Discussion:Dependency exemption and credits for a child with survivor benefits
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| Revision as of 07:36, 24 January 2008 Tfortaxes@msn.com (Talk | contribs) (No, give her hea) ← Previous diff |
Revision as of 07:54, 24 January 2008 Ucimnemc (Talk | contribs) (Tfortaxes: isn't) Next diff → |
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| {{ForumReplyPost|UserID=Tfortaxes@msn.com|Date=24 January 2008|Text=No, give her head of household and all the other bells and whistles. The child income would only be figured if you were in a support dispute with the ex. YOur job is to give the client the biggest refund possible or to pay the least amount possible using the rules and regs as you understand them. Give her the dough, Joe.......}} | {{ForumReplyPost|UserID=Tfortaxes@msn.com|Date=24 January 2008|Text=No, give her head of household and all the other bells and whistles. The child income would only be figured if you were in a support dispute with the ex. YOur job is to give the client the biggest refund possible or to pay the least amount possible using the rules and regs as you understand them. Give her the dough, Joe.......}} | ||
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| + | {{ForumReplyPost|UserID=Ucimnemc|Date=24 January 2008|Text=Tfortaxes: isn't the support test outside of the test for QC of more than one person? And as such, wouldn't it be rather hard to prove if audited that in a housold with a total income of $34,000, more than $20,000 was required to support the 10-year-old? }} | ||
Revision as of 07:54, 24 January 2008
Discussion Forum Index --> Basic Tax Questions --> Dependency exemption and credits for a child with survivor benefits
Discussion Forum Index --> Tax Questions --> Dependency exemption and credits for a child with survivor benefits
| 24 January 2008 | |
| A client showed up claiming a household of herself and her 10-year-old child. She has both wages ($14,000) and SS Survivor Benefits ($10,000). The child has SS Survivor Benefits as well ($10,000), all of which went into the household budget. She wanted to claim the dependency exemption, dependent care credit, and EIC for the child. Should the survivor benefits be calculated as the child's own funds available for his own support (which would disallow the dependency exemption and dependent care credit because of the support test), or are they considered as "third party" payments like SSI? They wanted to use the "third party" payment approach but I wasn't comfortable with that. I showed her the Pub 17, but she insisted that it had been done that way in previous years. Am I missing something here? I found some other threads that came close to this but I didn't see anything that addressed the "third party" payment issue. | |
Tfortaxes@msn.com (talk|edits) said: | 24 January 2008 |
| No, give her head of household and all the other bells and whistles. The child income would only be figured if you were in a support dispute with the ex. YOur job is to give the client the biggest refund possible or to pay the least amount possible using the rules and regs as you understand them. Give her the dough, Joe....... | |
| 24 January 2008 | |
| Tfortaxes: isn't the support test outside of the test for QC of more than one person? And as such, wouldn't it be rather hard to prove if audited that in a housold with a total income of $34,000, more than $20,000 was required to support the 10-year-old? | |
