My son began supporting me in March 2006. Originally, his accountant told him he could claim me on his taxes as a dependent, now the accountant is saying he can't claim me because it wasn't for the entire year. Is this right? Thank you.
2007-04-02 06:50:59 · 5 answers · asked by augsksa 2 in Business & Finance ➔ Taxes ➔ United States
http://www.irs.gov/pub/irs-pdf/p17.pdf
Page 28 will give you the information you are seeking.
good luck
2007-04-02 06:57:47 · answer #1 · answered by Wood Smoke ~ Free2Bme! 6 · 2⤊ 2⤋
It's not the time, it's the amount of support.
If your gross income for the year was over $3300, he can't claim you. Gross income doesn't include non-taxable income such as social security, if yours isn't taxable.
Your son would have had to provide over half of your support for the year to claim you. While social security isn't included for the gross income test, it IS included when figuring who provided how much of your support.
An unrelated person would have to live with the person claiming them for the ENTIRE year. This doesn't apply to immediate relatives such as parents.
2007-04-02 19:18:19 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
If your son provided more than half of your total support in 2006 and you had less than $3,300 in GROSS income (NOT taxable income!) he can claim you as a dependent.
You do NOT need to live with him for him to be able to claim you as a dependent because you are in a special class of close relatives who do not need to live with the taxpayer to be claimed as a dependent.
2007-04-02 15:26:47 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 1⤋
It is not the amount of time support was provided, it is whether your son paid over half of your support. In addition, you must have less than $3,300 of taxable income (that is, subject to tax) in order to be your son's dependent.
Your son cannot file as Head of Household unless he paid over half the costs of maintaining your home that was your main home for the entire year. For example, if you moved in with your son in March, he could not file as Head of Household.
Added later: Gross income for purposes of determining whether a person is a qualifying relative is all income that is not exempt from tax. Nontaxable Social Security, for example, would not be included.
2007-04-02 14:07:32 · answer #4 · answered by ninasgramma 7 · 3⤊ 2⤋
Not exactly. If someone living with has no relationship to you, that person had to have lived with you the entire year. A parent qualifies (obviously) for the relationship test. The accountant is incorrect in saying that.
2007-04-02 14:02:33 · answer #5 · answered by Fool in the Rain 6 · 0⤊ 1⤋