?

The rebate will not effect your 2008 federal tax liability or refund. The law says the IRS can%26#039;t recover any extra rebate payment by reducing your 2008 refund or adding to your 2008 tax bill.

The %26quot;rebate%26quot; is an advance credit against your 2008 tax return (which will be filed in 2009). However, it is calculated based on the amounts shown on your 2007 return. When you file your 2008 return, the IRS will recalculate your %26quot;rebate%26quot; based on the 2008 amounts. If this results in a larger %26quot;rebate%26quot;, you will receive a check for the difference. If this results in a smaller rebate, you will not have to repay the difference.

The %26quot;rebate%26quot; will not increase or decrease any tax refund to which you are entitled. It is an additional refund.

Tax rebate 2008 question?

The tax rebate is part of an economic stimulus package like the one you may have received in 2001. It has nothing to do with your actual tax refund. If you qualify (filed your taxes, ect ect) you%26#039;ll receive it separately, probably in May or June.

Tax rebate 2008 question?

The tax rebate is due to the fact that the tax rate for the fist 6,000 you earn in 2008 has been reduced from 10% to 0%.

The government passed the law to cut the tax rate and issue the rebate of the taxes already paid early in the hopes that people would get money and spend which they hope will boost the economy and keep us out of a recession.

Your 2008 tax return would not have included this rebate amount had the tax rate not been cut. When you file your 2008 return next year the return will be caluated with the 0% tax rate. The amount of refund you received early (say the 600.00) will be deducted from your refund and your refund would be the same as if the tax cut was not passed and you didn%26#039;t recieve the rebate. The good news is if for some reason your refund is less than the rebate you received you do not have to pay back the money.

Hope this explains things for you.

Using your example if you refund would have been 900 next year without the tax cut you still get your 900. Where people are confused is if your refund would have been 900 next year without the rebate it would be 1,500 with the tax cut and the rebate amount will be deducted and you still get your 900 it would have been.

Okay, question about my taxes...I just got married and my husband has less than perfect credit...?

Here%26#039;s the problem, he used to be in the army and has an army type credit card that he never paid off, it has like a 3000 dollar balance on it, so for them to collect, he has allowed them to take his tax returns every year. Now, does this mean, since we are married, that they will take mine as well? Is there a way I can file separately from him or make sure they don%26#039;t take mine?

Okay, question about my taxes...I just got married and my husband has less than perfect credit...?

You do NOT have to file separately! And you can protect and receive your share of any joint refund!

Use form 8379 (Injured Spouse Claim and Allocation) when you file your return. You will have to file this form every year when you file your return to prevent the creditors from getting your portion of the refund.

And file Married filing Jointly. Your taxes will be less and your refund, if there is one, will be larger. There are too many disadvantages to Married filing Separately. Just use the form 8379 and you will get your share.

Okay, question about my taxes...I just got married and my husband has less than perfect credit...?

You could file Married filing Separately.

Okay, question about my taxes...I just got married and my husband has less than perfect credit...?

My husband has past child support and we are in the same thing. You need to file seperate but married. They will garnish his but you will still have a refund (if you get one).

Okay, question about my taxes...I just got married and my husband has less than perfect credit...?

For sure file separately.

Okay, question about my taxes...I just got married and my husband has less than perfect credit...?

If you file jointly, then there can not be any separation of the refund. You can simply increase the number of dependents on your W-4, so that you get a higher weekily income, (lower taxes withheld), so that you dont qualify for a refund.

More importantly, since you are now married, why not merely allow the refund to go to the creditor, so that you can put this debt behind you, and move on to building a life together, and a good credit rating for both of you?

Okay, question about my taxes...I just got married and my husband has less than perfect credit...?

I beleive you can file seperately. I think you can do a %26quot;married but filing seperate%26quot; however because you are married to him, they may just take your taxes too, since you guys are now a legal partnership according to the government...

I know in the case of back child support you can file an %26quot;injured spouse grievance%26quot;, but I don%26#039;t know if that is possible for you.

The best thing to do would be to pay off the debt and take control of your new husband%26#039;s money and clean up his credit so you guys can eventually get established and buy a house or something.

Okay, question about my taxes...I just got married and my husband has less than perfect credit...?

yes, you dont have to file jointly. If you do then ask your tax preparer if they will deduct it all. If they do then tell hubby to give up the cash they took from you.

Okay, question about my taxes...I just got married and my husband has less than perfect credit...?

When did you get married? If you have not been married for most of the year you can actually still file as single. I was married in October so I was only married for 3 months of that year and I was told to file as single that year.

Okay, question about my taxes...I just got married and my husband has less than perfect credit...?

Just file separately. That%26#039;s what my parents do.

Okay, question about my taxes...I just got married and my husband has less than perfect credit...?

You could file separately, however filing separately will most likely mean that both you and him will pay more taxes in the end. Generally it is more beneficial to file jointly than separately.

Okay, question about my taxes...I just got married and my husband has less than perfect credit...?

Filing separately will protect your refund. But as a married couple the refund by filing jointly would be bigger than separate returns. Granted the government would take all of it but so what? It will need to be paid off anyway so why not save money and put it behind you. This is long term advice. You may prefer short term so you can go shopping now.

Okay, question about my taxes...I just got married and my husband has less than perfect credit...?

Listen to yamahaman. He%26#039;s right that you can protect your share of the refund, but still file joint. Filing separately is allowed, but will almost surely cost you money in extra taxes.

Okay, question about my taxes...I just got married and my husband has less than perfect credit...?

Go with the injured spouse thing. But one of the previous posters is incorrect. You MUST file either Married Filing Jointly or Married Filing Single. You if are married on Dec 31, you are considered married for the whole year.

California tax return question - please help!!!?

When I filed my 2005 tax return, I claimed head of household, myself, my ex, her daughter, and our daughter - since my ex did not work. (I also claimed the same status and dependents in 2004 as well). Since then we have broken up; and she allowed 1 of 2 things to happen: she either let her new boyfriend claim her daughter on his tax return, or they filed a false tax return in her 4 years old daughter%26#039;s name and social security number. So I received a letter from the IRS notifying me of this error, and I was informed that if neither party amended their return, then a dispute would be opened and certain identifying information would be needed to determine who could claim the dependent. But on the IRS%26#039;s website it states that if neither of the 2 individuals who claimed the dependent are the child%26#039;s biological father, then the exemption credit it given the tax payer with the highest AGI. (Which would be me). Is this true? Since we broke up obviously I wouldn%26#039;t have access to the child%26#039;s immunization records, school files, etc. for the %26quot;identifying information.%26quot; Would I lose my right to claim her because I didn%26#039;t have that information? I also think there is a possibility that they used her daughter%26#039;s social security number to file a fraudulent return because no other social security number was duplicated; and if her new boyfriend was filing his own return with his social, then he would%26#039;ve claimed the mother as well. He wouldn%26#039;t be able to claim my child for very obvious reasons...

California tax return question - please help!!!?

I would go ahead and ask the IRS to open a dispute proceeding, and explain what you%26#039;ve provided here, but in greater detail.

Since your joint daughter is not the issue, and I am assuming you were not married during 2005, these are the rules for your ability to claim your ex and her daughter.

Your rights come as a result of the dependency tests under the Qualifying Relative standards under IRC 鎼傛悅 152(b) and (d), as opposed to the Qualifying Child standards many people refer to that came to be from the Working Families Tax Relief Act of 2004 and the Uniform Definition of a Child. To meet the qualifying relative standard, each dependant must have lived with you for the year and been a member of your household, each made less than $3,200 in 2005, each be a citizen or resident, and each must have received more than half their support from you.

