Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 11-23-2013, 07:19 PM
Junior Member
 
Join Date: Nov 2013
Posts: 2
Claiming Son now out of state

My son Graduated May of 2013 then moved out of state late June for college for school year 13-14. His residence is now the other state he moved to in the attempt to have his second year of college "in-state" tuition. If I claim him for tax year of 2013 (since I took care of him for more than half the year) will that hurt his chance for his second year being the in-state tuition. And I know this will be that last year I can claim him. Any advice would be great thank you.



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 11-24-2013, 01:08 AM
Moderator
 
Join Date: Oct 2010
Posts: 5,231
Quote:
Originally Posted by BrianBratcher View Post
My son Graduated May of 2013 then moved out of state late June for college for school year 13-14. His residence is now the other state he moved to in the attempt to have his second year of college "in-state" tuition. If I claim him for tax year of 2013 (since I took care of him for more than half the year) will that hurt his chance for his second year being the in-state tuition. And I know this will be that last year I can claim him.
As long as your child is a student and attends school in another state, you still may claim your child as a dependent on your taxes as a full year resident of the home state. Your child must list your residence as his permanent residence with the school, with your child's residence while attending school listed as his temporary residence. Your son can claim full-time residency in two states at the same time, but it should be avoided. If he, as a taxpayer, tries to claim dual residency then he will be overcharged by the states. A taxpayer can be a part-time resident in one state and a full-time resident in another at the same time, according to the IRS. It is recommended that for tax purposes that one state be considered a domicile. As long as you meet conditions/requirements, you still may claim your child as your dependent even if your son is living out of state for schooling.You may claim him as qualifying relative, NOT as a qualifying child.



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 11-24-2013, 02:33 PM
Junior Member
 
Join Date: Nov 2013
Posts: 2
in state tuition

But will that hurt his chances of him getting in-state tuition in that other state since he now has moved there?



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 11-24-2013, 07:13 PM
Moderator
 
Join Date: Oct 2010
Posts: 5,231
Quote:
Originally Posted by BrianBratcher View Post
But will that hurt his chances of him getting in-state tuition in that other state since he now has moved there?
I guess you need to contact the Dept of Rev fort the state for sure~



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
  #5 (permalink)  
Old 11-24-2013, 07:19 PM
Moderator
 
Join Date: Oct 2010
Posts: 5,231
For example, in the case of South Carolina state, a dependent Person is one whose predominant source of income or support is from payments from a parent, spouse, or guardian and who qualifies as a dependent or exemption on the federal income tax return of the parent, spouse, or guardian. A dependent person’s residency is based upon the residency of the person upon whom he/she is dependent.In the case of divorced or separated parents, the resident status of the dependent person may be based on the resident status of the parent who claims the dependent person as a dependent for tax purposes; or based on the resident status of the parent who has legal custody or legal joint custody of the dependent person; or based on the resident status of the person who makes payments under a court order for child support and at least the cost of his/her college tuition and fees.



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
Ads
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
Claiming a child tams2865 Divorce Tax Issues 1 01-18-2013 05:15 PM
Claiming my fiance and baby? 12learn Filing Requirements 1 02-14-2012 02:26 AM
Claiming my daughter? mikky500 Miscellaneous 3 01-27-2011 01:58 AM
Claiming 18 yr old ddunlavy Itemized Deductions 0 02-11-2010 04:02 PM
Claiming my girlfriends two kids kss2703 Miscellaneous 1 02-02-2009 12:33 AM

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