My credit was poor, but I have paid for everything and have proof of it- can I claim all the credits? If not, what should I do?
2006-12-19 10:43:39 · 8 answers · asked by mattysmom 1 in Business & Finance ➔ Taxes ➔ United States
You can only claim the interest and points paid on the tax. The mortgage company should send 1099 which shows the amount reported to IRS. The amount to be claimed has to match the figure on 1099. Also the name of the person and the social security number on the 1099 should match the tax form. In another word, I don't think you can claim it unless IRS agrees. I suggest you go to HR Block and consult a tax preparer. It could be as simple as writing a letter to IRS. If not, they may refer you to a tax attorney.
2006-12-19 11:02:20 · answer #1 · answered by spot 5 · 0⤊ 0⤋
If both of your names are on the title, and you paid the bills, then yes, you can claim it on your return. Since you can only claim bills that your obligated to pay, if your name isn't on the title, then no, you can't claim it.
If your name isn't on the title, go with your mom to a lawyer and see what it will take to get it put there so you can claim future expenses.
2006-12-19 12:44:36 · answer #2 · answered by Judy 7 · 1⤊ 0⤋
Is your name or your mom's name on the deed?? Who gets the tax bill? Hum, if your mom's trying to claim it on her taxes you might have an issue and may have to take her to court to get it back, but you will need proof of all your payments you made from your account or money orders...Who's name comes on the mortgage bill, is she a co-signer or is she the one with the actual loan..all of this will help answer your question more accurately..
2006-12-19 10:51:47 · answer #3 · answered by - 4 · 0⤊ 0⤋
As long as you can prove that you paid for the house, you can claim the deductions for tax purposes.
2006-12-19 10:46:17 · answer #4 · answered by Steve 6 · 0⤊ 0⤋
Be careful on this one. I'd consult a tax attorney because most mortgage companies do report the interest on tax forms. It would be reported in your mom's name, not yours. Best to consult a professional before you do this.
2006-12-19 10:52:14 · answer #5 · answered by glitterkittyy 7 · 0⤊ 0⤋
the corporate which you think of is hiring you is working some style of rip-off. the only tax type it relatively is needed whilst someone is employed is the style W-4, which does no longer value every person any money. in the event that they instructed you which you had to pay for a tax type to paintings for them, then assume (a million) in no thank you to be paid, and (2) to lose despite you pay for the tax type and fingerprint.
2016-10-15 06:39:57 · answer #6 · answered by ? 4 · 0⤊ 0⤋
claim you mom as a dependent,if she is not working.you should be able to claim the house,
2006-12-19 10:47:53 · answer #7 · answered by tysgrandma99 4 · 0⤊ 0⤋
just prove it by showing cancelled checks.
2006-12-19 10:45:02 · answer #8 · answered by Anonymous · 0⤊ 0⤋