"George Anthony" wrote:

- quote -

Indeed it requires closer scrutiny. Someone's going to have to sit down and
calculate the child's total support and the amount of that provided by the
child. It appears that the child provided $19,605 for his support. What we
don't know is the total cost of his support.

--
Phil Marti
Clarksburg, MD

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George Anthony wrote:
- quote -

I.e., he is not providing more than half of his own support. In
most cases, it is probably true that if a child does not pay rent
or contribute to household expenses, those costs typically are
more than half the total support. All that being said, under the
circumstances you present, it is possible that the child is
self-supporting even if he didn't pay rent or contribute to the
household and therefore would not be a 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 (2007) - All rights reserved. > << ------------------------------------------------------- >

A person want to claim her son as a dependent. He is a 22yr old college
student that lives at home and has an AGI of $24,605. The parents have an
AGI of $111,000 and have another son living at home. Qualified college
expense was $5,500 for 2007. The son in question has saved $5,000 of his
earnings and spent the rest on various things such as some of the tuition, a
car, boat, computer, etc. The parent said she called IRS and was told that
if the child did not pay rent or contribute to the household expenses he
could be claimed as a dependent and it didn't make any difference what he
made. It seems they are ignoring the 1/2 of of the childs support rule!!
Has anyone else run into this situation??


--
Thank you,
George L. Anthony
Anthony's Income Tax Service
1602 Killian Avenue
Johnstown, PA 15909-1220
(814) 322-4740
geoanthony[at]atlanticbb.net

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >