My parents visited me in 2006 for 4 months and stayed with me. Can I claim them as dependents for my tax filing? Can I apply ITIN for them as I got W-7 signed by them? Can the trip expenses shown to IRS?
2007-02-26 16:38:21 · 7 answers · asked by AK 1 in Business & Finance ➔ Taxes ➔ United States
According to IRS rules, a dependent must have been supported all year by the taxpayer. This means that over half of their living expenses must have been paid by the taxpayer--you, in this instance. Yes, the rules do say that parents don't have to live with their kids to be claimed as dependents, but the support test must still be met in order for this claim to be valid.
Travel expenses are not a deduction or a reduction in income unless they are business-related, and even then limits apply.
2007-02-26 16:45:08 · answer #1 · answered by Anonymous · 0⤊ 1⤋
If you read the info book for ITIN's as long as they were in the USA for a certain number of days and "Lived" with you you can get an ITIN and claim just about anybody. If they are from Mexico, I would get ITIN's for the whole family and claim as many as you want since the IRS will allow you to claim persons from Mexico or Canada with ITIN's and they don't even have to be in the USA.
2007-02-27 00:03:43 · answer #2 · answered by mrfoxhorn 5 · 0⤊ 0⤋
If your parents had less than $3,300 in gross income and you provided more than half of their support you MIGHT be able to claim them as dependents.
Since they need ITINs, I can only assume that they are not US citizens. To claim them as dependents, they must live in the US, Canada or Mexico.
Trip expenses have no tax consequences.
2007-02-26 16:45:36 · answer #3 · answered by Bostonian In MO 7 · 1⤊ 0⤋
in the experience that your mum and dad declare you as a depending, you'd be ineligible for the rebate, yet you would possibly want to nevertheless earnings lower than the plan. at the same time as the rebate relies upon on your 2007 status and earnings, it truly is fairly a rebate in the route of your 2008 taxes. in accordance to the commercial Stimulus Act of 2008, taxes might want to be decrease in 2008 from 10 % to 0 % on the first $6,000 funds of taxable earnings for individual taxpayers. So once you've taxable earnings in 2008, you'll see a tax decrease once you record in 2009.
2016-10-17 09:15:49 · answer #4 · answered by lubin 4 · 0⤊ 0⤋
It looks like your best bet is to call the local 800 number listed for your area IRS. They are very friendly and answer all questions. Better to be safe then sorry. (Your parents might already claim themselve on their own filing...)
2007-02-26 16:46:24 · answer #5 · answered by Barbara 5 · 0⤊ 1⤋
How about getting real. You cannot deduct expenses for relatives that visit you.
2007-02-27 00:24:07 · answer #6 · answered by Country Boy 5 · 0⤊ 0⤋
PLEASE DON'T EVEN TRY...
2007-02-26 17:04:07 · answer #7 · answered by cork 7 · 1⤊ 0⤋