In some cases, an attempt to claim a child as a dependent when another person has already claimed him results in rejection of the electronic submission, according to About.com. If the IRS accepts the return or the second parent mails a return claiming the same child as a dependent, the IRS is likely to require an audit over dependents.Know More
Unless parents are married filing joint returns, the IRS only allows one parent to claim a child as a dependent. About.com reminds parents this law also applies to married couples filing separate returns. The return claiming the child as a dependent should include Form 8332 signed by the other parent, giving permission to claim the child as a dependent, according to TurboTax.
If the IRS doesn't accept a tax return because someone else has claimed the child as a dependent, it doesn't allow electronic submission a second time. About.com recommends that a parent with the right to claim a child complete the paper form and mail it. The IRS audit determines which parent is entitled to the exemption.
TurboTax recommends that if a parent discovers he has claimed a dependent in error, he should file an amended tax return. The IRS allows such amendments within three years of filing the return. The IRS imposes fees in such cases in addition to requiring payment of the additional taxes owed; however, if a parent convinces the IRS claiming the child was a mistake, the IRS waives the penalties.Learn more about Income Tax
Two people cannot have the same DNA, as even identical twins do not have identical DNA. DNA stands for deoxyribonucleic acid. It is the biological instruction that makes each species unique.Full Answer >
Tax deductions reduce a person's tax burden by lowering taxable income, according to About.com. A filer chooses between a standard deduction or itemized deductions. As of tax year 2013, the IRS allowed a $6,100 standard deduction for an individual filer and a $12,200 deduction for a married couple filing jointly.Full Answer >
The Child and Dependent Care Credit helps you recoup some of the money you spend on child or other dependent care throughout the year. This is a non-refundable tax credit, which means that you can use it to lower your overall tax bill, but you cannot get any money directly from the government. Filing for the credit is quick and relatively simple.Full Answer >
Child support is not considered taxable income for the recipient. Because of this, it is not included in calculating a person's gross income for a tax year. In addition, it is not eligible for a deduction by the individual who pays the child support.Full Answer >