Can your ex-wife and her new husband legally claim your children on their taxes if she does not have a taxable income but he does?
Yes, if the couple is responsible for more than half of the financial support pertaining to the child/children. If the support amount is equal, it would be advisable for the parents to try to find an equitable solution w/o involving the court.
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When parents are divorced, the use of the children's exemptions is generally determined by the decree. It has nothing to do with who pays for what. The parent with whom the ch…ildren reside for over 50% of the year may claim Head of Household status.. At no time may both parents claim the same children in the same year on separate income tax returns.. http://www.irs.gov/pub/irs-pdf/p501.pdf
You live in New York but work in New Jersey is unemployment income received from New Jersey where it is not subject to NJ state taxes a taxable item you must claim on your New York state tax form?
Yes you will report the unemployment payment amount that you received on your New York income tax return and could owe some taxes on the amount of UI received as a resident of… NY.
You have custody of your children but your ex husband claims them on his tax return can you change this in court?
You do not have to surrender the taxes and you do not have to go to court. The new IRS law mandates that the custodial parent is the one who is awarded the tax return, reg…ardless. Unless you have a divorce degree that specifically states the exact dates for release of tax to the non-custodial parent AND it was signed before 1983 or 1984 (I can't remember the exact year) then no state court in the country with a decree can over ride it. YOU get the tax return. Someone somewhere saw the nonsense of the non-custodial parent taking money away from their children. I suggest you look up the IRS law on line and send it to your ex. Beware, however. In my case, my ex decided to take his greed out of the child support when he couldn't get the kid's tax returns. But that's easy to fix. Child recovery services has no tolerance for dead-beat dads. You never have to even contact him. Just go to your state child support services and they do all the research on his wages; what he owes, all back child support, even money he's made on the side such as bonuses, Christmas bonuses, and any rental properties, etc. They will take it right out of his tax returns and then write you a check. If he has no tax return coming, they will garnish his wages up front. From that point on, you receive a check from your child support recovery service, not your ex. They just take the money before he even sees it. So really, if he's not up on his child support, you may get all of the credit for your children, yourself, and even your ex's return.
You have to check the specifics of the custody/divorce agreements if there is one and the IRS tax code. It is possible that you would be entitlted to claim them as dependants.… Consult a good tax attorney or CPA for the specifics.
It should be addressed in the divorce and custody arrangement.. If not, it is a matter of frequent dispute. Generally, the custodial parent...but if the other is actually pro…viding the majority of financial support, an argument can be made for them.
You are the only one that has all of the necessary information that will have to be reported on your 1040 FEDERAL income tax return for the year in order to do the calculation… for the numbers that you are looking for. After you complete your 1040 federal income tax return correctly to your TAXABLE INCOME and page 2 lines 43 and Line 44 you will know the amount of your income liability before any credits or other taxes. Continue from Line 45 to the last lines at the bottom of the 1040 page 2 and then you will know how much taxes you will have to pay if any after you complete your 1040 income tax return correctly.
There are two types of dependents you can claim on your tax return. 1) "Qualifying child" A qualifying child must be a) under 19 at the end of the year OR b) under 24 at …end of the year and a fulltime student OR c) any age and permanently and totally disabled. A qualifying child must not provide more than half of his/her own support, but there is no limit on how much they may earn. 2) "Qualifying relative" If a child cannot qualify as a qualifying child because of age, they can still be a qualifying relative. A qualifying relative can be any age, but there are some more severe restrictions. You must provide more than half of the relative's support and the relative's gross income must be less than $3500. Please refer to the chart at the top of page 11 of Publication 501 for a complete list of qualifications: http://www.irs.gov/pub/irs-pdf/p501.pdf
No you are not supposed to claim if you are in arrears.
First you need to figure out if they are your dependents--living with you, you provide more than 50% of their support, and so on. If you can claim the children, you may have s…ome deductions.
This could be possible when all of the rules are met for this purpose. You as the non-custodial parent would only be able to claim the children if the custodial parent relea…se the custodial parent claim to the exemption by completing Form 8332 (PDF), Release/Revocation of Release of Claim to Exemption for Child by Custodial Parent, or signing a substantially similar statement. Go to www.irs.gov and use the search box for the blow referenced material Refer to Publication 501 , Exemptions, Standard Deduction, and Filing Information or Publication 504 , Divorced or Separated Individuals, for more information on the special rule for children of divorced or separated parents. . There was a discussion on this matter recently on Dads House. see link
You have 2 kids from a prev marriage you are a homemaker but have to have 12K a year of taxable income to claim kids for taxes Can your husbands income count?
On the married filing joint income tax return both taxpayer worldwide income would be added together and be required to be reported on the MFJ federal income tax return.
It depends on how the wife is categorized and what assets are in her name, solely or jointly. Let's say there is a house in both of the names then yes, the wife has to file… in a joint return with the husband. If the wife is a student then she will have to file and the husband may be able to claim her as a dependent. To be safe it is always better to file either a zero return solely or as the spouse on a joint return.
if you did not work this year but had a new baby in may 2010 do you get the refund for your child
The original cost of a capital asset plus any adjustments to the basis of the asset and that will make be the adjusted cost basis when the capital asset is sold. Go to the IRS… gov web site and use the search boxes for publication 550. Refer to Stocks and Bonds under Basis of Investment Property in chapter 4 of Publication 550, Investment Income and Expenses.. Cost Basis . The basis of property you buy is usually its cost. The cost is the amount you pay in cash, debt obligations, or other property or services.. Unstated interest. If you buy property on a time-payment plan that charges little or no interest, the basis of your property is your stated purchase price, minus the amount considered to be unstated interest. You generally have unstated interest if your interest rate is less than the applicable federal rate. For more information, see Unstated Interest and Original Issue Discount (OID) in Publication 537.. Basis Other Than Cost .
until the child is 18
There are multiple ways to do it. The old way is by book, using the Tax Table. On the Federal return it is on the Publication. (Such as 2010 Publication 17, Page 254) St…ates have their own tax table. The faster way is to search for a tax calculator.
If you are the one that supports those 5 children then yes. Nobody else can claim those children in their tax, and you need some prof of that claim (like: doctor's bills, rece…ipts of item you got for them. Day care or school notes) in case you get audited.