03-22-2008, 09:10 AM
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 Re: Stimulus Payment for Teenager - quote - > I have a son who is now 13 years old. For tax year and prior, I filed a
If your son is claimed or can be claimed as a dependent on your return, he> form 1040A for him as he had investment income. That changed during 2004 > and there has been no need to file a tax return for him ever since as he > no longer has investment income. > Today I received a blank Form 1040A in an evenlope marked "STIMULUS > PAYMENT" with a notice to file this and mark STIMULUS PAYMENT on it. > First of all, does my kid qualify for the bucks? Our (wife and I) taxable > income is over $200,000. Certainly WE don't qualify. Second of all, if > he DOES qualify, do I just send a form 1040A in with his name and address > and SS number and no other data? is ineligible for a stimulus payment. And even if the dependency disqualification doesn't apply, he apparently does not have sufficient qualifying income. Condor -- << ------------------------------------------------------- > << 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. > << ------------------------------------------------------- > |
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#-1
03-21-2008, 06:51 PM
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| Stimulus Payment for Teenager I have a son who is now 13 years old. For tax year and prior, I filed a form 1040A for him as he had investment income. That changed during 2004 and there has been no need to file a tax return for him ever since as he no longer has investment income. Today I received a blank Form 1040A in an evenlope marked "STIMULUS PAYMENT" with a notice to file this and mark STIMULUS PAYMENT on it. HUH??????????? First of all, does my kid qualify for the bucks? Our (wife and I)taxable income is over $200,000. Certainly WE don't qualify. Second of all, if he DOES qualify, do I just send a form 1040A in with his name and address and SS number and no other data? A little more info on this is appreciated. -- << ------------------------------------------------------- > << 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. > << ------------------------------------------------------- > |
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| payment, stimulus, teenager |
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