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  #12  
Old 04-09-2007, 06:32 AM
Herb Smith
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Default Re: Dependent's tax return

"Slain" <Slai...[at]gmail.com> wrote:

- quote -

> I claimed my son as a dependent on this year's tax return.
> he worked over the summer last year and earned about
> $2500.00. He paid taxes and I think he can file for a return
> on his taxes.


You have provided no information to indicate that he
qualifies to be your dependent, such as age, residency,
student status. Provided that you meet those qualifiers, his
earnings should have no effect. Yes, if he had money
withheld from his wages he should file a "dependent" return
to get a refund.

- quote -

> Can he file taxes even though he is a dependent?

Yes

- quote -

> If Yes, would it in anyway affect my tax return?

No

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
  #11  
Old 04-09-2007, 06:32 AM
Benjamin Yazersky CPA
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Default Re: Dependent's tax return

"Slain" <Slain.k[at]gmail.com> wrote:

- quote -

> I claimed my son as a dependent on this year's tax return.
> he worked over the summer last year and earned about
> $2500.00. He paid taxes and I think he can file for a return
> on his taxes.
> Can he file taxes even though he is a dependent? If Yes,
> would it in anyway affect my tax return?


If your son had Federal or state taxes withheld from the
job, should definately file even if there is no tax due.
Depending on your son's age & any other income, there could
be other issues such as the kiddee tax.

___________________________________
<<< Benjamin Yazersky, CPA [NJ & NY] > > -----> real address on hobokeni or hobokenx <-----

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
  #10  
Old 04-09-2007, 06:32 AM
Bill
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Posts: n/a
Default Re: Dependent's tax return

Slain.k[at]gmail.com (Slain) posted:

- quote -

> I claimed my son as a dependent on this
> year's tax return. he worked over the summer
> last year and earned about $2500.00. He paid
> taxes and I think he can file for a return on his
> taxes.
> Can he file taxes even though he is a
> dependent? If Yes, would it in anyway affect
> my tax return?


Yes, he can certainly file a tax return -- even though he
has been claimed as a dependent. Indeed, he _ought_ to do
so, in order to recover any tax withheld. You don't mention
his age, but I presume you're claiming him because he is
either under age 19 or under age 24 and a student, and
living with you (even though he may attend school
elsewhere).

When he files, he should be careful to enter -0- in the area
for claiming exemptions. If he's using software, usually
there will be a prompt to the effect, "Can you be claimed as
a dependent by another person?" ... which is where he should
answer, "Yes." This will remove the personal exemption
claim for himself.

He will still be entitled to the standard deduction ($5,150
for 2006), which is more than enough to reduce his income
below taxable level.

So long as he is careful not to claim his personal
exemption, it will not affect your return. (If he claimed
himself, it would result in rejection of an e-filing, since
you already claimed him ... and if he filed on paper, it
would cause IRS to initiate an investigation to determine
which return was correct.)

Bill

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
  #9  
Old 04-09-2007, 06:32 AM
Bob
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Posts: n/a
Default Re: Dependent's tax return

"Slain" <Slai...[at]gmail.com> wrote:

- quote -

> I claimed my son as a dependent on this year's tax return.
> he worked over the summer last year and earned about
> $2500.00. He paid taxes and I think he can file for a return
> on his taxes.
> Can he file taxes even though he is a dependent? If Yes,
> would it in anyway affect my tax return?


Yes, your son can ( and probably should if he has any money
withheld ) file his taxes. It shouldn't affect your return
unless he is over the age of 18 and not a student.

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
  #8  
Old 04-09-2007, 06:32 AM
Bill Brown
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Posts: n/a
Default Re: Dependent's tax return

"Slain" <Slai...[at]gmail.com> wrote:

- quote -

> I claimed my son as a dependent on this year's tax return.
> he worked over the summer last year and earned about
> $2500.00. He paid taxes and I think he can file for a return
> on his taxes.


If he wants a refund of withheld income taxes he has to file a return.
He will have a standard deduction of his earned income + $300 (or so?
- it's in the 1040 instructions). He would not get a personal
exemption because he is your dependent. Based on the facts you present
he should get a full refund of withheld income taxes.

- quote -

> Can he file taxes even though he is a dependent? If Yes,
> would it in anyway affect my tax return?


Yes and No.

<< ================================================== ===== > << The foregoing was not intended or written to be used, > <`< nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
  #7  
Old 04-09-2007, 06:32 AM
Bob
Guest
 
Posts: n/a
Default Re: Dependent's tax return

"Slain" <Slai...[at]gmail.com> wrote:

- quote -

> I claimed my son as a dependent on this year's tax return.
> he worked over the summer last year and earned about
> $2500.00. He paid taxes and I think he can file for a return
> on his taxes.
> Can he file taxes even though he is a dependent? If Yes,
> would it in anyway affect my tax return?


Yes, your son can ( and probably should if he has any money
withheld ) file his taxes. It shouldn't affect your return
unless he is over the age of 18 and not a student.

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
  #6  
Old 04-09-2007, 06:32 AM
John D. Goulden
Guest
 
Posts: n/a
Default Re: Dependent's tax return

- quote -

> I claimed my son as a dependent on this year's tax return.
> he worked over the summer last year and earned about
> $2500.00. He paid taxes and I think he can file for a return
> on his taxes.
> Can he file taxes even though he is a dependent? If Yes,
> would it in anyway affect my tax return?


