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#6
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| "akalka" <kalka_a[at]yahoo.com> wrote - quote - > Me and my son lived with a relative in for the full year of
Only one person can claim EIC, and I would think it would be> 2001. i paid half the rent, food, etc. both of our names > were on the lease. They claimed him for the eic and already > received the credit, but I also provided at least half of > the support and I made less then $20,000 that year, what > will happen when I submit my 2001 taxes? I've yet to do > this. you based on what you say. - quote - > I believe I claimed 3 exemptions on my w-2 for that year. I
There is just too little information to know.> always get a refund, but I dont know now that someone else > has claimed him. What if I owe? How harsh with the > penalties and fines be? Will I be able to avoid owing if > file a different form, 1040ez or 1040. I always have filed > 1040a. > Is there a way to still receive a refund? - quote - > If I claim him for 2001 filing year, will the person who
Well, don't go to that H&R person, because they are wrong.> claimed him get penalized and to what extent? The person > she worked with from h&r block told her that both of us > could claim him for the eic. Or better yet, go to them and when they say they can't, threaten to sue them (and use the words "BIG TIME" in as loud a voice as possible.) -- Paul Thomas, CPA paulthomascpapc[at]bellsouth.net << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#5
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| akalka wrote: - quote - > Me and my son lived with a relative in for the full year of
You only have three years to claim a refund. This time has> 2001. i paid half the rent, food, etc. both of our names > were on the lease. They claimed him for the eic and already > received the credit, but I also provided at least half of > the support and I made less then $20,000 that year, what > will happen when I submit my 2001 taxes? I've yet to do > this. > I believe I claimed 3 exemptions on my w-2 for that year. I > always get a refund, but I dont know now that someone else > has claimed him. What if I owe? How harsh with the > penalties and fines be? Will I be able to avoid owing if > file a different form, 1040ez or 1040. I always have filed > 1040a. > Is there a way to still receive a refund? > If I claim him for 2001 filing year, will the person who > claimed him get penalized and to what extent? The person > she worked with from h&r block told her that both of us > could claim him for the eic. passed. If you file for 2001 the IRS will keep your refund. Missy Doyle << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#4
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| You can file amended tax return(Form 1040 ATR), Only one taxpayer can claim for Kid as EIC. Forms does not matter in this regard, you can file either depending on your status. 1040ez, 1040a, or 1040 Fahad Naroo CMA << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#3
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| akalka wrote: - quote - > Me and my son lived with a relative in for the full year of
Unless that relative was your child's grandparent it is> 2001. i paid half the rent, food, etc. both of our names > were on the lease. They claimed him for the eic and already > received the credit, but I also provided at least half of > the support and I made less then $20,000 that year, what > will happen when I submit my 2001 taxes? I've yet to do > this. > I believe I claimed 3 exemptions on my w-2 for that year. I > always get a refund, but I dont know now that someone else > has claimed him. What if I owe? How harsh with the > penalties and fines be? Will I be able to avoid owing if > file a different form, 1040ez or 1040. I always have filed > 1040a. > Is there a way to still receive a refund? > If I claim him for 2001 filing year, will the person who > claimed him get penalized and to what extent? The person > she worked with from h&r block told her that both of us > could claim him for the eic. highly likely that your child could not have been the qualifying child to the relative for purposes of the EIC. In 2001, the child would have had to be a son, daughter, stepchild, foster child, adopted child, grandchild, brother, sister, stepbrother or stepsister. The last 4 relatives would have also required that the relative treat the child as if the child was their own child. All of the above is probably moot anyway as 2001 is a closed year for refunds. Any refund for 2001 should have been filed by 4/15/05. << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#2
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| "akalka" <kalka_a[at]yahoo.com> wrote: - quote - > Me and my son lived with a relative in for the full year of
You'll pay interest going back to the original due date,> 2001. i paid half the rent, food, etc. both of our names > were on the lease. They claimed him for the eic and already > received the credit, but I also provided at least half of > the support and I made less then $20,000 that year, what > will happen when I submit my 2001 taxes? I've yet to do > this. > I believe I claimed 3 exemptions on my w-2 for that year. I > always get a refund, but I dont know now that someone else > has claimed him. What if I owe? How harsh with the > penalties and fines be? plus failure to file and failure to pay penalties. At this late date, the P&I will likely far exceed the balance due. - quote - > Will I be able to avoid owing if
You're not going to get a refund for 2001 no matter what you> file a different form, 1040ez or 1040. I always have filed > 1040a. > Is there a way to still receive a refund? > If I claim him for 2001 filing year, will the person who > claimed him get penalized and to what extent? The person > she worked with from h&r block told her that both of us > could claim him for the eic. do. The statute of limitations for a refund claim expired on 15 April 2005. -- D.F. Manno dfm2a3l0t2[at]spymac.com The problem with being sure that God is on your side is that you can't change your mind, because God sure isn't going to change His. (Roger Ebert) << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#1
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| akalka wrote: - quote - > Me and my son lived with a relative in for the full year of
I'm sorry to tell you, there's no good news here;> 2001. i paid half the rent, food, etc. both of our names > were on the lease. They claimed him for the eic and already > received the credit, but I also provided at least half of > the support and I made less then $20,000 that year, what > will happen when I submit my 2001 taxes? I've yet to do > this. > I believe I claimed 3 exemptions on my w-2 for that year. I > always get a refund, but I dont know now that someone else > has claimed him. What if I owe? How harsh with the > penalties and fines be? Will I be able to avoid owing if > file a different form, 1040ez or 1040. I always have filed > 1040a. > Is there a way to still receive a refund? > If I claim him for 2001 filing year, will the person who > claimed him get penalized and to what extent? The person > she worked with from h&r block told her that both of us > could claim him for the eic. 1) There are strict tests to take the credit, a child may not be used more than once for the EIC. 2) you said it's the 2001 return. The deadline for getting a refund based on that return was 4/15/2005 or three years after the return was due. The return is still due, and if you owe anything, interest and penalties have been accruing. 3) I'm sorry H&R said otherwise. In this day and age, it's easy to find the information you need, I try to include a reference in my posts to back up my reply. A Google of EIC IRS, led me to pub 596, the IRS document regarding the EIC; http://www.irs.gov/pub/irs-pdf/p596.pdf 4) Lastly, if you always get a refund, depending how large it is you may want to recalculate your withholdings. You'd be better off upping your 401(k) deduction or other savings, and not lending the government money interest free. JOE << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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| Last date to file an amended return for a refund for 2001 was 4/15/2005. Too late now no matter what. << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#-1
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| Me and my son lived with a relative in for the full year of 2001. i paid half the rent, food, etc. both of our names were on the lease. They claimed him for the eic and already received the credit, but I also provided at least half of the support and I made less then $20,000 that year, what will happen when I submit my 2001 taxes? I've yet to do this. I believe I claimed 3 exemptions on my w-2 for that year. I always get a refund, but I dont know now that someone else has claimed him. What if I owe? How harsh with the penalties and fines be? Will I be able to avoid owing if file a different form, 1040ez or 1040. I always have filed 1040a. Is there a way to still receive a refund? If I claim him for 2001 filing year, will the person who claimed him get penalized and to what extent? The person she worked with from h&r block told her that both of us could claim him for the eic. << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| 2001, eic |
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