The IRS Audit Blog

Posts Tagged ‘irs dependant’

Question: The w4 form?

http://www.irs.gov/pub/irs-pdf/fw4.pdf#s…

i got my first job this month. When i filled out the form oct 6, I put “EXEMPT” on line 7, now i’m worried,
-should I have left it blank? Will i get in trouble with the IRS?

i’m single
live with parents
i have no kids
mom claims me as a dependant
I will be make like a total of $1,500 this year.

-if i get a 2nd job november how would i fill out the w4 form for the second job?
and will i have to change the info on the FIRST job’s w4 form?

Answer: if you want to change it, you can fill out another form. it’s not a big problem. so change it if it’ll make you feel better. the only thing that I can read from it is that the government won’t take any money out per paycheck, but come tax time when they do their accounting, they will make you pay back the taxes that you owe if in fact you do owe money. so if you don’t want to end up paying a big chunk of change by tax time, it’s best to change your status.

Tax Tips & Advice : How to Meet the IRS Definition of a Dependent

Question: Why do people keep giving wrong tax advise that will hurt people?

I have come across numerous questions that have to do with tax law. People give answers/advise where they say “I know for a fact that…. because I did it.” Hwever the advise they give is so wrong and illegal. For example, “MD” just told someone that they can claim their fiance as a dependant becasue she supported him. WRONG! If the person follows that advise they will be in deep trouble with the IRS and “MD” is in trouble if she did this.

I am worried that people fill follow this bad info and get hurt. Should I just stop correcting people and think, they are stupud to listen to these people?

Answer: You need to voice your opinion,and, the tax filers need to go to the pros for answers, so that the ill advice they are given doesn’t come back and bite them in the ass.

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1. Copies of Tax Transcripts or Tax Returns. The Bankruptcy Code requires that everyone who files a bankruptcy must present evidence that they have filed tax returns for the most current year and the three years immediately preceding.

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