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You will be audited and have your taxes adjusted for your error or fraudulent tax return. You will have to repay the amount of the difference plus a possible 50% fraud penalty and interest on the amount owed. I suggest that you amend the return before the IRS finds your error and you will probably not have to pay the fraud penalty. The key is whether or not you lived with them and supported them during the tax year not the year that you file the taxes. As long as the lived with you for more than six months during the tax year you could legally claim them. This is a matter that is easily discovered by the IRS.
What else can I help you with?
Can you claim an inmate on your tax returns?
No you can not, it clearly states that the person has too live with you. Its clear that the inmate does not live with you If you are married to an inmate, though, you can file a joint return. You just cannot claim an inmate as a dependent.
How do I claim my back tax returns?
By using the IRS, you can claim tax returns easily. The IRS is a good way to get tax returns. If you have any troubleshooting, they have a help section.
What is the penalty for falsifying tax documents?
if you claim somebadys child with your tax .
How many tax exemptions can you claim?
You are only supposed to claim the number of qualifying exemptions that you are qualified to claim.
What happens if you claim zero allowances on the W 4 form?
If you claim zero allowances on the W-4 form, your employer will withhold the maximum amount of federal income tax from your paycheck. This often results in a larger tax refund when you file your tax return, as more money has been withheld throughout the year. However, claiming zero may also lead to less take-home pay each pay period. It’s important to consider your overall tax situation to determine the best number of allowances to claim.
Can you claim an inmate on your tax returns?
No you can not, it clearly states that the person has too live with you. Its clear that the inmate does not live with you If you are married to an inmate, though, you can file a joint return. You just cannot claim an inmate as a dependent.
What happens if you can not claim damaged goods on insurance?
if you have an unisured loss - document and determine if it would be worthwhile to claim as a loss on your federal tax return
What happens to a deathrow inmate after he is executed?
They die.
Can I claim rent as a tax deduction on my income tax return?
Yes, you generally cannot claim rent as a tax deduction on your income tax return.
What happens if the IRS owes you money?
If the IRS owes you money, you can expect to receive a refund. This typically occurs when you have overpaid your taxes or are eligible for certain tax credits or deductions. You can claim your refund by filing a tax return and providing the necessary documentation to support your claim.
Can you claim compensation for been imprisoned for community tax?
can you claim compensation for been imprisoned for not paying community tax
Can you claim exemptions in 2018 for tax purposes?
Yes, you can claim exemptions for tax purposes in 2018, but the rules for exemptions have changed due to recent tax reforms. It's important to review the current tax laws and guidelines to determine if you are eligible to claim exemptions on your tax return.
Can i claim 1000 Florida lottery ticket if i owe back tax's?
Sure. They may take the tax you owe from it...but you can claim it.
How do I claim my back tax returns?
By using the IRS, you can claim tax returns easily. The IRS is a good way to get tax returns. If you have any troubleshooting, they have a help section.
What is the penalty for falsifying tax documents?
if you claim somebadys child with your tax .
Does your husband have to claim your workers compensation benefits on his tax return?
does my spouse have to claim my workers disability pension on his income tax return
What happens to a publicly traded company when its stock goes to zero?
you can claim a CAPITAL GAIN LOSS ON YOUR TAX RETURN FOR THE YEAR IF THE COMPANY GOES BANKRUPT that's it.