From your dialog, it sounds as thought these conditions were true, you filed a return after the end of 2005, then you broke up, and her new boyfriend subsequently filed a tax return. If so, then you have a winning case. If you broke up during 2005, your case will most likely come down to dollars, who spent more.

The identifying infomation the IRS is looking for is first to identify who we are talking about, and that this was not a processing error. Once that is resolved, the IRS will ask a series of questions and want evidence to support the standards I explained above. Evidence includes all the money you spent supporting your ex and her daughter, including meals, medical fees, insurance premiums, housing, schooling. Pull all your credit card records and cancelled checks, and start totaling. You need to prove support and that they were members of the household.

The dependancy deduction does not revolve around immunization records and school files.

These cases are won on an accumulation of evidence for support, which means the winner has just slightly more support than the loser. If you have a winning case, then you should feel confident going into dispute resolution.

You should be aware that in all cases where the IRS cannot make any determination as to who should get the exemption, it is lost to all parties.

You should also be aware that your ex could have claimed her daughter on her own tax return in order collect the earned income credit, and her new boyfriend could be uninvolved in this. If so, your chances of success are significantly reduced.

California tax return question - please help!!!?

Your situation is difficult, but not impossible.

First, you cannot claim your Ex as a dependent, even if she didn%26#039;t work. You can claim the HOH because of your daughter, and POTENTIALLY for hers, but that is questionable too.

Do you have an agreement as to who is to claim YOUR daughter? If you were not married, do you have anything from the courts stating you are the primary care giver? It isn%26#039;t always clear cut, but you must provide 51% of the support, and if your ex is living with another person in 2005, then she can TRY to claim both children as HER dependents.

Since her child is not your child, unless you have receipts showing you provided the childs support (rental receipts, doctor bills you paid etc.) you will be disallowed her as a dependent for 2005.

You really need to contact the state of California showing your documentation, and make your EX amend her return, if you can prove your filing is correct.

I also suggest contacting a tax accountant in your area to review all your records.

Good Luck

Can the irs take away my income taxes if i have really really bad credit?

i have bad credit due to credit cards and im afraid that the irs will take my taxes away if i file for them

Can the irs take away my income taxes if i have really really bad credit?

Only if you owe Federal Debts, State Debts, Child Support

FMS 1-800-304-3107 to see if you owe any of those debts

For commercial debts,,NO

Can the irs take away my income taxes if i have really really bad credit?

m33p

Can the irs take away my income taxes if i have really really bad credit?

%26quot;Take away my taxes.%26quot; I assume you mean %26quot;take away any refund I%26#039;m owed.%26quot;

The IRS will reduce your refund by whatever you owe THEM. They will not get involved in taking money to pay off credit card debt.

However, if the credit card company knows that you have a refund coming, they%26#039;ll expect you to give it to them.

Can the irs take away my income taxes if i have really really bad credit?

I agree with Rob response. Your current credit stance has no barring on your return. Your income tax can be interrupted ONLY if you owe the government such as...student loans, child support, prior income tax..

It will NOT be harmed if you owe a credit card company etc.

Simply go file, get your return AND then pay off as many debts as you can. Not to worry..

Can the irs take away my income taxes if i have really really bad credit?

No they wont%26#039; take it for that. Only if you owe them money will they keep it. (Most people has some form of bad credit. Very few actually have %26quot;good%26quot; credit.) If that were the case, they%26#039;d really be rakin in the cash at tax time! Whew! LOL!

Can the irs take away my income taxes if i have really really bad credit?

No one can take your IRS refund just because of bad credit. If you owe taxes and certain other debts, the IRS can take your refund up to the amount you owe them.

If other creditors have sued you and gotten judgments, and they have attached, or levied on, your assets, especially a bank account used to deposit your refund checks, they will get the money that way.

If your situation is that bad, you really should look into bankruptcy.

Can you claim you car credit?

I am looking to file my taxes and I have a question. One of my co-workers told me that he was told (i know it sounds funny) that he can claim car credit on his taxes. Now he does not have a small business or anything like that, he uses his car just to go to work and we work in the office environment so I am not sure how can u claim car . So can you in any way claim you car credit if you are using you car to go to work like most of the people?

Can you claim you car credit?

No, commuting to work isn%26#039;t deductible. If he was told that it was, he was told wrong.

There are a couple things about your car you might be able to claim if you itemize. On the purchase, if you deduct sales tax rather than state and local income tax, you can deduct the sales tax. If your state has a personal property tax on cars with your license plate renewals, you can deduct the personal property tax part of the renewal fee.

Can you claim you car credit?

Do you mean do you claim the interest on your car loan? No.

If you%26#039;re just driving to and from work, no you can%26#039;t claim mileage or anything. There are very specific guidelines on when you%26#039;re allowed that expense.

go to irs.gov and look for the info.

Can you claim you car credit?

Hybrid car and alternative fuel vehicle credit. If you bought an overpriced vehicle, you could get a credit to help with the cost of the technology.

Sales tax on buying the car. Part of schedule A.

Tag fees if based on value of car. Part of scedule A.

Can you claim you car credit?

Please fill me as well. I have been paying taxes for over thirty years and I have not found a way. Is your friend using his car for business purposes? Did your friend buy a hybrid car? Other than those two things, I do not know how you friend can get %26quot;Car credit%26quot;.

Economic Stimulus Plan/ Tax Rebates?

Mr. Bush%26#039;s proposal is to give $600 to $1000 out in the form of tax rebates. My question is will these rebates come off of our tax returns at the end of 2008? Or is this money with no strings?

I remember we had a similar plan to this in the state of Wisconsin where we received a check. However just like in a game of Three Card Monty we were all swindled because at the end of the year we lost out on a (Homestead?) credit on our state taxes that would have been more than the amount of the rebate check.

Also, last time these so called Rebate Checks were distributed (during mr. Bush%26#039;s first term in office) I didn%26#039;t qualify because of my income. However people in much lower (the lowest) brackets received one dispite the fact that they don%26#039;t pay any income taxes at all. God Bless America.

Economic Stimulus Plan/ Tax Rebates?

From what I understand, it is money with no strings attached! And, they said they wanted to give $800 to single taxpayers and $1600 to married filing jointly households. Although they make it seem like we would get checks right away, I really think it will take them several months to inact the whole plan and get the checks printed and sent out.

We got a similar rebate in 2001 but it was a lot less. There were no strings attached to that one either....just the government%26#039;s plan to help boost the economy.

Economic Stimulus Plan/ Tax Rebates?

This answer is totally wrong. There are strings attached to this just like the last one. This is an advance on your next years taxes. There is still a long way to go and they can change things. The last time they made the rebate 100% taxable income. Report It

Economic Stimulus Plan/ Tax Rebates?

from what i have read its 800 per individual and 1,600 per married couples. not 600 and 1200 like it was in 2001. from what i know the money has no strings attached and doesnt have to be paid back

Turbo Tax verses H&R Block's Tax Cut?

I figured out my taxes using both, using the same exact information. There%26#039;s a $700 discrepency in what I owe. There are some fundamental things like my ability to deduct student loan interest (one says I make too much money to deduct any) and tax credits for making energy efficient improvement to my home (one says this credit isn%26#039;t available until 2006) that made the difference. Which do I trust?

