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Old 02-10-2004, 03:30 AM
Vic Dura
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Default Re: Amended Return?

- quote -

> > My 18 year old son just went online and electronically filed
> > his taxes via the H&R Block Web Site. The problem is he
> > checked box 6A (1040) claiming himself and taking the
> > standard deduction. The problem is I have declared him on
> > my return since he is and 18 year old full time college
> > student. The result of this error is his refund is $44.00
> > more than it should be. Should I file an amended return?
> > Will this trigger an audit of my return when I claim him as
> > a dependent?


> Must be a lot of that going around college dorms these days.


It all starts when one kid walks into the dorm and say "...
hey, guess what cool site if found on the 'net today..."
Within hours hundreds of parent's tax returns are
compromised.

Not only should parents talk to the kids early-on about sex
and drugs; now we need to include taxes in the discussion.

--
To reply to me directly, remove the XXX characters from my
email address.

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Old 02-06-2004, 11:14 AM
Harlan Lunsford
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Default Re: Amended Return?

JB wrote:

- quote -

> My 18 year old son just went online and electronically filed
> his taxes via the H&R Block Web Site. The problem is he
> checked box 6A (1040) claiming himself and taking the
> standard deduction. The problem is I have declared him on
> my return since he is and 18 year old full time college
> student. The result of this error is his refund is $44.00
> more than it should be. Should I file an amended return?
> Will this trigger an audit of my return when I claim him as
> a dependent?


Must be a lot of that going around college dorms these days.

In your case, since both of you have filed, see what happens
with both returns and then amend accordingly. I'm assuming
both are already in the IRS pipeline.

One of my clients was in last Saturday and she and husband
claimed their two sons, as always. The efiled return was
bounced however, since their University of Georgia freshman
son had, along with all his buddies in the dorm, filed their
returns each claiming themselves. Of course the son was in
the 10% tax bracket while parents are in 25% bracket. Plus
the fact parents paid tuition for the son. Upshot was we
went ahead and filed the return without him, but will amend
both parent's and son's return after the dust has settled.

Moral of the stories: parents? Do you know what your
children are doing online?

Cheer$,
Harlan Lunsford, EA n LA

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
  #-1  
Old 02-05-2004, 03:50 AM
JB
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Posts: n/a
Default Amended Return?

My 18 year old son just went online and electronically filed
his taxes via the H&R Block Web Site. The problem is he
checked box 6A (1040) claiming himself and taking the
standard deduction. The problem is I have declared him on
my return since he is and 18 year old full time college
student. The result of this error is his refund is $44.00
more than it should be. Should I file an amended return?
Will this trigger an audit of my return when I claim him as
a dependent?

Thanks for the help.

Regards.

Joe...

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
 

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