Taxes and FAFSA :: Dark Age of Camelot

Baby has to be around for the year before you he counts. When Joph v3.0 was born in Oct '10 we thought we'd get a tax break off him in our 2010-2011 taxes but nope.

That's not true. If your kid is born any time in the year, they're considered in that tax year. Dunno who did your taxes for 2010, but you need to get that sh*t amended if you can.

http://www.efile.com/irs-publication/child-tax-credit-pub-972.pdf

Quote:

Exceptions to time lived with you. A child is considered to have lived with you for all of 2010 if the child was born or died in 2010 and your home was this child's home for the entire time he or she was alive. Temporary absences by you or the child for special circumstances, such as school, vacation, business, medical care, military service, or detention in a juvenile facility, count as time the child lived with you.

Page 3, right hand column, towards the bottom.

Yeah, that's what I thought.

Yeah, I was able to claim both my kids in the year they were born.

God, Joph, what the hell is wrong with you?

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#29 Jan 12 2012 at 9:17 AM Rating: Good

__DEL__1658708287938

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Sage

9,507 posts

I can get my work W-2 online now, but unfortunately, I collected $190 from the state of New Hampshire in partial unemployment earlier in the year. I really hope they send out the W-whatever soon, I don't like putting this stuff off.

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#30 Jan 12 2012 at 10:44 AM Rating: Good

Thumbelyna

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No Gag Reflex

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Now I'm just waiting on the W-2s from Ray's contractor jobs before he was picked up for his federal position. He was lucky that he was actually an employee so he didn't have to get 1099'd and calculate the taxes that he'd owe.

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#31 Jan 12 2012 at 12:04 PM Rating: Good

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Sage

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W2s supposedly coming out tomorrow; I saw the accountant frantically working on them today.

FAFSA is another story.

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#32 Jan 12 2012 at 2:16 PM Rating: Good

gbaji

Encyclopedia

35,568 posts

Got my W2s last week. That's not usually the issue. It's all the other forms that seem to take forever. Interest, mortgage, stock sales/exercises, dividends, etc. Some of it I can get online directly, others I actually have to wait for the paper to show up. It's not a big deal though.

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King Nobby wrote:

More words please

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#33 Jan 12 2012 at 2:29 PM Rating: Decent

Debalic

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20,643 posts

My w 2 was released this morning, so my wife got the taxes done as soon as she got up.

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publiusvarus wrote:

we all know liberals are well adjusted american citizens who only want what's best for society. While conservatives are evil money grubbing scum who only want to sh*t on the little man and rob the world of its resources.

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#34 Jan 13 2012 at 12:06 PM Rating: Excellent

Jophiel

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Liberal Conspiracy

TILT

Bekira, you are the wind beneath my wings.

Amendment being filed.

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Belkira wrote:

Wow. Regular ol' Joph fan club in here.

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#35 Jan 13 2012 at 1:01 PM Rating: Good

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Sage

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Jophiel wrote:

Bekira, you are the wind beneath my wings.

Amendment being filed.

Awesome! Good luck. Smiley: smile

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#36 Jan 14 2012 at 1:03 PM Rating: Good

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Sage

21,262 posts

We finally got the pre-approval for the state tax refund of the solar hot water we installed last year. That means $2K back from the state on 2012 taxes. Smiley: lol

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