well I'm 20 and last year i did my taxes for the first time. I guess i didn't do a good job and i forgot to print a double for me.So now my parents just got a letter in the mail. it says something about "we recieved a tax return from the dependent that you listed on your taxes who also claims to be dependent"(something like that) and theres a paper on there to fix it. so now my parents don't really know what to do and told me to fix it.
But i don't have a clue on how!
I don't know for sure if my taxes said for sure since i don't have a copy... and i didn't recieve a letter ..my parents did because both of ours cancels each others out!
well..um i hope i made any sense..i'm a bit freaked because this is all new to me. so i hope somebody can give me a hand!
2007-12-06 12:22:41 · 7 answers · asked by Daisy 2 in Business & Finance ➔ Taxes ➔ United States
sorry about not being able to update the exact information on the letter. My dad took it with him when he went to visit his family for a week. sorry if i'm hard to understand but i appreciate the answers that i've been given so far! thanks
2007-12-07 12:31:29 · update #1
call h&r block, they should be able to give you some advice.
2007-12-06 12:31:29 · answer #1 · answered by Anonymous · 1⤊ 1⤋
Do not worry too much! The IRS knows who you are since you are only 20 years old and not hiding a million dollars additional income. You just made a mistake right?, that is why, there is something called an "Amended Return". But you should learn something from this (Hint: do not mess up with the?). You can your file an amended return within 2 years since your tax payment date or within 3 years of tax due date whichever is later. Anyway you need go to the H&R Block or any simular tax organization at nearby and explain them your situation, they should be able to help you. The bottom line is this is not the end of the world! But fix it when it is not big and not late! Good Luck!
2007-12-06 22:53:42 · answer #2 · answered by Q 3 · 0⤊ 1⤋
Sounds like maybe you claimed yourself, and your parents also claimed you. If you still have the software on your computer you could print a copy now, but if not then you can get a transcript from the IRS of your return.
If your parents just got the letter in the last day or two, you might have one coming but it's just still in the mail. If you can get a copy of the letter, please update here EXACTLY what it says rather than "something like that".
Were you a full-time student for some part of at least five months of 2006? If you weren't, your parents can't claim you and they are the ones who have to amend their return. If you were, they can most likely claim you and you'll have to amend yours. But to amend your return, you'll need to have a copy of what you sent in - a transcript will be sufficient. To get one see http://www.irs.gov/taxtopics/tc156.html
Don't get freaked out - this isn't disaster. But whoever has to amend their return will probably have to pay back some tax money
2007-12-06 21:01:49 · answer #3 · answered by Judy 7 · 1⤊ 0⤋
FIrst figure out on which return you were supposed to be
This is probably your parent's return, but we can't be sure based on the limited facts you've given. If it is your tax return that is incorrect, you need to amend it to take off your exemption. (Depending on the rest of your income, you could owe $0, $330, $495, etc back to the IRS (plus penalties and interest).
To find out the contents of your tax return, call 1-800-829-1040 and state that you need help with an amended return. They can look up your account, confirm that you were the duplicate use of the SSN and whether or not you will owe anything.
2007-12-06 21:10:50 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Your parents claimed you Dependent on their tax return. On your tax return you filed as Single Non-dependent and claimed your own personal exemption of $3,300.
If you are dependent, then your status is Single Dependent. You don't get your personal exemption.
Now one of you will need to amend the tax return and pay the tax. If your parents can claim you a dependent (as per the requirements), then you can't claim your own exemption. If your parents don't meet the requirements to claim you a dependent, then they will have to file an amended return.
Also, once you or your parents file the amended federal return, make sure to file amended state tax return also (if your state has income tax). If you don't do this, you will, for sure, get a letter from the state.
2007-12-07 02:02:52 · answer #5 · answered by MukatA 6 · 0⤊ 0⤋
You were claimed as a dependent on your parents income tax return, so when you filed your tax return you claimed yourself again, I am sure IRS sent you forms to change your income tax and not claim yourself, hopefully your parents did not claim your income also, because if they did then you didn't have to file a return.
Call IRS 1-800-829-1040 or the phone number provided in your letter to get an answer to your question.
Good luck, if you received a refund on your tax return you will have to pay the difference.
2007-12-06 20:43:55 · answer #6 · answered by Ms. Angel.. 7 · 0⤊ 2⤋
Well your parents are going to have to pay more taxes. Since you must not be living in the same house hold.and are not a minor. There's no way around it or they will put a lien on your parents house. However you get to keep you return. That's why they didn't contact you. Its out of your control.
2007-12-06 22:00:17 · answer #7 · answered by Robertus911 3 · 0⤊ 1⤋