RefundtalkOne of the most common elements of a fraudulent income tax return is a claim for unqualified dependents. So—who can you claim? There are important tax benefits available for taxpayers who support dependents. Although the benefits have changed in the past few years, you may be eligible for tax breaks related to children, child care,…
Category Archives: Dependents
Someone Else Claimed My Dependent
Did the IRS reject your tax return because someone else claimed your dependent? Claiming a dependent is usually pretty simple: you give the IRS their social security number, certifying that your relationship with that person satisfies a few simple rules. Things can get more complicated, especially if someone else also claims the same person as…
How Do You Determine When A Child Becomes A Separate Taxpayer
Most of the time, children are considered to be an extension of their parents when it comes to a legal application until the age of majority. Therefore, many taxpayers are surprised to learn their child is a separate taxpayer, even as a minor. If your child has enough income, he or she has an obligation…
Who Claims the Kids after Separation: You or Your Ex?
If you are a divorced or separated parent with children, a commonly encountered but often misunderstood issue is who claims the child or children for tax purposes. This is sometimes a hotly disputed issue between parents; however, tax law includes some very specific but complicated rules about who profits from the child-related tax benefits. At…
Can My Boyfriend Claim My Child on His Taxes?
Everybody loves tax exemptions. They reduce the amount of your taxable income, which affects the amount of taxes you pay. You can take a personal exemption for yourself, and you get an exemption for each of your dependents. In some cases, you might qualify as your boyfriend’s dependent. He might even be able to claim…
IRS Proposes Changes to Rules for Dependents
The IRS is proposing to change its position on when taxpayers may qualify as childless for purposes of the Sec. 32 earned income tax credit (REG-137604-07). The proposed regulations, issued on Thursday, would also make a variety of changes to the definition of “dependent” in the regulations to reflect various statutory changes that have been…
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