Turbo Tax verses H%26amp;R Block%26#039;s Tax Cut?

niether

Turbo tax is good but it takes a long time to complete and I personally always wondered if I did everything correct.

H and R Block, Jackson Hewit and other places like that are basically the McDonalds of taxes. There employees take a training class that is several weeks long and then you are supposed to have confidence in there work.

I am an accountant (I am not a CPA yet but I work for one and will be soon). I have already taken 11 courses in accounting and 1 in finance. I will take another 10 or so before I become a CPA. I currently have more accounting education then anyone that you will find in a H and R block and I still have two more years of education left.

As far as prices are concerned, we usually charge less to prepair a return then the chain tax places and generally do a better job. We can not beet the price of turbo tax but we can give you the confidence that the return is completed right and you do not have to spend several hours ( your time is usally worth some kind of compensation) doing it yourself.

Take your return to a CPA he will take care of you. Build a relationship with him/her and return every year. Trust me in the long run you will save. I know I am biased but I have used all three services before I was an accounting student. In the end I found out that the CPA was the best.

Turbo Tax verses H%26amp;R Block%26#039;s Tax Cut?

Wow. Really interesting! Report It

Turbo Tax verses H%26amp;R Block%26#039;s Tax Cut?

I%26#039;ve heard H%26amp;R was under investigation, I%26#039;ve used Turbo for the last few years, and it always gives me the best money back as well.

Turbo Tax verses H%26amp;R Block%26#039;s Tax Cut?

Turbo Tax because H%26amp;R Block might make big mistakes and might check their errors but Turbo Tax, checks if it did everything correctly everytime. I heard that H%26amp;R Block made big time mistakes.

Turbo Tax verses H%26amp;R Block%26#039;s Tax Cut?

We have always used Turbo Tax. I don%26#039;t think I would trust anyone else to do our taxes especially H%26amp;R Block. We never had any problems with filing using Turbo Tax.

Turbo Tax verses H%26amp;R Block%26#039;s Tax Cut?

Neither. I%26#039;ve used TaxAct for the past 2 years. It%26#039;s easy and inexpensive. I filed both federal and state returns this year for a total of $12.

I'm about to file an amended tax return for tax year 2006. How long will it take to get my refu

While doing my taxes for 2007, I discovered that I was eligible for the Earned Income Tax Credit for tax year 2006, and failed to take the credit. I have filled out an amended return for that tax year. I have also submitted my return for the 2007 tax year. If I mail my amended return now, considering this is tax season, how long will it probably be before I get my refund for the amended return?

I%26#039;m about to file an amended tax return for tax year 2006. How long will it take to get my refund?

Typically 8 to 12 weeks, give or take a bit, on the amended return. You%26#039;ll get the 2 refunds separately.

I%26#039;m about to file an amended tax return for tax year 2006. How long will it take to get my refund?

You%26#039;re welcome. TFTP Report It

I%26#039;m about to file an amended tax return for tax year 2006. How long will it take to get my refund?

Usually eight weeks.

Who invented the income tax welfare program?

Did you know that some people get money back in taxes that they never paid in? For example, if you owe $0 in taxes for the year because of applying credits, you can sometimes still get a refund?

The way it works is through %26quot;refundable%26quot; credits, the EIC and the Additional Child Tax Credit.

So there are a lot of poor people being subsidized by the government (and I%26#039;m one of them, actually, I start work in January).

Don%26#039;t tell the liberals, but Bush actually expanded this program!

Who invented the income tax welfare program?

In 1962, Milton Friedman.

It%26#039;s a very liberal program and probably for a good cause. I wouldn%26#039;t say that program is big government overkill like free health care or free 401k matching, or free baby bonds.

Who invented the income tax welfare program?

French fries.

Who invented the income tax welfare program?

I have a cousin who has been on disability (because apparently laziness and a lack of desire to work is a %26quot;disability%26quot; in the state he lives in) who gets $3,500 back in taxes every year.

I think it%26#039;s disgusting. Thanks for telling me Bush is responsible for it. Now I have another reason to think he%26#039;s an incompetent fool.

(Like I needed one.)

Who invented the income tax welfare program?

EIC was started by a coalition of Reagen and a Democratic Congress in the %26#039;80%26#039;s and has been highly successfuly in making work worthwhile for the working poor. yes, Bush expanded the ACTC-good for him.

I can%26#039;t imagine anyone seriously criticizing a programs that encourage people to work and which move them toward a %26quot;living%26quot; wage, which they are not receiving despite working full time.

Who invented the income tax welfare program?

Bush is a liberal. Neo-cons are neither conservative or Republican.

Who invented the income tax welfare program?

Bush expanded tax rebates and corporate welfare even more.

There are more corporations that are doing this than poor people. Corporations like Disney, GE, Verizon, McDonnel Douglas, and At%26amp;t pay virtually nothing in taxes, but they get millions of dollars back. They get alot more paid to them in taxes than anyone on these boards including you.

The following are excerpts from the two sources listed below:

Eighty-two of the 275 companies, almost a

third of the total, paid zero or less in federal

income taxes in at least one year from 2001 to

2003. In the years they paid no income tax,

these companies earned $102 billion in pretax

U.S. profits. But instead of paying $35.6 billion

in income taxes as the statutory 35 percent

corporate tax rate seems to require, these companies

generated so many excess tax breaks that they received outright tax rebate checks from

the U.S. Treasury, totaling $12.6 billion (see box). These companies閳?閳ユ笜egative tax rates閳?meant

that they made more after taxes than before taxes in those no-tax years.

Twenty-eight corporations enjoyed negative federal income tax rates over the entire 2001-03

period. These companies, whose pretax U.S. profits totaled $44.9 billion over the three years,

included, among others: Pepco Holdings (閳?9.6% tax rate), Prudential Financial (閳?6.2%), ITT

Industries (閳?2.3%), Boeing (閳?8.8%), Unisys (閳?6.0%), Fluor (閳?.2%) and CSX (閳?.5%), the

company previously headed by our current Secretary of the Treasury.

In 2003 alone, 46 companies paid zero or less in federal income taxes. These 46 companies,

one out of six of the companies in the study, told their shareholders they earned U.S. pretax

profits in 2003 of $42.6 billion, yet they received tax rebates totaling $5.4 billion. Almost as

many companies, 42, paid no tax in 2002, reporting $43.5 billion in pretax profits, yet

receiving $4.9 billion in tax rebates. From 2001 to 2003, the number of no-tax companies

jumped from 33 to 46, an increase of 40 percent.

Any individual who paid taxes provides more money to run the government than these untaxed firms, says Barry Piatt, spokesman for Sen. Byron Dorgan (D) of North Dakota, who, with Sen. Carl Levin (D) of Michigan requested the study months ago. Next time Congress considers taxation, Senator Dorgan will be hammering at the legal %26quot;massive tax avoidance%26quot; by companies, promises Mr. Piatt.

For years, companies and their representatives, such as the National Association of Manufacturers, have complained that businesses are overtaxed. The latest studies of corporate taxation suggest that, in general, this is not true. %26quot;The usual arguments may be baloney,%26quot; says Piatt.

The GAO study found that 71 percent of foreign-controlled corporations operating in the United States paid no taxes in those five years; nor did 61 percent of US-controlled companies.

Would a combination of a federal sales tax and progress tax work?

People who earn $100,000 or less account for about $300 billion in tax revenue.

