2006-12-12 07:40:51 · 10 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
You need to get this cleared up with the IRS ASAP. One of you will be required to repay what you received for this child. The IRS does compound penalties and interest daily.
Also, if you received Earned Income Credit for your son, the IRS could disqualify you from being able to receive it in future years.
There are too many consequences to filing what the IRS would consider a fraudulent return.
2006-12-16 03:41:21 · answer #1 · answered by D.M. C 2 · 0⤊ 0⤋
They informed you precise, which you may could record via mail. If the courtroom order says you could declare him given which you're cutting-edge on help, you are going to lose however. To be legally worded, it order which you will declare him must be without situations. If the order ia dated after 2008, you may could comprise a style 8332 that your ex signed - if she refuses to furnish it to you, the decide can order her to and carry her in contempt of courtroom if she does not. The decide does not get to overrule the IRS. yet while the order is criminal, you would be ok. in case you win this time and she or he does an identical factor next three hundred and sixty 5 days, you will could circulate with the aid of an identical technique lower back. in case you win the exemption and newborn tax credit, you are not getting EIC or the skill to record as head of great other and young ones, those stay with the custodial parent in the event that they're eligible no matter who claims the newborn. Edit: geez, analyzing over the different solutions, you particular have a ton of incorrect ones, Bostonian as normally happening is right however.
2016-12-11 07:47:49 · answer #2 · answered by casco 4 · 0⤊ 0⤋
Not all tax returns are audited - only a fraction are. If your income was more than $100K then you would stand a higher chance of being audited - the IRS can't really afford to spend resources on all returns so it uses a cost-benefit approach which kind of eliminates lower income brackets unless your return ends up being the un/lucky one in its random audits. Best would be to correct the error asap.
2006-12-12 09:53:04 · answer #3 · answered by Jaya 1 · 0⤊ 2⤋
The same thing happen to me I was claimed twice eventually It may catch up with you but sometimes it doesn't it never caught up to my filees yet. But one year my uncle claimed me and wasen't suppose to did I report him yes did it catch up with him no. So My advice is whoever has custody or if there is joint custody and there is any court documents envolved keep them all. Just in case it comes back to haunt you.
2006-12-12 07:47:22 · answer #4 · answered by Newnae2003 1 · 0⤊ 0⤋
The have fixed that -- the income tax programs (H&R Block et al) all check it before it's filed.
Look for a correction until you hit the 7th year.. if they don't find it by then, you're in the clear.
2006-12-12 07:49:51 · answer #5 · answered by geek49203 6 · 0⤊ 0⤋
They probably didnt catch it. Don't be surprised if you get a tax bill in a year or 2. If its been 7 years Don't worry about it.
2006-12-12 07:45:59 · answer #6 · answered by John J 1 · 1⤊ 0⤋
It takes them up to 7 years to do the audits.
They will catch up to you eventually, and one of you will have to pay excessive fees and penalties.
You are better off disclosing right away.
2006-12-12 07:44:34 · answer #7 · answered by Anonymous · 2⤊ 0⤋
They probably overlooked it. IF you get audited in the future, however, it could come back to haunt you.
2006-12-12 07:43:50 · answer #8 · answered by septsecret 2 · 0⤊ 0⤋
They missed this one, if they find this mistake you will know soon enough.
2006-12-13 12:10:16 · answer #9 · answered by Anonymous · 0⤊ 0⤋
they havent caught it yet...give them time and they will
2006-12-12 11:38:16 · answer #10 · answered by charmel5496 6 · 1⤊ 0⤋