Comments on: IRS Questions – Online Now http://www.irsquestions.org/irs-questions-online-now IRS Questions and Answers. We'll lookup your IRS Tax Questions and Post Your Tax Question Answers FREE! Tue, 18 Jan 2011 20:53:07 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: angel http://www.irsquestions.org/irs-questions-online-now#comment-973 angel Tue, 18 Jan 2011 20:02:46 +0000 http://www.irsquestions.org/?p=5#comment-973 i was just wondering if my parents would be able to claim my daughter on their taxes? me and my daughter have lived with them for almost three years now and in the past i wasn't able to work due to some medical problems i had but i now go to college and still live with my parents however my babies dad has only worked two months this year, and he only gets my daughter every other weekend, and his father pays the measley 197.00 in child support for him so i was just wondering who was able to claim her on taxes the court papers don't say who gets to claim her, and i know that if her father claims her she wouldn't see any of the money it would go for his own personal needs that only benefit him and my daughter wouldn't get anything so i was wondering if he is allowed to claim her or if my parents get to claim her and i know according to h&r block whomever the child lives with is supposed to get to claim her but i guess the whole situation has me confused hope to hear back from someone thanks......

i was just wondering if my parents would be able to claim my daughter on their taxes? me and my daughter have lived with them for almost three years now and in the past i wasn’t able to work due to some medical problems i had but i now go to college and still live with my parents however my babies dad has only worked two months this year, and he only gets my daughter every other weekend, and his father pays the measley 197.00 in child support for him so i was just wondering who was able to claim her on taxes the court papers don’t say who gets to claim her, and i know that if her father claims her she wouldn’t see any of the money it would go for his own personal needs that only benefit him and my daughter wouldn’t get anything so i was wondering if he is allowed to claim her or if my parents get to claim her and i know according to h&r block whomever the child lives with is supposed to get to claim her but i guess the whole situation has me confused hope to hear back from someone thanks……

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]]> By: Ed Sannen http://www.irsquestions.org/irs-questions-online-now#comment-921 Ed Sannen Wed, 29 Dec 2010 18:50:30 +0000 http://www.irsquestions.org/?p=5#comment-921 Hi, I have a lady friend who has a 3 year old daughter that has both a Canadian and United States Citizenship. Her father who resided in the States is deceased, and her mother currently resides with her in Canada. If she is to receive a benefit from this date to her 18th birthday, based on her fathers tax contributions, will the daughter be taxed for the said benefits once she reaches age 18 and the benefit has ceased payment? Hi, I have a lady friend who has a 3 year old daughter that has both a Canadian and United States
Citizenship. Her father who resided in the States is deceased, and her mother currently resides with her in Canada. If she is to receive a benefit from this date to her 18th birthday, based on her fathers tax contributions, will the daughter be taxed for the said benefits once she reaches age 18 and the benefit has ceased payment?

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]]> By: John http://www.irsquestions.org/irs-questions-online-now#comment-872 John Wed, 03 Nov 2010 15:54:31 +0000 http://www.irsquestions.org/?p=5#comment-872 If I buy individule health insurance for myself and spouse - is the money I spent returned to me when I file my taxes?

If I buy individule health insurance for myself and spouse – is the money I spent returned to me when I file my taxes?

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]]> By: Free Tax Help – 3 Steps for Assistance from IRSQuestions.org | IRS Questions.org http://www.irsquestions.org/irs-questions-online-now#comment-308 Free Tax Help – 3 Steps for Assistance from IRSQuestions.org | IRS Questions.org Wed, 20 Jan 2010 17:29:24 +0000 http://www.irsquestions.org/?p=5#comment-308 [...] To start learning about the IRS rules start reading here  IRS Questions and Answers Online . [...] [...] To start learning about the IRS rules start reading here  IRS Questions and Answers Online . [...]

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]]> By: Elizabeth http://www.irsquestions.org/irs-questions-online-now#comment-307 Elizabeth Tue, 19 Jan 2010 08:22:58 +0000 http://www.irsquestions.org/?p=5#comment-307 I am quite worried. I moved from the US in January of 2007. I did not work at all in 2007 and in January 2008 I moved to Saudi Arabia and have been working here until now. I was under the impression that I did not have to file taxes because I did not live in the US, but now I am worried I might have needed to and I could be in trouble. Could you help me find where I might get this information. Thank you

I am quite worried. I moved from the US in January of 2007. I did not work at all in 2007 and in January 2008 I moved to Saudi Arabia and have been working here until now. I was under the impression that I did not have to file taxes because I did not live in the US, but now I am worried I might have needed to and I could be in trouble. Could you help me find where I might get this information. Thank you