If this income bracket were exempt from the progressive tax and a 6% federal sales tax established, there would be about a $500 billion net gain in tax revenue.

This would tax middle and lower income (and drug dealers) only on money spent, not saved. Money needed for mortgage payments would not be taxed, as the tax would apply only on the sale of a home.

For incomes above $100,000 the current progressive tax could apply with a standard tax credit for the sales tax.

This is not a supply side approach. So it%26#039;s likely never going to fly. But it seems like it would solve the deficit problem in the first year.

Would a combination of a federal sales tax and progress tax work?

Google %26quot;Fair Tax%26quot;. Read the book by Linder and Boortz. Get back to me if there is any sane and rational objection to this system, which I favor.

Would a combination of a federal sales tax and progress tax work?

What%26#039;s up with the %26quot;drug dealers%26quot; comment? Do you honestly believe that all low income citizens are drug dealers?

Besides that your idea sounds good to me, but I don%26#039;t have a clue why you felt it necessary to muck it up with the drug dealers BS.

Ok I understand now. I like it.

Would a combination of a federal sales tax and progress tax work?

There should be only one type of tax - a %26#039;consumption%26#039; tax.

The more materialistic you are, the more you pay. Is there anything more fair than that?

Would a combination of a federal sales tax and progress tax work?

That might work, but I would favor just scrapping the income tax altogether. As long as we keep the income tax, the temptation to expand it will be too great for politicians to resist.

Without the income tax, we might see an initial decline in revenue...but hey, the Federal government could stand to cut spending anyway.

Bad Credit Trying to sort life out need your help?

Im feeling very low lost my Grandad recently very near a nervous breakdown Im always there for everyone but no one here for me so thought i would ask you guys

When I lost my Grandad Iwas already low and the bills were catching up Ive a partner whos not really bothered even when I said bayliffs would be round soon all the bills in my name need a loan for aprox 鎷?,000 weve got partners wages child tax credit, family tax credit csa and child benefit but the benefits dont count once ive got a loan iwill get sorted but cant get a loan and Ive fallen for the pay 鎷?9.50 and we will do the loan and they come back with a loan for 1000

just need help out of this dark hole and fast

so a loan that will except bad credit from a tenant for 鎷?,000

thanks

sorry for babblying

Bad Credit Trying to sort life out need your help?

There are plenty of places that offer loans for people with bad credit with no-hassle applications and easy requirements.

Some of these lenders even offer 1 minute approvals, and have both secured and unsecured loans, depending on your need and situation. Check the page listed below, it has information and bad credit lenders listed off and on.

http://www.axalda.info/bad-credit-loans....

Bad Credit Trying to sort life out need your help?

Have seen lots of people asking info on bad credits. Well, if you need to get your problem solved on%26lt;!--bad credit, you must know to how to confront it. Of course, Even if you have bad credit, you can get loans. Many factors can contribute to someone getting a %26quot;bad credit%26quot; rating, among these are non-payment of an account or late payments over an extended length of time. Take a look on the website which provides details on bankruptcy.

http://badcredits.awardspace.com/

You may find want you want. You can easily be labelled as a bad credit risk by financial companies. This can make it more difficult to--%26gt;arrange loans or other finance, and usually means you will pay more interest on any loan you take out.

Dual income, no kids, no house. Any tax breaks for us we don't know about ?

It%26#039;s the good old marriage penalty. Me and my spouse always rec%26#039;d both federal and state tax refunds when we were single, but ever since we got married we owe every single year. We don%26#039;t have any kids to use as a tax credit, nor do we yet own a house, so no tax break there. We both make decent money. So, besides the standard deductions called out for on the tax forms, are there any other possible tax credits or deductions available to us ? We aren%26#039;t really interested in spending hundreds of dollars to go see a tax guy.

Dual income, no kids, no house. Any tax breaks for us we don%26#039;t know about ?

People call it a marriage penalty, but it really isn%26#039;t. You end up paying the same tax, but as a married couple, you bring home more in your paycheck because your withholdings are dropped from the single rate to the married rate. If you don%26#039;t want to owe (like you did when you were single), make sure your withholdings are set to the married, but withhold at the higher single rate. If you both do this, then you will see that you will get a refund next year.

As for deductions you don%26#039;t know about, make sure you have contributed to an IRA or 401K plan. Otherwise there isn%26#039;t much.

Dual income, no kids, no house. Any tax breaks for us we don%26#039;t know about ?

You would be well served by contacting a financial adviser.

Are you depositing the maximum allowable in your IRA%26#039;s?

Contacting a professional will be money well spent.

good luck

Dual income, no kids, no house. Any tax breaks for us we don%26#039;t know about ?

IRAs, charitable contributions, business expenses, medical expenses,

Dual income, no kids, no house. Any tax breaks for us we don%26#039;t know about ?

cant you and your wife claim IRA of 4000 each?

Dual income, no kids, no house. Any tax breaks for us we don%26#039;t know about ?

If you have no children or house, your taxes as single and married filing separate are identical, except for deductibility of IRAs.

If you are penalized filing jointly, by all means file separately and itemize like you did before. It may be in your case separate returns are better for you.

Otherwise, max out the retirement accounts, buy a nice house with a mortgage, start a sole proprietor business, buy rental property, invest for capital gains.

Dual income, no kids, no house. Any tax breaks for us we don%26#039;t know about ?

If you%26#039;re paying on student loans, you can get a deduction for some or all of the interest.

And I don%26#039;t know what you mean by %26quot;decent money%26quot;, but the tax rates for married filing separately are the same as single rates only up to $61,850, and after that, married filing separately pays more than single.

But be sure you%26#039;re looking at your total tax, not just your refund, when you say you%26#039;re paying a marriage penalty. Your refund is just how much you overpaid - if you%26#039;re having less taken out but paying the same, you might be ending up paying rather than getting a refund.

Why is the hybrid tax rebate phased out?

Apparently the tax rebate on hybrids in the US is eventually phased out:

%26quot;To get the tax credit you%26#039;ll have to wait to buy the vehicle until after Jan. 1. If you buy one of the first 60,000 qualifying vehicles that your automaker sells or buy one in the first three months after the quarter in which that sales total is reached, you%26#039;ll get the maximum rebate allowed for that vehicle. After that, the tax credit starts to phase out.%26quot;

http://seattletimes.nwsource.com/html/na...

This is causing the rebate on Toyota and Lexus hybrids to be completely phased out by October 1st:

http://www.fueleconomy.gov/feg/tax_hybri...

http://www.irs.gov/newsroom/article/0,,i...

Anybody know the reasoning behind this phase-out? It doesn%26#039;t make any sense to me. It seems like we should continue to encourage the purchase of hybrids regardless of how many have been sold.

Why is the hybrid tax rebate phased out?

Probably because idiotic politicians feel that once a certain number of hybrids are sold, they no longer need tax rebates to continue sales success.

Why is the hybrid tax rebate phased out?

I am speculating wildly as I don%26#039;t have any knowledge of US situation. Here in the UK what is often called %26quot;pump priming%26quot; money is granted to new developments (not just in technology). It is never intended to be permanent. The idea is just to help to establish a new development not to permanently fund it.

Why is the hybrid tax rebate phased out?

It is to encourage the purchase of hybrids but not break the bank over it. I guess the theory is that once they get popular enough they should be able to survive on their own. the per manufacturer aspect is obviously welfare for the domestic manufacturers who have been lagging in hybrid technology.

