No, only one parent may claim the dependant. Generally it is the parent who has primary custody of the child. Your accountant may be able to explain the reasoning further.
NO WAY. Not the same social security number on two income tax returns. Two taxpayers CAN NOT claim the same dependent in the same year on each one own 1040 federal income tax return.
One of the two defrauded the IRS !!
You can claim as many as you actually have, according to the rules on what is considered a dependent.
No. If you're Married Filing Jointly, then you're allowed one personal exemption for you and one exemption for your husband. You can't claim your spouse as a dependent. Even if you're working and your spouse isn't, you can't claim your spouse as a dependent because you're allowed to claim two personal exemptions total for the two of you as a married couple filing jointly.
If you're Married Filing Jointly, then you're allowed one personal exemption for you and one exemption for your husband. You can't claim your spouse as a dependent. Even if you're working and your spouse isn't, you can't claim your spouse as a dependent because you're allowed to claim two personal exemptions for the two of you as a married couple filing jointly.
NO WAY. Not the same social security number on two income tax returns. Two taxpayers CAN NOT claim the same dependent in the same year on each one own 1040 federal income tax return.
One of the two defrauded the IRS !!
You can claim as many as you actually have, according to the rules on what is considered a dependent.
No. If you're Married Filing Jointly, then you're allowed one personal exemption for you and one exemption for your husband. You can't claim your spouse as a dependent. Even if you're working and your spouse isn't, you can't claim your spouse as a dependent because you're allowed to claim two personal exemptions total for the two of you as a married couple filing jointly.
If you're Married Filing Jointly, then you're allowed one personal exemption for you and one exemption for your husband. You can't claim your spouse as a dependent. Even if you're working and your spouse isn't, you can't claim your spouse as a dependent because you're allowed to claim two personal exemptions for the two of you as a married couple filing jointly.
There's a box that's checked on Form 1040EZ in line 5 if you're filing your own tax return and your parents are claiming you as a dependent. But you leave the box blank (unchecked) if you're using Form 1040A or Form 1040. On those two forms, it's the box on line 6a and it's stated "If someone can claim you as a dependent, do not check box 6a." The point of indicating on your tax return that your parents are claiming you as a dependent is to make sure that you don't take an exemption for yourself, because your parents are claiming your exemption on their return.
A person who CAN be claimed as a dependent may not claim anyone else as a dependent. Since you say that she could be your dependent, she should not be claiming any dependents herself.
if it's an irregularity (I'm assuming there are legitimate cases for two people to claim the same children, as with - say - divorced or separated parents) then eventually one or both of the people will get audited, and be asked to pay missing taxes and/or penalties.
Yes, it is possible for two dependent events to have the same probability of occurring. The probability of an event is dependent on the outcomes of other events, and it is influenced by the relationship between these events. So, it is conceivable for two dependent events to have equal probabilities.
You don't claim a spouse as a dependent. If you are married you have only two option to legally file your taxes. These are Married Filing Joint and Married Filing Separately. Married Filing Jointly is where you file together and you don't file a spouse as a dependent but you still receive all benefits as if they were a dependent. You will get a higher Standard Deduction and get two exemptions plus any other dependents you may have. Married Filing Separately requires both of you to file the same way and each has to enter the other spouses social security number on their return. You can't file the spouse as a dependent this way.
There basically are three situations in which your parents can no longer claim you as a dependent. One, you're over the age of 19, aren't a student, provide over half of your own support, and live for half the year or more in your own place. Or two, you're anywhere between the ages of 19-25, are a student, provide over half of your own support, and live for half the year or more in your own place. Or three, your income is more than $3,650, you provide over half of your own support, and you haven't lived in your parents' home all year.
Two dependent linear equations are effectively the same equation - with their coefficients scaled up or down.