She has one child, not a homeowner, not in college. Does this affect me for living with her?
2007-09-16 22:39:44 · 7 answers · asked by Sa 2 in Business & Finance ➔ Taxes ➔ United States
With one child, if she can claim the child as a dependent and he or she is under age 17, she'd get an exemption for the child, a child tax credit up to $1000, so all this might well wipe out any taxes she'd owe unless she has a reasonably high inome. And if her income is under around $32,000, with one dependent child she'd also be eligible for an earned income credit - the amount depends on income, but can be as much as $2747. If you qualify for EIC you get it whether you had anything withheld or not
So depending on her total income and the child's circumstances, she might well have gotten that much back legally, and wouldn't need a tax "expert" to get it, these are all very standard things that any tax preparer, or something like TurboTax, would handle. The reason she could have gotten that much is because of the dependent child.
And no, her tax return has nothing to do with you and doesn't affect you in any way.
2007-09-17 04:20:02 · answer #1 · answered by Judy 7 · 2⤊ 0⤋
If she has a low income and a child, the number of allowances she claimed doesn't matter, since she owes no tax. The EIC can easily exceed $2,000 for one child.
2007-09-17 08:35:56 · answer #2 · answered by ninasgramma 7 · 2⤊ 0⤋
Doesn't affect you at all. Doesn't sound like anything illegal happened. She probably doesn't make much money, and being a single parent, she probably filed HOH (Head of Household) and qualified for the EIC (Eearned income credit).
2007-09-17 12:31:40 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Tell your roommate that by claiming ten exemptions, the IRS was or will be automatically inform. I am quite sure that the IRS will be contacting your roommate for an audit. Your roommate may have done something illegal. Oh by the way the so called tax expert can expect some trouble as well.
2007-09-17 08:15:41 · answer #4 · answered by Gary 5 · 0⤊ 4⤋
Nope, none of your business. If she did something illegal, you are in no way affected. Except for the fact that she should be turned in. If you have actual proof she broke the laws you can send it in to the IRS or contact them anonymously, but other than that, if you want to keep your roommate, don't say anything to her about her taxes.
2007-09-17 05:49:14 · answer #5 · answered by James Watkin 7 · 0⤊ 2⤋
She probably qualified for the EIC.
Has no affect on you. Wouldn't have any affect on you even if she did cheat, which she probably did not.
Don't waste your time "turning her in" unless you have actual hard evidence of tax fraud. You probably don't, by the way, unless you are intimately aware of her total finances. If she qualified for the Earned Income Credit, that would explain it all quite succinctly.
2007-09-17 05:51:39 · answer #6 · answered by Bostonian In MO 7 · 4⤊ 1⤋
none. the tax expert told her a load of garage and she believe him. so pay no mind. take care
2007-09-17 05:46:52 · answer #7 · answered by just hanging around 5 · 0⤊ 4⤋