Why is the hybrid tax rebate phased out?

Tax rebates and incentives exist to encourage some behavior that the government desires, but people may not otherwise do. It has become obvious that this behavior will take place without an incentive, so away goes the rebate. (Which is not the same thing as raising taxes)

Why is the hybrid tax rebate phased out?

W

Why is the hybrid tax rebate phased out?

because if you want a hybrid, GREAT!

why do you think i should help you buy it?

would you support a tax break so i can buy parts for my race car?

Why is the hybrid tax rebate phased out?

because they have to fund the tax breaks for Hummers from somewhere

http://www.bankrate.com/brm/itax/biz_tip...

and people need hummers to compensate - original tag line of the was %26quot;Restore your manhood.%26quot; http://www.sierraclub.org/compass/2006/0...

Why is the hybrid tax rebate phased out?

Because we have an oil man for president.

If you buy a Hummer over 6000 pounds you can get a tax credit of up to $100,000.00.

Does this tax refund seem way too high?

i just netfiled my taxes with the CRA, using free tax software online. i filled out all of the forms and double checked everything, and my return amount is a little over 2,300. i had an income of about 17,000. i%26#039;m not a student, but i have one 1 year old child who i claimed as an eligible dependent. i live in ontario, if that information helps at all. the amount of tax deducted at my job was 1100, and the other income i claimed was not taxable. i know that i should be getting the WITB, the sales tax credit, and some money back for the exorbitant rent i%26#039;ve been paying... but 2300 bucks? something seems wrong here.

Does this tax refund seem way too high?

its not wrong, the earned income tax credit went up this year. so we%26#039;re all getting more.

i got over $4500 this year for my refund.

enjoy it.

Does this tax refund seem way too high?

No, the refund actually seems fine.

Your personal exception is $9600. That means you can make that much without pay ANY income taxes. Since you can claim the amount for an eligible dependent (I%26#039;m assuming you are a single parent), that means you can claim an additional $9600 tax-free.

Therefore a total of $19200 of income is tax free. You made less than that, therefore all of your taxes paid are returned, plus additional credits earned.

I just checked my credit and found that i have a state tax lien from 2005.what is thisandhowdo i tak

Contact your state and find out. Usually it%26#039;s because you failed to file a tax return, or filed and didn%26#039;t pay tax due.

How would we know?

I just checked my credit and found that i have a state tax lien from 2005.what is thisandhowdo i take careofit

I too found the same thing and i had to contact my local office and they told me the amount and what it was for and set me up on a payment plan

I just checked my credit and found that i have a state tax lien from 2005.what is thisandhowdo i take careofit

filing and dues- now days it is a super easy form-how much did you make- send it in.

Tax credits for old stuff donations?

my tax lady told me that i need the receipt for the donation to claim that amount while filing the tax. can anyone tell me which places give receipt and what information do i need on the receipt to attach with the tax return.

Tax credits for old stuff donations?

Goodwill, Salvation Army, St Vincent de Paul or pretty much any other legitimate charity will give you a receipt. It needs to be itemized, so if you have lots of items to donate, take along a list and just ask them to sign that.

Donations of household goods, clothing, etc must be in at least good used condition to deduct them at all.

The organization will give you a receipt for the items donated, but usually won%26#039;t put a value on it. You need to figure out a fair market value - this would be the amount that similar items sell for in their thrift shops.

Tax credits for old stuff donations?

This is a very common question. Quite some time ago, the government didn%26#039;t require receipts for donations, but now that the laws have changed, you are required to provide one. In answer to your question, most legal charities/ donation centers (except for clothing drop off boxes) should provide you with some form of receipt. If you%26#039;re working with an accountant, the receipt should suffice and they should be able to move on from there. Typically, there is a line on your tax forms that may say something like: %26quot;Charitable Donations,%26quot; and usually with help from your receipt, the accountant can finish the work.

Tax credits for old stuff donations?

Most any %26quot;Goodwill type%26quot; drop off place will issue you a receipt. The problem is that normally they will not determine the Fair Market Value of the %26quot;stuff%26quot;. It is a bit of a problem getting that information. Some places have a list of the normal cost of used goods they sell. If the IRS were to apply the rules strictly you would need to have a certified appraisal of your old socks. Which really means that old socks are difficult to determine the value and may not be take as a deduction.

IRS form 8880 Credit for Retirement Savings Contributions?

Is line 2 of the 8880 the amount of box 12b Code D? All the contributions from my 401(k). Line 2 states Elective deferrals to a 401(k) or other qualified employer plan,... When I use turbo tax online it says I can not take this tax credit but H%26amp;R Block allows me to take this credit. All you tax experts out there let me know if Understand this credit. It is an incentive to save using a 401(k) correct?

IRS form 8880 Credit for Retirement Savings Contributions?

%26quot;Internal Revenue Code (IRC) Section 25B provides a nonrefundable tax credit for an eligible individual who makes a regular traditional IRA or Roth IRA contribution or defers a portion of his/her salary to a qualified employer plan. An individual or married couple files IRS Form 8880 to take advantage of the credit, which is only available through 2006.

An individual bases the credit calculation on a percentage of his/her regular IRA contribution and/or salary deferral up to $2,000 each year. The credit ranges from 10 percent to 50 percent of the IRA contributions and/or salary deferrals depending on an individual閳ユ獨 adjusted gross income.

As a nonrefundable credit, it is only available to the extent of an individual閳ユ獨 income tax. In other words, if an individual determines that he is entitled to a $1,000 credit but only owes a tax of $500, the credit will zero out his tax, but the remaining $500 of credit is lost.

Furthermore, the credit is not available to any full-time student, any individual claimed as a dependent on another person閳ユ獨 federal income tax return, or to any individual with adjusted gross income over $25,000 ($37,500 for an individual filing as a head of household and $50,000 for a married couple filing a joint return).%26quot;

IRS form 8880 Credit for Retirement Savings Contributions?

prior poster nailed it on the head...it%26#039;s an incentive to save...but only for lower income individuals. I would imagine that H%26amp;R Block SOFTWARE would not allow you to take the credit but H%26amp;R Block individuals who are misinterpreting the law are.

How much is a child's tax deduction?

If parents lists x number of children on their tax return, how much money is deducted from their income for each child?

I%26#039;m not asking about the $1,000 tax credit, child care tax credit, or how much a child can earn tax free.

What is the raw value of the tax deduction?

How much is a child%26#039;s tax deduction?

First off, it%26#039;s not a deduction but an exemption. Each exemption that you claim reduces your taxable income by $3,400 for 2007.

How much is a child%26#039;s tax deduction?

TFTP Report It

How much is a child%26#039;s tax deduction?

ya boston guy be right

How much is a child%26#039;s tax deduction?

The exemption, the amount that%26#039;s subtracted from your income for each child before taxes are calculated, is $3400 for 2007. It usually goes up a little every year.

Why do Liberals Blame George Bush's tax cuts for the deficit?

... and say the tax cuts favored the rich when it fact the biggest tax rate cuts were on the bottom. 15% to 10% = 5% The top bracket only went from 36.5% to 35% = 1.5%. I agree it%26#039;s more for the rich in dollar amounts but it was part of a stratagy to phase in a flat tax wich includes raising the standard deduction so the POOR WOULN%26#039;T PAY ANY income tax. but because of the knee jerk reaction of liberals it wasn%26#039;t continued. The inbalance cant be blamed on Bush anyway because its been that way for over 40 years. What did the Dems do about it all the times they were in power? Bush%26#039;s tax plan got rid of a lot of tax breaks that favored the rich like business meals and limo%26#039;s. His plan also implemented new tax breaks for teachers, so they could take the standard deduction and still deduct their teaching supplys, and raised the doubled the child tax credit. If Al Gore had his way the bottom tax rate would still be 15% instead of 10%.

