Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 03-12-2018, 11:16 AM
Junior Member
 
Join Date: Mar 2018
Posts: 2
Claiming of Dependents & Amended Tax Return Question

Hello,

Help, please.

I've been divorced since 2014. We are supposed to each claim one child as a dependent on our tax returns. I messed up last year and claimed both of the children as dependents on my 2016 return. (I know, don't ask. Still can't figure out how I did it! Lot of stuff going on, etc. One big Ugh which is really no excuse. Was probably gaming out different scenarios and then forgot to remove one dependent prior to filing). Anyhow, I do not receive alimony, only child support.

I offered to resolve the issue by allowing him to claim both dependents on his 2017 return. His tax preparer says that I must file an amended 2016 return. Is my solution acceptable? Thanks so much!



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 03-13-2018, 04:53 AM
Moderator
 
Join Date: Oct 2010
Posts: 5,258
I think so; aslongas you allow your ex to calimbothof the dependents on your ex return then yes you need to file your 1040X due to the fact that both of you CANNNOT claim the same dependent( I mean the dependent that you also claimed on yur 2016 return) on your 2016 return at the same time since your ex also claims the dependent on his 2016 return.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #3 (permalink)  
Old 03-13-2018, 10:18 AM
Junior Member
 
Join Date: Mar 2018
Posts: 2
Ex Still Hasn't Filed 2016...So he could...

My ex did not file his 2016 return yet. He could easily have his CPA do a minor adjustment to it removing the one dependent and file for 2016. Then he could claim both dependents for 2017 and file. I do not see why this solution wouldn't work.

Thanks for your input! Much appreciated!



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #4 (permalink)  
Old 03-13-2018, 09:08 PM
Moderator
 
Join Date: Oct 2010
Posts: 5,258
Quote:
Originally Posted by aomahon1022 View Post
My ex did not file his 2016 return yet. He could easily have his CPA do a minor adjustment to it removing the one dependent and file for 2016. Then he could claim both dependents for 2017 and file. I do not see why this solution wouldn't work.

Thanks for your input! Much appreciated!
As said previously, bothof you need to file 1040X for 2017,please contact an IRS Enrolled Agent/a CPA dong taxes in your local area for professional help for your fed/state returns



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Question related to claiming dependents? WifeyJ618 Filing Requirements 0 08-14-2017 09:52 AM
Question about dependents RZ1987 For 2016 0 02-28-2017 01:52 PM
Claiming Deduction for Dependents srikanth1901 Filing Requirements 1 10-14-2016 11:42 PM
Question about an amended return kmc1985 Miscellaneous 1 06-27-2012 11:55 PM
Question RE: claiming dependents jmimom Miscellaneous 3 02-06-2009 01:47 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.