I'm looking at a smaller refund than usual this year. My best friend is expecting a nice refund on his own, though.
I've heard of other people claiming other's kids to get a larger refund.
Is this possible???
Couldn't we get in trouble for even considering this???
2007-02-04 16:29:49 · 7 answers · asked by silent 1 in Business & Finance ➔ Taxes ➔ United States
You don't get into trouble for considering things. But yes, if you actually DO it, then you're both filing fraudulent returns and can definitely both get in trouble.
2007-02-04 16:35:53 · answer #1 · answered by Judy 7 · 2⤊ 0⤋
You can't get in trouble for thinking about murder, it's only illegal once you try to put the plan into action.
How does jail time for tax fraud sound? With your kids going to the other parent or into foster care. Not so keen, huh? Good!
If your friend is getting a nice fat refund, he's just a dummy for giving the government a nice tasty INTEREST FREE LOAN for a year. If you want to join him in Dummy Town, file a new W4 with your employer and claim fewer withholding exemptions. Just keep in mind that you'll give yourself a pay cut all year for the priviledge of a bigger refund.
Sheesh!
2007-02-05 00:38:22 · answer #2 · answered by Bostonian In MO 7 · 1⤊ 0⤋
You can get into trouble for claim kids that are not yours or that you are not supporting. IRS does random checks and will ask for proof that you are supporting this child and are living with you. I have seen people use other peoples children so they can get larger refunds and when proof is need the doctor up the documents they need. If you get caught you will get fined and maybe some prison time. Especially if you claim them as your child or grandchild.
2007-02-05 00:38:57 · answer #3 · answered by somg_93 2 · 0⤊ 0⤋
first of all you have to come up with a social for this fictional kid. what are the chances you are not picking someone Else's?
anyways, you can dream, but you don't get into trouble unless you do it. are you claiming the EIC? that can get you a nice of change if you qualify.
2007-02-05 00:52:38 · answer #4 · answered by Jen 5 · 0⤊ 0⤋
only claim ur kids and dependents you might qualify for an earned income credit
2007-02-05 00:38:29 · answer #5 · answered by undercovernudist 6 · 0⤊ 0⤋
it is possible ,if the children live with them or they
suport them or a relative that lives with you
2007-02-05 10:14:27 · answer #6 · answered by jojo 3 · 0⤊ 0⤋
No. Have you heard of tax fraud?
2007-02-05 00:38:41 · answer #7 · answered by SWH 6 · 0⤊ 0⤋