Question

There are many rules to comply with when claiming dependents. Which of the following is NOT...

There are many rules to comply with when claiming dependents. Which of the following is NOT one of them?

The dependent is not filing a joint return with a spouse.

A resident of the U.S., Canada, or Mexico may be a dependent.

The dependent must live with the taxpayer all year and have no income.

A taxpayer who is a dependent of another taxpayer may not claim any dependents

Homework Answers

Answer #1

The dependent must live with the taxpayer all year and have no income.

Explanation:

This is not a rule for claiming the dependent.

In case of claiming a dependent as qualifying child, the rule says that the dependent must live with the taxpayer for more than half of the year and the dependent should not provide for more than half of his / her own support for that tax year.

In case of claiming a dependent as qualifying relative, the rule says that the dependent must live with the taxpayer for entire year (except temporary vacancy on account of illness, vacation, education, etc.) and the gross income of the dependent must be less than $4,200.

For other options, they are the rules for claiming the dependent in the taxpayer return.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Interview Notes Ben and Alice are married and live in England. Ben is a U.S. citizen...
Interview Notes Ben and Alice are married and live in England. Ben is a U.S. citizen and has a valid Social Security number. Alice is a citizen of the United Kingdom and has an ITIN for U.S. filing purposes. In 2017, Ben and Alice chose to treat Alice as a resident alien for tax purposes. This choice has never been suspended or ended. Ben and Alice have a son, Paul, who was born on September 4, 2019. Paul is a...
1.Priscilla (35) is divorced from Bernardo (40). They are the parents of Sal (12). Sal lives...
1.Priscilla (35) is divorced from Bernardo (40). They are the parents of Sal (12). Sal lives with his mother who pays over half the cost of maintaining the home. The divorce decree gives Bernardo the unconditional right to claim the dependency exemption for Sal. Sal meets all of the tests for dependency for Priscilla for qualifying child. What is Priscilla's most advantageous filing status for 2018? A. Single. B. Head of household. C. Married filing jointly. D. Married filing separately....
1.Priscilla (35) is divorced from Bernardo (40). They are the parents of Sal (12). Sal lives...
1.Priscilla (35) is divorced from Bernardo (40). They are the parents of Sal (12). Sal lives with his mother who pays over half the cost of maintaining the home. The divorce decree gives Bernardo the unconditional right to claim the dependency exemption for Sal. Sal meets all of the tests for dependency for Priscilla for qualifying child. What is Priscilla's most advantageous filing status for 2018? A. Single. B. Head of household. C. Married filing jointly. D. Married filing separately....
Which of these dependents meets the citizen or resident test? a.Martina was a resident and citizen...
Which of these dependents meets the citizen or resident test? a.Martina was a resident and citizen of the Czech Republic. She was adopted by citizens of the United States in March of 2017 and lived with them from May through the rest of the year. b.Jose is a resident and citizen of Guatemala. His father worked in the United States and would like to claim him. c.Maria is a resident and citizen of Canada. She was adopted by U.S. citizens...
Which of the following is not a requirement for claiming the credit for child and dependent...
Which of the following is not a requirement for claiming the credit for child and dependent care expenses? A. Payments for employment-related care may not be made to relatives of the taxpayer. B. Expenses must be incurred for the care of qualifying individuals. C. The expenses must be incurred to enable the taxpayer to work or to actively look for work. D. The taxpayer must have earned income.
1) During 2019, Mariam had the following transactions: Salary                                &
1) During 2019, Mariam had the following transactions: Salary                                                                                     $60,000 Interest income on City of Albuquerque bonds               1,000 Commission Income received                                             5,000 Cash dividends from IBM stock                                          2,000 Mariam’s AGI for 2019 is: A. $65,000. B. $60,000. C. some other amount. D. $68,000. E. $67,000. 2) Which of the following is inaccurate for the qualifying relative rule: A. A dependent does not need to reside with the taxpayer. B. A dependent does not need to be relative of the taxpayer. C. A dependent must...
Walt is single and has no dependents. Without considering his $17,000 adjusted net capital gain (ANCG),...
Walt is single and has no dependents. Without considering his $17,000 adjusted net capital gain (ANCG), his taxable income, which includes no investment income, in 2017 is as follows: AGI $246,000 Home mortgage interest $21,700 State and local income taxes 7,800 Charitable contributions 6,500 Personal exemption 4,050 40,050 Taxable income $205,950 What is Walt's tax liability without the ANCG is? What is Walt's tax liability with the ANCG? 2017 tax rate schedule Single If taxable income is: The tax is:...
1.) Which of the following is a taxable income? a. Alimony received in accordance with a...
1.) Which of the following is a taxable income? a. Alimony received in accordance with a divorce decree signed prior to dec 31,2018. No changes have been made to the agreement. b.Child support payments received in accordance with a divorce decree signed prior to Dec 31,2018. No changes have been made to the agreement. c. A non cash property settlement paid by a former spouse d. Payments made to maintain the taxpayer's primary residence, made by a former spouse who...
Using 2018 tax law, answer these questions about the following scenario. Numbers in parentheses indicate age....
Using 2018 tax law, answer these questions about the following scenario. Numbers in parentheses indicate age. Each taxpayer has only the income stated. Unless otherwise stated, each prospective dependent is an unmarried U.S. citizen who does not provide more than half of their own support. In no case will more than one taxpayer attempt to claim the same qualifying child as a dependent. No one other than the persons listed live in the home. Karla (25) is unmarried and was...
Which of the following individuals are required to file a tax return for 2019? Should any...
Which of the following individuals are required to file a tax return for 2019? Should any of these individuals file a return even if filing is not required? why or why not? a) Patricia, age 19, is self-employed single individual with gross income of $5,200 from an unincorporated business. Business expenses amounted to $4,900. b) Mike is single and is 67 years old. His gross income from wages was $10,800. c) Ronald is dependent child under age 19 who received...