dependents
My Wife Collects Social Security. Can I Claim Her as a Dependent?
Just the other day, I was having a conversation with a client when he brought up the subject of Social Security and how it is taxed. After discussing the fact that at his income level he would have to pay … read more
IRS Reminds Parents of Ten Tax Benefits
Your kids can be helpful all year round – doing chores such as making their beds and washing dishes. They can also be helpful at tax time. That does not mean that they can sort your charitable receipts – though … read more
Six Important Facts about Dependents and Exemptions
Even though each individual tax return is different, some tax rules affect every person who may have to file a federal income tax return. These rules include dependents and exemptions. The IRS has six important facts about dependents and exemptions … read more
Six Things the IRS Wants You to Know About Medical Expenses
I recently spent an afternoon in the emergency room with my youngest son, who had an allergic reaction to penicillin. He swelled up like a little balloon and turned a lovely shade of purple with red blotches. I was handling … read more
Can I Claim My Parents as Dependents?
These days it is not uncommon for people to be looking after or taking care of their parents or other aging adults. However, did you know that there are tax laws that can offer some help if you meet certain … read more
VITA – Let's Work with the Software
In the continuing saga of teaching the VITA class, Andrea taught the second session without me, as I had a conflict. After some feedback, we rearranged our syllabus a bit, in order to work in some computer entry for the … read more
Year-End Payroll Processing Reminders
It’s that time of year again; time to start preparing for year-end payroll processing. The filing deadline for 2010 Forms 940, 943, 944, 945, and fourth quarter 2010 Form 941 is January 31, 2011. W-2s and 1099 forms must be … read more
Dependents – Who Gets to Claim the Kids after a Divorce?
Are you divorced? Does your divorce decree state that you may claim your children as dependents in the odd years while your ex-spouse gets to claim them in the even years? Then why were you unable to claim the children … read more
Important Facts about Dependents and Exemptions
Year after year nearly all of us go through the process of filing a Tax Return. For some it can raise questions about whether they are a dependent or not? And then there are other questions about exemptions and filing … read more