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What happens if someone claims a child on their income taxes that isnot living with them they in another state?
First, non custodial parents are not eliminated from claiming the exemption for children. However, only the one that meets the qualifications of the tests for claiming a dependent as either a qualifying child OR a quailfying relative may take them, legally. Fairly easy problem for the computers to spot especially if 2 returns claim the same person as an exemption. Common sense should tell you that something as easy as saying 2 instead of 1, on an issue many are so cognizant of and not novel in any way, has a fair number of safeguards built in. First, both returns have the deduction denied (it may obviously occur after refund has been received), and explanations need to be found. Someone will end up with a penalty and interest, although as the benefit received is farily samll (generally about $750 really), these aren't going to amount to too much if paid promptly. One if not both will end up with their returns reviewed, and likely be up for further forward and backward scrutiny of all their tax positions for some while. Obviously there are actual criminal penalties possible, but unless more turns up or the problem is repetitive, that is unllikely for a "mistake".
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Who do you contact if someone claims your kids on income tax?
David Cameron
If someone else is head of household and claims you on their income tax as exsemption can you still get stimulas payment?
No. Basically, they collect it for you.
How do you use the word income tax in a sentence?
Income tax is boring but necessary.Something was dodgy about these income tax claims.
What is you claim yourself as a dependent and someone else claims you?
WHAT IF and you WERE NOT their QUALIFYING DEPENDENT. Then you will have to file a complete and correct PAPER 1040 federal income tax return and mail it to the correct IRS mailing address. Then the IRS will see if it can determine which 1040 income tax return they will accept as being correct.
Can you file income tax on your bankruptcy?
State Income Tax Claims, Federal Tax Claims, and Real Estate Taxes must be included in a bankruptcy filing. Income tax claims that are less than three years old will usually be consolidated with other debts and paid over three to five years in a Chapter 13. Depending upon income and assets, income tax claims for returns that were filed more than three years before the bankruptcy can sometimes be reduced substantially in a Chapter 13 and eliminated completely in a Chapter 7.The discharge of the debt in a bankruptcy, can actually cause taxable income for the year it is discharged if not handled proerly. You will get a 1099-C for most matters concering it.
Who do you contact if someone claims your kids on income tax?
David Cameron
If someone else is head of household and claims you on their income tax as exsemption can you still get stimulas payment?
No. Basically, they collect it for you.
What does it mean when someone claims you as a dependent, and can anyone claim you as a dependent?
When someone claims you as a dependent, it means they can receive tax benefits for supporting you financially. Not everyone can claim you as a dependent; there are specific rules regarding relationship, income, and support that determine if someone can claim you.
How do you use the word income tax in a sentence?
Income tax is boring but necessary.Something was dodgy about these income tax claims.
What happens when domestic income rises?
What happens when domestic income rises?
What items to claims for income tax return?
hi i want ans
If I am on social security and my daughter claims me. Will I get a stimulus coronavirus check 2020?
If someone claims you as a dependent on their tax return, you are not eligible for a stimulus check, even if you receive Social Security benefits. The stimulus check is only available to individuals who are not claimed as a dependent on someone else's tax return and meet the income eligibility requirements.
What is another word for Gross income?
Another word for gross income is taxable income. This is the income before taxes are taking out.
When prices rise what happens to income?
When prices rise, income buys less.
What is you claim yourself as a dependent and someone else claims you?
WHAT IF and you WERE NOT their QUALIFYING DEPENDENT. Then you will have to file a complete and correct PAPER 1040 federal income tax return and mail it to the correct IRS mailing address. Then the IRS will see if it can determine which 1040 income tax return they will accept as being correct.
Can you file income tax on your bankruptcy?
State Income Tax Claims, Federal Tax Claims, and Real Estate Taxes must be included in a bankruptcy filing. Income tax claims that are less than three years old will usually be consolidated with other debts and paid over three to five years in a Chapter 13. Depending upon income and assets, income tax claims for returns that were filed more than three years before the bankruptcy can sometimes be reduced substantially in a Chapter 13 and eliminated completely in a Chapter 7.The discharge of the debt in a bankruptcy, can actually cause taxable income for the year it is discharged if not handled proerly. You will get a 1099-C for most matters concering it.
When do you not pay state taxes?
When someone else claims you as a dependent or if you make less than the minimum income set by the state. This number appears in your tax packet as well as on-line. You can also call the Department of Revenue.
