Join the 9 million people who found a smarter way to get Expert help

Recent Earned Income Credit questions

I filed my taxes and did not meet the deadline to send in

I filed my taxes and did not meet the deadline to send in the documents requested by the IRS and now I'm hit with a penalty and was wondering if I can still send in the information to be considered for my taxes?

Read more

Mark Taylor

Certified Public Accountant

Masters

914 satisfied customers
I was told that because I make 55k per year and cant get the

Good Morning , I was told that because I make 55k per year and cant get the EIC for my 2 young children That I can assign the EIC to my 20 yearold son that lives with me and make 18k . is that correct

Read more

Mark Taylor

Certified Public Accountant

Masters

914 satisfied customers
I did not have medical insurance in January 2014. For my

I did not have medical insurance in January 2014. For my 2015 tax return, I am single but am billed and payed $1449 so far. Recently have gotten bills for $2565 plus $798 for shared responsibility from the IRS. WHERE CAN i GO FOR HELP?

Read more

Mark Taylor

Certified Public Accountant

Masters

914 satisfied customers
My name in noah I had a question about how the taxes work

my name in noah I had a question about how the taxes work and I was wanting to reduce my AGI. I though it had to do with your standard deduction, which is for this year is 6,300. So in order for it to work we have to reduce what they take out right? There is no such thing as you or I reducing it up to 2000%. Right? I made $26,000 last year. So I can reduce my AGI up to like a 120 or 130 percent where I still receive a benefit but it wont go any higher. Noah

Read more

Robin D.

Vocational, Technical or Trade School

20,940 satisfied customers
I am getting divorced in TN at the end of the month. I will

I am getting divorced in TN at the end of the month. I will be receiving child support and alimony. How does this affect my taxes ? I work but make less than $30,000 a year and have a special needs child. I have always declared 0 married, I will change it to 0 single once the divorce is final. I never want to owe taxes so I would rather have a refund later then more now. From what I understand I am not taxed on child support but I will be taxed on my alimony. So how exactly does this work?

Read more

emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

3,998 satisfied customers
A friend is afraid an employee will file 1040x and report

A friend is afraid an employee will file 1040x and report income which has been paid in cash.consequences?

Read more

emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

3,998 satisfied customers
I worked in the US months last year. I got a job in Qatar

I worked in the US for 10 months last year. I got a job in Qatar and claimed tax exempt for 2 months. I went to file my taxes and the turbo tax said I was not eligible for child tax credit because of this. Is this correct? I am thinking there is a way to get my full refund still. I don't believe that I should miss out on Child Tax Credit because I worked 2 months in another country which would've been MAYBE $200 in taxes I would've paid.

Read more

emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

3,998 satisfied customers
My ex and I signed a custody "agreement" in Pennsylvania

My ex and I signed a custody "agreement" in Pennsylvania that was simply notarized, not a court order which stated that he could claim our daughter every other year, even though we paid for all of her support every year. I never signed a form 8322. Was he legally allowed to claim her on his taxes. Could he get into trouble for claiming her those years?JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: No that is all.JA: OK. Got it. I'm sending you to a secure page on JustAnswer so you can place the $5 fully-refundable deposit now. While you're filling out that form, I'll tell the Accountant about your situation and then connect you two.

Read more

emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

3,998 satisfied customers
I have a client who made virtually no income and whom I did

I have a client who made virtually no income for 2015 and whom I did not file a return for. He called me up because a financial aid person at the college his daughter wants to go to needs to see his 2015 return, and he asked me to file it. His earned income for the year was $10 and he is checking on a 1099 Int form, which is not going to be significant. I am filing the return for him, largely as a favor. It looks like he will get $2 back as EINC. I am wondering if it would be wise in this situation to take off the EINC by not answering one of the EINC question so he disqualifies. Or doe it matter. He really only made $10 and has been depleting his bank accounts, a task which is nearly completed. It seems silly the school is requesting his tax return, but sensible to provide it if that is what is needed. He was a legiitmate past customer and paid a legitimate fee, and may be again in future. I want to help him but not raise any red flags. Any ideas?

Read more

Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,252 satisfied customers
View more tax questions
In The News