Posts tagged as:

dependents

Ask the taxgirl: Qualifying Wages for Making Work Pay Credit

2 February 2010

Taxpayer asks: My daughter only made $3,900.00 this year, then was laid off… She only worked for one employer.. so is she illegible for the Work Pay Credit… it comes to about $252.00 which would help her out considerably, because she is only getting back $116.57. She is in her thirties with no dependents. Taxgirl [...]

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IRS Insists Mom is Too Poor to Support Kids

8 December 2009

In this economy, folks are very happy to pass judgment about the state of other people’s finances. It has, after all, been conflicting for many (myself included) to watch the government bail out people – and corporations – that have made poor decision after poor decision. As a result, folks are eager to point fingers, [...]

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Ask the taxgirl: After School Care

16 September 2009

Taxpayer asks: My child attends public school. School ends at 3 every day, but I don’t get off of work until 5 so my child attends an after school program. Can I deduct this on my taxes? Does it matter that it’s at public school? Taxgirl says: You’re in luck! So long as the child [...]

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ACORN Officials Offer Tax Advice (and a Word or Two About Being a Pimp)

14 September 2009

Late last week, news broke that officials with the group ACORN were secretly videotaped allegedly offering advice to folks posing as a pimp and prostitute. While accusations have flown about what was or was not said/meant/intended/edited, it’s clear that at least one of the officials was offering improper tax advice. Here’s the set up for [...]

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Ask the taxgirl: Sibling Dependents

18 March 2009

Taxpayer asks: I am a junior in college. I have lived by myself and worked since my freshman year. Last year, my parents divorced. My brother was supposed to go live with my dad but he has issues. So, my brother came to live with me. I made sure he went to school, cooked dinner [...]

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Ask the taxgirl: Amending Your Return

13 March 2009

Taxpayer asks: Dear taxgirl, I was in college until May, and have been supporting myself since. I just filed my taxes for free at turbotax.com, filed as an independent, and got the email that my return has been accepted. Then my parents told me that they claimed me as a dependent so that they could [...]

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Fix the Tax Code Friday: Personal Debt Cancellation

13 March 2009

It’s Fix the Tax Code Friday! This week, I’ve been fielding a number of questions about forms 1099-C (debt cancellation). Under the Mortgage Forgiveness Debt Relief Act of 2007, qualified taxpayers receive an an exclusion up to $2 million (or $1 million MFS) of debt forgiveness on a principal residence if a home has gone [...]

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Ask the taxgirl: Foster Child

13 March 2009

Taxpayer asks: Can I claim my foster child as a dependent? Taxgirl says: Yes, assuming that your foster child meets all of the other dependent criteria. Keep in mind that, according to the IRS, a child is considered to be a foster child so long as he or she has “been placed with you by [...]

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Ask the taxgirl: Forgotten Dependent

11 March 2009

Taxpayer asks: Hi taxgirl! My daughter was born in 2008 and we sort of forgot to claim her. Call it mommy-brain… anyway, is it worth refiling? We are married, filing jointly, have one additional (claimed) child, and made about 325K in 2008. Thanks! Taxgirl says: As a mother of three young kids who has found [...]

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Ask the taxgirl: Dependent Turns 17, Now What?

6 November 2008

Taxpayer asks: I have a question.. when I filed my taxes in february of this year I had 2 dependant one was 3 and the other one was 17 he turned 17 on december 23rd of 2007 when I filed in feb 2008 they did not give me the tax credit for him they said [...]

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