0
What happens if you claim a dependent on your income taxes and then someone else does it for the same person?
You will be required to show proof said person lives with you for the majority of the time and that you are responsible for their finances. That's one of those things that the IRS is really good at catching, because they can match SSNs in the computer system. Both parties are likely to get a letter asking them to explain and/or an invitation to an audit.
What else can I help you with?
Do person receiving ssi have to file tax return?
If SSI is the only income that you and your spouse, if married, receive then you will not be required to file an income tax return for the Federal Government.
What does it mean when someone claims you for taxes?
it means that you are the person's dependent.
If someone last year carried my child as dependent on their tax return can someone different carry her next year without anyone getting audited?
As long as the child is genuinely the dependent of a new person, that person can claim them as a dependent for that year.
Can a person on SSI be a dependent on someone's tax return?
Yes. SSI is nontaxable income. It's considered when figuring if the person claiming the dependent provides over 50 percent of the support for the dependent.Go to www.irs.gov/formspubs for Worksheet for Determining Support in Publication 501 (Exemptions, Standard Deduction, and Filing Information). You keep the Worksheet with your other tax records.
What happens if I didn't claim income and the IRS finds out?
if the IRS finds out that a person does claim income, the IRS can audit the person. If audited, the person will have to go in person to their local IRS agency and explain the situation.
You have a dependent but no income?
If you have no income how are you providing over 50% of the care for your dependent? The exemption should go to the person that is providing shelter, food and clothing for the dependent.
Do person receiving ssi have to file tax return?
If SSI is the only income that you and your spouse, if married, receive then you will not be required to file an income tax return for the Federal Government.
What does it mean when someone claims you for taxes?
it means that you are the person's dependent.
If someone last year carried my child as dependent on their tax return can someone different carry her next year without anyone getting audited?
As long as the child is genuinely the dependent of a new person, that person can claim them as a dependent for that year.
Is an individual with an income of 150k considered rich?
Yes, the person with this much income would be considered rich. This is, of course, depending upon the number of dependent they have.?æ
How did someone claim an incarcerated person as a dependent last year?
If the incarcerated person was not incarcerated for the entire year, he was still an eligible dependent. Also, if the incarcerated person is under 18 and the parent's provide his support while he is incarcerated he can also be claimed as a dependent.
How does being claimed as a dependent affect eligibility for food stamps?
Being claimed as a dependent can affect eligibility for food stamps because the income and resources of the person claiming you may be considered when determining your eligibility. This means that if the person claiming you has a higher income, it could impact your ability to qualify for food stamps.
Can a person on SSI be a dependent on someone's tax return?
Yes. SSI is nontaxable income. It's considered when figuring if the person claiming the dependent provides over 50 percent of the support for the dependent.Go to www.irs.gov/formspubs for Worksheet for Determining Support in Publication 501 (Exemptions, Standard Deduction, and Filing Information). You keep the Worksheet with your other tax records.
What happens if I didn't claim income and the IRS finds out?
if the IRS finds out that a person does claim income, the IRS can audit the person. If audited, the person will have to go in person to their local IRS agency and explain the situation.
Can a selfish person and a codependent personality have a healthy relationship?
nope that's not going to work, someone who is selfish, will only think about themselves and someone who is co-dependent, depends on other people for things, its two total opposites, you want it to be about you, and the other person needs it to be about them, a co-dependent person needs someone to rely on
What does it mean to claim someone as a dependent?
Claiming someone as a dependent means that you can receive tax benefits for supporting that person financially. This typically applies to children or relatives who rely on you for financial support.
How do I find out who claimed me dependent on their tax return?
The IRS won't tell you that. If you believe that no one was entitled to claim you as a dependent, file a paper income tax return and take your own exemption. The IRS will sort it out. If you were a full-time student for any part of five months last year and lived with someone who was supporting you, that person is probably entitled to take you as a dependent on their tax return. If you made less than $3,400 last year and someone else provided over 1/2 of your support, you were their dependent.
