Tax Audit Rules
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Question: I am dependent upon my mom for support but she can not claim me as dependent?
I am dependent on my mom for support but according to new rules she cannot(and hasn’t this year and last) claimed me as dependent. I don’t file taxes because I don’t earn enough(only minimal amount of unearned income). Am I likely to be audited because of this? My status hasn’t changed in real life, but I can no longer be claimed as dependent(even though I am).
Answer: If your income is below the filing requirement amount you won’t be audited for not filing. If you earned less than $3,300 you probalby CAN be claimed by your mother.
Liberty Tax Service Launches Nationwide Search to Find America’s Next Lady Liberty
Liberty Tax Service, the fastest-growing international tax preparation firm in the world, today launched a search to find the company’s official spokesperson. Applications for America’s Next Lady Liberty will be accepted starting today and will close, appropriately, on Tax Day, April 15, 2010.
SEMINAR ON TAX AUDIT FRAMEWORK Part-5