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Posted by Bob on April 9, 2007, 2:32 am
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> 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.
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Posted by Benjamin Yazersky CPA on April 9, 2007, 2:32 am
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> 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. >>
<< ======================================================= >>
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Posted by Bill on April 9, 2007, 2:32 am
Please log in for more thread options Slain.k@gmail.com (Slain) posted:
> 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. >>
<< ======================================================= >>
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Posted by Herb Smith on April 9, 2007, 2:32 am
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> 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.
> Can he file taxes even though he is a dependent?
Yes
> 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. >>
<< ======================================================= >>
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