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Posted by Condor on March 22, 2008, 6:10 am
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> 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.
> 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?
If your son is claimed or can be claimed as a dependent on your return, he
is ineligible for a stimulus payment.
And even if the dependency disqualification doesn't apply, he apparently
does not have sufficient qualifying income.
Condor
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