Why do Liberals Blame George Bush%26#039;s tax cuts for the deficit?

Because they have never taken an economics class or looked up the actual data or GAO reports. They dont understand that you can increase federal tax revenues by taking less income tax. They operate on the principal that to have more, you must take more. Besides, never let it be said that a democrat let the facts interfere with their opinion.

Why do Liberals Blame George Bush%26#039;s tax cuts for the deficit?

Because they know nothing about economics.

Why do Liberals Blame George Bush%26#039;s tax cuts for the deficit?

Easy...Dems blame out of habit.

Why do Liberals Blame George Bush%26#039;s tax cuts for the deficit?

They just parrot what CNN tells them.

Why do Liberals Blame George Bush%26#039;s tax cuts for the deficit?

Because bush did cause the deficit

And his cuts were heavily skewered toward the rich

And also the war, which is costing craploads of money

Why do Liberals Blame George Bush%26#039;s tax cuts for the deficit?

I don%26#039;t blame the tax cuts. I blame his war, his inept diplomatic policies and his incompetent trade policies for the deficit.

Why do Liberals Blame George Bush%26#039;s tax cuts for the deficit?

Neocons love to argue that tax cuts will bring in more revenue through taxes. That%26#039;s like saying, %26quot;let%26#039;s sell our product at a loss because we%26#039;ll make up for it in volume.%26quot; It%26#039;s a fantasy that doesn%26#039;t work in the real world.

Why do Liberals Blame George Bush%26#039;s tax cuts for the deficit?

%26quot;..part of a strategy to phase in a flat tax.%26quot;

oh my God is that B.S. !

are you laughing your a*s off when you lie like that ?

guys like you have No regard for the truth.

Why do Liberals Blame George Bush%26#039;s tax cuts for the deficit?

Got some bad ,uh, facts here:

%26quot;inbalance can%26#039;t be blamed on Bush anyway because its been that way for over 40 years.%26quot;

Wrong. Surpluses are not unknown in US history...the last one was from 1997-2001. Clinton managed to erode deficit spending to zero then incurred surpluses.

Generally speaking, the supply-side vs demand-side argument in terms of economic stimulus is a fruitless one. Its like trying to prove which %26quot;arm%26quot; of the scissors cuts...the top or bottom? Fruitless.

Here%26#039;s a bonus question. What world-famous economist originally said my scissors paraphrase?

Why do Liberals Blame George Bush%26#039;s tax cuts for the deficit?

Because if you are spending the same (or more), and taking in less, you will have less. which is what we have. Now granted any tax, including sales tax, essentially goes to the government. So in theory, if you let people have more of the money they earn, they will spend more of it, and then the taxes you collect there will make up for it. But things only work out that way if people are overwhelmingly confident in the general economy. And few people are. Now part of that is due to the media. But it%26#039;s also due to actual real-world experiences. You can%26#039;t say the economy is fine if a mother can%26#039;t afford to buy bread and milk, for example. Or rather, you can say that til you are blue in the face, but it%26#039;s not going to change the experience of the people who are struggling to make ends meet.

What kind of tax return can I expect to get back now that I have a mortgage.?

My wife and I just bought our first home and I know that this coming tax year we can deduct mortgage interest and property tax. We both have full-time jobs, file jointly , and have a, before taxes, combined income of roughly $70k. We have 3 kids and will also recieve the full child care tax credit. The mortgage interest and property taxes for 2007 will total around $9k. What kind of number could I roughly expect to get back in my taxes for 2007?

What kind of tax return can I expect to get back now that I have a mortgage.?

Standard deduction for 2007 is $10,700, see 1040_ES. You need around $1700 more to make it worthwhile itemizing. State income tax or sales tax might make it.

Your exemptions are 5x$3400 = $17000.

Taxable income = 70000- 27700=42300.

Tax = 5563.

Tax credit (3 children) = $3000

net tax owed 2563.

What you get back depends on what you have withheld.

What kind of tax return can I expect to get back now that I have a mortgage.?

just go to turbotax.com

you can make up a name and fill in all the info even with fake ss # just to get through faster

and see what you get back

i did it and decided not to do the long form i got more back this yr by using the standard diduction

What kind of tax return can I expect to get back now that I have a mortgage.?

No way to say from the information given.

If your mortgage interest and property taxes are your only itemizeable deductions there isn%26#039;t enough to bother itemizing so you%26#039;ll get no tax benefit from home ownership this year. If your tax situation for 2007 is about the same as it was for 2006 you should be in a similar position next year.

What kind of tax return can I expect to get back now that I have a mortgage.?

for 2006 your standard deduction was/is $12,300.

so you%26#039;d need another $3,300. in itemized deductions on Schedule A to just break even. (the state income tax you pay counts)

In some states that have income tax, you would benefit to use itemized deductions even if not used on federal return.

What kind of tax return can I expect to get back now that I have a mortgage.?

Your refund will depend on what your withholding is. Congress may raise taxes to pay for things such as ILLEGAL aliens and Universal health care. What state do you live in?

Sorry but you don%26#039;t give enough info to answer. Anybody that give you a figure is probably wrong because they are just guessing.

What kind of tax return can I expect to get back now that I have a mortgage.?

You forgot to include how much federal taxes withheld on both of your income.

What kind of tax return can I expect to get back now that I have a mortgage.?

You already get a standard deduction in 2006 of $10,300 on a joint return - it%26#039;ll be a little higher next year. So add up your total itemized deductions, subtract 10,300 from the total since if you itemize, you won%26#039;t get the standard deduction. Multiply the difference by your tax bracket, and that%26#039;s how much you%26#039;ll save.

You said your mortgage interest and real estate taxes are around $9000. Say you have an additional $5000 in itemized deductions from state and local income taxes, charitable contributions, and any other deductible items. You%26#039;re probably in a 15% bracket. Your refund would be (14,000 - 10,300) * .15 or $555 extra because you itemized.

What kind of tax return can I expect to get back now that I have a mortgage.?

With an income of $70,000, you%26#039;re most likely in the 25% bracket.

Which means that you can deduct 25% of what you paid in mortgage interest. Roughly speaking.

Or, to be more correct, your AGI is reduced by the $9000. Which means you%26#039;ll pay taxes (at tthe 25% rate) on $9000 less in income.

You%26#039;re looking at a bit over $2000, by my quick calculations.

Tax question,, PLease Help me understand?

I am currently working on my taxe using the TurboTax Deluxe, when i get to the deductions, Child Tax credit, it says I am not eligble for this deduction. I have 4 kids to claim as dependents, all under the age of 16 and in school full time, I earned 17,000 and also recieve child support in the amount of 10,000 for the yr (sad I know). I don%26#039;t have any child care expenses, why am I not eligilble for the credit? The stupid program doesn%26#039;t give me a clear reason as to why.

Any help is appreciated.

I am in Texas so there is not a state income tax...thank goodness

Tax question,, PLease Help me understand?

Sounds like your tax liability is already at zero. Which means you do not have any tax and there for can%26#039;t take the child tax credit. Make sure you are getting EIC.