Sure he can, and with that low an income he'll get back all
of his federal withholding. Just make sure HE doesn't claim
himself as well (that is, he should claim zero exemptions).

--
John D. Goulden

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
  #5  
Old 04-09-2007, 06:32 AM
Bob Sandler
Guest
 
Posts: n/a
Default Re: Dependent's tax return

- quote -

> I claimed my son as a dependent on this year's tax return.
> he worked over the summer last year and earned about
> $2500.00. He paid taxes and I think he can file for a return
> on his taxes.
> Can he file taxes even though he is a dependent? If Yes,
> would it in anyway affect my tax return?


He can, and should, file a tax RETURN to get a REFUND of the
tax that was withheld from his pay. He can file even though
he is a dependent, but he cannot claim a personal exemption
for himself. His filing will not affect the tax RETURN that
you file, nor will it affect the REFUND that you get.

Bob Sandler

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
  #4  
Old 04-09-2007, 06:32 AM
A.G. Kalman
Guest
 
Posts: n/a
Default Re: Dependent's tax return

Slain wrote:

- quote -

> I claimed my son as a dependent on this year's tax return.
> he worked over the summer last year and earned about
> $2500.00. He paid taxes and I think he can file for a return
> on his taxes.
> Can he file taxes even though he is a dependent? If Yes,
> would it in anyway affect my tax return?


He should file to obtain a refund of taxes withheld from his
pay. It does not impact your taxes. When he files he should
make sure that he does not claim his own personal exemption
as you have already claimed him as your dependent.

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
  #3  
Old 04-09-2007, 06:32 AM
Rich Carreiro
Guest
 
Posts: n/a
Default Re: Dependent's tax return

"Slain" <Slain.k[at]gmail.com> writes:

- quote -

> I claimed my son as a dependent on this year's tax return.
> he worked over the summer last year and earned about
> $2500.00. He paid taxes and I think he can file for a return
> on his taxes.
> Can he file taxes even though he is a dependent?


Yes. Dependents can always file their own returns.

- quote -

> If Yes, would it in anyway affect my tax return?

No, it would not. However, if he had investment income,
*your* return may affect *his*.

--
Rich Carreiro rlcarr[at]animato.arlington.ma.us

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
  #2  
Old 04-09-2007, 06:13 AM
brownie
Guest
 
Posts: n/a
Default Re: Dependent's tax return

"Slain" <Slai...[at]gmail.com> wrote:

- quote -

> I claimed my son as a dependent on this year's tax return.
> he worked over the summer last year and earned about
> $2500.00. He paid taxes and I think he can file for a return
> on his taxes.
> Can he file taxes even though he is a dependent? If Yes,
> would it in anyway affect my tax return?


Assuming your son qualified to be your dependent, yes he can
file a tax return to get back his withholding. His standard
deduction is his earned income (about $2500 per above) plus
$300 so he won't have a tax liability and will get all the
withheld taxes back. File a 1040-EZ. This won't affect your
return.

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
  #1  
Old 04-09-2007, 06:13 AM
Phil Marti
Guest
 
Posts: n/a
Default Re: Dependent's tax return

"Slain" <Slain.k[at]gmail.com> wrote:

- quote -

> I claimed my son as a dependent on this year's tax return.
> he worked over the summer last year and earned about
> $2500.00. He paid taxes and I think he can file for a return
> on his taxes.
> Can he file taxes even though he is a dependent? If Yes,
> would it in anyway affect my tax return?


He files his own return indicating that he is a dependent.
He doesn't get a personal exemption, but he does get the
standard deduction as calculated for dependents. If that
was his only income he'll get a refund of everything
withheld for Federal income tax.

--
Phil Marti
Clarksburg, MD

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
 
Old 04-09-2007, 06:13 AM
Frederick Lorca
Guest
 
Posts: n/a
Default Re: Dependent's tax return

- quote -

> I claimed my son as a dependent on this year's tax return.
> He worked over the summer last year and earned about
> $2,500.00. He paid taxes and I think he can file for a return
> on his taxes.
> Can he file taxes even though he is a dependent? If yes,
> would it in anyway affect my tax return?


Yes, he can and should file and no, your return is not
affected in any way. Although it doesn't appear that he is
required to file, he can and should file to claim a refund
of any income tax withheld. He won't be eligible to claim
his own personal exemption but at his income level it won't
make any difference. If, in addition to his wages, he has
less than $300 of investment income, he is eligible for a
full refund all income tax withheld.

Encourage him to e-file his return through the IRS-sponsored
FreeFile program. There are numerous participating tax
software companies from which he can choose. I filed my
son's return using H & R Block FreeFile. The HRB online
filing website is nicely organized and user-friendly. If he
signs the return electronically, there is no paperwork
whatsoever to send to IRS. And if your son has a checking or
savings account, he can ask to have his refund direct
deposited, which usually takes about 10 days following IRS
acceptance of the return.

http://www.irs.gov/efile/article/0,,id=118986,00.html

Frederick Lorca

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
  #-1  
Old 04-05-2007, 05:49 AM
Slain
Guest
 
Posts: n/a
Default Dependent's tax return

I claimed my son as a dependent on this year's tax return.
he worked over the summer last year and earned about
$2500.00. He paid taxes and I think he can file for a return
on his taxes.

Can he file taxes even though he is a dependent? If Yes,
would it in anyway affect my tax return?

Thanks

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
 

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