If a child lives with each parent separately for different portions of the year, the parent with whom the child lives for the longer period of time during the year should claim the child as a dependent. This parent is the custodial parent. The noncustodial parent may not claim the child ...
P.S. The article also cites thebogus estimate of a $1 trillion tax gap. If theEconomistnow is in the business of uncritically regurgitating make-believe numbers, I’m also willing to play that game. I encourage that magazine’s reporters to call me and I’ll blindly claim that all t...
addresses, and phone numbers of any advisers or tax preparers who helped with the claim, as well as details about the services provided. I’m hoping that this will cause some of
If you have a simple Form 1040 return only (no forms or schedules except as needed to claim the Earned Income Tax Credit, Child Tax Credit or student loan interest), you can file for free yourself with TurboTax Free Edition, or you can file with TurboTax Live Assisted Basic at the l...
even if they don’t meet the strict dependency test outlined in Code 152. For example, parents of college students may be able to claim their child as a dependent even if the child provides more than half of their own support, as long as the parents are still providing financial aid acco...
The TCJA created a higherstandard deduction, removed many deductions in order to make deductions generally easier for common taxpayers to claim, and simplified many aspects of the U.S. Tax Code. This allowed the lower and middle class to take advantage or moretax breakswithout needing to have ...
What Filing Status Should I Use for My State Taxes? Generally, taxpayers will claim the same filing status on their federal and state returns when they file. Sincestate tax returnsare primarily based on a federal return, this filing status is selected by default on eFile.com and most taxpayer...
The agency's employees make a calculated, arbitrary and erroneous claim against targeted beneficiaries and trustee/agents of the Irrevocable Trusts (actually all trusts' assets belong to the beneficiaries of the trusts), resulting in a filing of an unlawful Notice of Federal Tax Lien (NFTLs) ...