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]]> By: Christine http://www.irsquestions.org/irs-questions-online-now#comment-276 Christine Tue, 22 Dec 2009 01:22:09 +0000 http://www.irsquestions.org/?p=5#comment-276 The question deals with maximum amount of retirement funds that one can deduct when switching from a salaried employee to an independent contractor during 2009. During 2009 I switched jobs. I worked from Jan 2009 to Jun 2009 as a physician for a medical school which I had deducted deducted the maximum amount for my 403b retirement account and the special 457c retirement account for education institutions. I was able to put $10,000 into my 403b account and $12,000. into the 457c account. I am 55 years old. At the end of Jun 2009 I terminated my employment with the medical school and became employed with a government hosipital as an independent contractor. I will make approxiamately $85,000. from Aug 2009 to Dec 2009. What is the maximum retirement amount that I can setup for the salary that I made as an independent contractor during 2009. The question deals with maximum amount of retirement funds that one can deduct when switching from a salaried employee to an independent contractor during 2009. During 2009 I switched jobs. I worked from Jan 2009 to Jun 2009 as a physician for a medical school which I had deducted deducted the maximum amount for my 403b retirement account and the special 457c retirement account for education institutions. I was able to put $10,000 into my 403b account and $12,000. into the 457c account. I am 55 years old. At the end of Jun 2009 I terminated my employment with the medical school and became employed with a government hosipital as an independent contractor. I will make approxiamately $85,000. from Aug 2009 to Dec 2009. What is the maximum retirement amount that I can setup for the salary that I made as an independent contractor during 2009.

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]]> By: Leslie D http://www.irsquestions.org/irs-questions-online-now#comment-109 Leslie D Mon, 23 Feb 2009 20:43:44 +0000 http://www.irsquestions.org/?p=5#comment-109 I have a 529 that I am custodian for, my daughter is the beneficiary. She is now in college and last year, we made some withdrawals where the checks were cut in my name or her name, to reimburse us for books, college expenses, etc. By doing this, we received 1099's. Do we need to claim this as income? I called the 529 fund and they said as long as we used it for college expenses, we do not, it's only necessary to do so if we used the money for anything non college related. Please advise. I have a 529 that I am custodian for, my daughter is the beneficiary. She is now in college and last year, we made some withdrawals where the checks were cut in my name or her name, to reimburse us for books, college expenses, etc. By doing this, we received 1099′s. Do we need to claim this as income? I called the 529 fund and they said as long as we used it for college expenses, we do not, it’s only necessary to do so if we used the money for anything non college related. Please advise.

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]]> By: Mr G Wright http://www.irsquestions.org/irs-questions-online-now#comment-101 Mr G Wright Sat, 21 Feb 2009 03:58:41 +0000 http://www.irsquestions.org/?p=5#comment-101 If i give my son a bonafied gift of money ,can i claim adeduction and where would i claim it ? Hidden due to low comment rating. Click here to see.

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]]> By: Don Gilchrist http://www.irsquestions.org/irs-questions-online-now#comment-98 Don Gilchrist Thu, 19 Feb 2009 18:10:53 +0000 http://www.irsquestions.org/?p=5#comment-98 A client has found out that 2005 and 2006 sub s tax returns were not filed with the IRS by mistake or error, however personal income tax filings were made for those years and the taxes were paid by the client for the Sub S Corporation. The client is a 100% shareholder of the Sub S Corp. We need to file the returns and provide evidence that they were filed but late. Can we go to the local IRS office and have them stamped recieved. A third party is requesting prompt evidence of the filing with the IRS. A client has found out that 2005 and 2006 sub s tax returns were not filed with the IRS by mistake or error, however personal income tax filings were made for those years and the taxes were paid by the client for the Sub S Corporation. The client is a 100% shareholder of the Sub S Corp. We need to file the returns and provide evidence that they were filed but late. Can we go to the local IRS office and have them stamped recieved. A third party is requesting prompt evidence of the filing with the IRS.

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]]> By: DEBBIE MERICLE http://www.irsquestions.org/irs-questions-online-now#comment-95 DEBBIE MERICLE Thu, 19 Feb 2009 04:22:05 +0000 http://www.irsquestions.org/?p=5#comment-95 IF I GIVE MY CHILD A TOTAL GIFT OF 10,000 DOLLARS THROUGH OUT THE YEAR, HOW CAN I DEDUCTED IT? (AND WHERE DO I CLAIM IT?) AND DOES THE CHILD NEED TO CLAIM THE GIFT?

IF I GIVE MY CHILD A TOTAL GIFT OF 10,000 DOLLARS THROUGH OUT THE YEAR, HOW CAN I DEDUCTED IT? (AND WHERE DO I CLAIM IT?) AND DOES THE CHILD NEED TO CLAIM THE GIFT?

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