Reasons you have 5 exemptions (you and the 4 kids) at 3,400 each. That alone is 17,000. Then you get your standard or itemized deduction (standard single is 5,350 and Head of household is 7,850. Which means you can earn a whole lot more income before you have a taxable income! When you do have a taxable income you still have a long way to go with 4k in child tax credits before you actually owe any tax.

Tax question,, PLease Help me understand?

If you are already claiming the earned income credit, you may not be qualified for the child tax credit.

Is there a tax break for college students who are a Junior and are working on a second bachelor'

I believe the Hope tax credit is only for college freshmen and sophomores. And I am working on a second bachelors degree ( i earned my first bachelor%26#039;s degree 15 years ago).

Will i be eligible for a tax credit in my situation?

Is there a tax break for college students who are a Junior and are working on a second bachelor%26#039;s degree?

You will always be eligible for the Lifetime Learning Credit. However, if you were a first or second year student, the Hope Credit is usually a little better.

For tax experts: "Foreign income tax paid" in "Other deductions"?

I noticed that UFile has included the %26quot;foreign income tax paid%26quot; amount (T5 box 16) under %26quot;Other deduction%26quot; (T1 line 232). I can%26#039;t find any information in the guide for line 232 about why this would be allowed. I thought foreign tax paid is already claimed under %26quot;Federal foreign tax credit%26quot; in Federal schedule line 405. The explanation for box 16 on the back of the T5 slip doesn%26#039;t mention %26quot;other deduction%26quot; either. How does this work?

For tax experts: %26quot;Foreign income tax paid%26quot; in %26quot;Other deductions%26quot;?

Hi SC,

Foreign non business tax paid are to be claimed either as a foreign tax credit or as an %26quot;Other Deduction%26quot; via section 20(12) of the income tax act. Techincally to determine the proper treatment you need to know what country the foreign income comes from and the tax rate of that jurisdiction.

I assume that you have a small amount of foreign tax paid on a T3? In those cases most tax softwares automatically assume a 20(12) deduction for simplicity sake, and CRA appears to be just fine with that.

Cheers!

Do I qualify for stimulus package if I'm self employed & have no tax liability on line 57?

I%26#039;m self employed, married with two kids. Because of %26quot;standard deductions%26quot; and qualifying for earned income credit as well as %26quot;additional child tax credit%26quot; (not the standard child tax credit) - my tax liability on lines 52 %26amp; 57 are set at zero... I%26#039;m certainly over $3,000 but also fall under %26quot;low income wage earner%26quot; via self employed income.

IRS%26#039;s site says %26quot;Families with children under 17 generally will qualify for an additional payment. Some people with no tax liability also will qualify. This includes Social Security and Railroad Retirement beneficiaries, recipients of certain veterans閳?payments, low-income workers with earned income and/or benefits of at least $3,000 and individuals who have combined income of at least $3,000 from any combination of these sources.%26quot;

I get the feeling this thing dependent on a definition of %26quot;low income workers with earned income%26quot;

well anyway - bottom line, does a Self Employed worker with no tax liability that got the EIC qualify for the stimulus?

Do I qualify for stimulus package if I%26#039;m self employed %26amp; have no tax liability on line 57?

Yes, if your net self-employed income is $3000 or more.

According to the IRS:

Even those who have little or no tax liability may qualify for a minimum payment of $300 ($600 if filing a joint return) if their tax return reflects $3,000 or more in qualifying income. For the purpose of the stimulus payments, qualifying income includes net self-employment income.

Do I qualify for stimulus package if I%26#039;m self employed %26amp; have no tax liability on line 57?

Individuals who paid no income taxes but earned at least $3,000, or received at least $3,000 in Social Security, railroad retirement, or disabled veterans%26#039; benefits in 2007 will be eligible for a $300 rebate (payment) if they file a tax return. In other words, to receive the $300 tax rebate in 2008 you MUST file a 2007 tax return.

For those who qualify, the plan calls for tax rebates (payments) worth up to $600 for individuals with an Adjusted Gross Income (AGI) of up to $75,000 and $1200 for couples filing joint returns with an AGI of up to $150,000. An additional rebate (payment) is available for families of $300 per qualifying child.

Tax rebates are reduced by five percent for each $1,000 of AGI over $75,000 for individuals and $150,000 for joint returns. For taxpayers without children, the maximum payment is fully phased out at $87,000 and at $174,000 for joint filers. In other words, if you%26#039;re an individual with an AGI of $87,000 and above or a joint filer with an AGI of $174,000 and above, you are not eligible for the tax rebate.

For more information on the Tax Rebate, you can visit www.digits.hrblock.com/esp.

Tax Question regarding dependent care (child care)?

I have a one year old son in childcare. My wife can use some of her cafeteria benefits to pay for this childcare. Her employer has indicated that this benefit would be taxed. I am wondering if I can then get a dependent care tax credit at the end of the year when I file my taxes. If so, how is that done, and how much can I claim?

Tax Question regarding dependent care (child care)?

Child care cafeteria benefits are generally not taxable, they are usually deducted from W-2 on pre-tax basis, and in this case would be reported on a box on the W-2. That amount would not a deductible child care expense. But usually you are better of taking advantage of as many pre-tax deductions from paycheck as you can.

Tax Question regarding dependent care (child care)?

You can claim any childcare cost but your child care provider has to claim it too.(if they don%26#039;t they will get in trouble not you) and it is all on the forms you fill out if you are like me and go have someone do them for you then just make sure you tell them. Depending on how much you pay will depend on how much you get back

Tax Question regarding dependent care (child care)?

Some of it--Check out this link:

http://www.irs.gov/pub/irs-pdf/f2441.pdf

Tax Question regarding dependent care (child care)?

An employee can use up to $5,000 of employer-provided dependent care benefits (DCB) without paying income tax on the benefits.

If $3,000 or more of DCB are used, then it is not possible to also claim the Dependent Care Tax Credit.

If less than $3,000 of DCB are used, and after-tax dollars are also spent for dependent care, then a credit is possible on the after-tax dollars that bring the total dependent care expenses up to $3,000.

In other words, if your wife had $2,000 in DCB, you could get a credit on up to $1,000 of expenses you paid out of pocket. This assumes you file MFJ. If you do not live with the child and file MFS, you cannot get any credit for dependent care, only the mother can.

The credit is between 20% and 35% of your after-tax expenses depending on your income. The credit only reduces tax that is owed.

Before your wife signs up for DCB you need to figure out if taking the DCB is a better deal for you than taking the credit. This depends on your income and the total cost of care.

Gas tax: A real vote killer in the U.S.?

http://money.cnn.com/2007/05/21/news/int...

%26quot;Lower wholesale prices, which would mean less profits for oil firms, combined with a higher tax could transfer money from Big Oil to the government, which could then use the cash for public programs.

Consumers would have to pay the same amount - or even more than now - but at least that extra cash could be returned to them in some way.

It might be used as a tax credit to offset the sting for those with a lower income, countering one of the most common arguments against such a tax. It could also go towards improvements in mass transit, expanded student loans or lower health insurance premiums%26quot;

Corporate America can%26#039;t have that, hmmmmm? Your thoughts?

Gas tax: A real vote killer in the U.S.?

I think the average American is now so used to abuse (19 of the last 28 years), they just don%26#039;t think about things anymore, assuming we ever did.

I feel that we are not used to mistrusting our own government and are poorly prepared to watch them.

I will give the Bush %26quot;administration%26quot; credit for their policy of constant mis-direction with the war and terrorists and the like.

I really don%26#039;t know if we still deserve the freedoms we were born with. This is a shame because so many of our fellows made the ultimate sacrifice for those freedoms only to have them squandered by flea-bag Republicans.

We allowed it to happen on our watch and will be paying for many years.

I say...Leavenworth...for the lot of em!

Gas tax: A real vote killer in the U.S.?

I can%26#039;t wait until we are paying 6 bucks a gallon.

Gas tax: A real vote killer in the U.S.?

you do realize currently today the government makes more on a gallon of gas then the oil company right..

http://auto.howstuffworks.com/gas-price1...

Gas tax: A real vote killer in the U.S.?

I%26#039;m already checking around for a gas powered bicylce....lol. It should get excellent mileage!!

Gas tax: A real vote killer in the U.S.?

Corporate taxes are a joke. they are always passed on to the consumer. Ronald Reagan said it best; %26quot;Corporations don%26#039;t pay taxes, PEOPLE pay taxes.%26quot;

Gas tax: A real vote killer in the U.S.?

I read the article. And right after I stopped laughing at the absurdity of the whole idea of tacking on another dollar or two to the price of gas I went and changed my pants. I%26#039;d laughed so hard I%26#039;d wet them.

Like it or not big oil does pay a lot of taxes. The lower the profit the less tax paid.

And I can guarantee that oil companies won%26#039;t need to make as much gas as they do now. Because people won%26#039;t be driving as much as they did. But that won%26#039;t translate to lower prices. The cost of deisel will go up. Transportation cost will go way up and companies will be raising the cost of everything they make. Rising cost will mean people buy less. People buy less and companies lay off because they don%26#039;t need the people and they won%26#039;t pay as much taxes. With more people laid off there will be less taxes taken in. Unemployement will go way up.

Are you getting the picture? There won%26#039;t be the money for all those great ideas of what to do with all that additional money the government WON%26#039;T have. Do you know why so many in Europe drive scooters? Because Gas there costs over twice what ours does today!

There comes a point where raising taxes becomes counter productive. And what the article suggested would be very counter productive. And let me guess after you have really taxed the economy into a REAL recession you will want to tax people more until it improves.

Really, did you flunk Econ 101? Or did you even ever take it? France has one of the higher tax rates in Europe. See how their economy is doing. Their unemployment is about twice what ours is. The EU is hammering them because of their deficits.

I%26#039;m sorry but I must disagree with you. You think taxes will solve everything. Look up this figure and prove me wrong. The amount of money WASTED by government amounts to 35% of all the money taken in. That means for every dollar the government requires I send them they WASTE 35 cents.

This year Congress is proposing a 3 trillion dollar budget. That means they will waste OVER 1.05 trillion dollars on buracracy, various studies that won%26#039;t tell you anything of consequence, and ohter extraneous BS. And YOU want to give them more?

I have a tax question. Here's the situation.?

Me and my ex-wife has joint custody with 2 kids. On the divorce papers it says that I claim 1 child and she claims the other. However this year she did not have a job so she can%26#039;t file her taxes. Does anybody know if I can claim both children as dependants. They meet all the qualifications to get earned income credit and child tax credit, because they lived with me over half of the year, too. I asked my tax preparer last year and they couldn%26#039;t give me a straight answer. She is not remarried, but she does live with someone. I don%26#039;t think he could claim them because they are not married. Does anybody know the answer.

I have a tax question. Here%26#039;s the situation.?

You can claim both, but she has to agree to it. She should actually still file her taxes even if she did not make any money in 2007. She would still get EIC for that child and get money back anyways.. maybe not in your best interest to let her know that unless you are a good, nice, honest man. The person she lives with also cannot claim them as dependents.. they are not his spouse, parent or child. Hope this helps.

I have a tax question. Here%26#039;s the situation.?

That is tricky. It seems a bit unfair to let you get two this year and for her to get only one next year if she works, per the divorce ruling. However, it seems unfair to you to pass up this chance. I would speak with her and ask her opinion. In the end, it may just be something that you agree to together. And just to be cautious, get it in writing, signed and dated.

I am definitely not a lawyer or attorney. You may want to consider consulting someone.

I have a tax question. Here%26#039;s the situation.?

Call a CPA or better yet, call the IRS. They will answer this question for you

I have a tax question. Here%26#039;s the situation.?

If the children live with you, then yes. The only way that your ex can dispute is to also claim the child and send her divorce decree in that states she can claim him.

Regardless if she claims him or not, whoever the child lives with is entitled to the Earned Income Credit, Head of Household filing status, and the Dependent Care Credit. See pub 501

I have a tax question. Here%26#039;s the situation.?

The divorce papers do not trump reality.

If the children are living with you, then you are the custodial parent. The IRS normally defaults the exemption to the custodial parent. (Even if she is living with a boyfriend, they didn%26#039;t live with him all year, so he%26#039;s got zero claim on the exemptions.)

The divorce decree essentially states that you are agreeing not to claim the children and your spouse can show this by attaching either a form 8332 or a copy of the divorce decree. Even with the form 8332, child care and EIC stays with the custodial parent. With the 8332, the exemption and child tax credit move to the non-custodial spouse, but nothing else.

Here%26#039;s the problem, you signed the kids away in that legal document. You cannot undo that waiver at the present time. (Their are some proposed regulation changes, but they have not taken effect yet. If they were to pass today, you could notify her of the decision to undo the waiver--which would put you in contempt of court--and it would take effect in tax year 2009.)

I have a tax question. Here%26#039;s the situation.?

As your wife has nothing to file a tax return with, just ask her to release the other exemption to you for one year only, using Form 8332. There is no reason she wouldn%26#039;t, especially if you offer her half of the difference the exemption makes on your return.

Whether or not you can claim the second child%26#039;s exemption, you can still take them both for the purposes of the earned income credit. You can take the child tax credit only for a child whose exemption you have claimed, regardless of where the child lived.

I have a tax question. Here%26#039;s the situation.?

She could still file but she herself must be a dependent of someone else if she has no income. If she is a dependent of someone then the children cannot be her dependents. The IRS will allow the divorce papers as proof but the state you are in my not care about the divorce papers. CA doesnt. You should be able to claim them.

Qualifying Children

To be claimed as a qualifying child, the person must meet four criteria:

Relationship 閳?the person must be your child, step child, adopted child, foster child, brother or sister, or a descendant of one of these (for example, a grandchild or nephew).

Residence 閳?for more than half the year, the person must have the same residence as you do.

Age 閳?the person must be

under age 19 at the end of the year, or

under age 24 and a be a full-time student for at least five months out of the year, or

any age and totally and permanently disabled.

Support 閳?the person did not provide more than half of his or her own support during the year.

Six Criteria for Qualifying Relatives

To be claimed as a qualifying relative, the person must meet five criteria:

Not a qualifying child - The dependent cannot be a qualifying child of another taxpayer.

Gross Income 閳?The dependent earns less than the personal exemption amount during the year. For 2007, this means the dependent earns less than $3,400.

Total Support 閳?You provide more than half of the dependent%26#039;s total support during the year.

Relationship 閳?You are related to the dependent in certain ways.

Joint Return 閳?If the dependent is married, the dependent cannot file a joint return with his or her spouse.

I have a tax question. Here%26#039;s the situation.?

I don%26#039;t see any reason why you shouldn%26#039;t.