Tax filing ?

[ANOTHERDAY]

My cousin (age 27) who lives in NYS is claimed as a dependent by his mother. She is head of household. He is self-employed/single/no kids and made $2750 or so profit last year via landscaping. Does he have to file? I told him no since he does not make enough, but what do I know. He told me he would have to pay federal around $300 and $0 for state

 

[Jstack34]

My cousin (age 27) who lives in NYS is claimed as a dependent by his mother. She is head of household. He is self-employed/single/no kids and made $2750 or so profit last year via landscaping. Does he have to file? I told him no since he does not make enough, but what do I know. He told me he would have to pay federal around $300 and $0 for state

I don't think he has to file if earned income was less than the standard deduction

https://www.irs.gov/publications/p501

 

[ANOTHERDAY]

I don't think he has to file if earned income was less than the standard deduction

https://www.irs.gov/publications/p501

That's what I thought, but I guess "self-employed" is different

 

[Knightrofins]

Did he receive a 1099? If so, he has to file (especially if he owes)

 

[ANOTHERDAY]

Did he receive a 1099? If so, he has to file (especially if he owes)

No 1099. He started in Jan 2019 and only worked by himself. He was paid in cash only and didn't have much work

 

[Willie99]

He has to file if self employment income is greater than $400. Evidently it is since he owes $ 300. He would also be eligible for EIC which would help.

If he didn't receive a rebate based on 2018, he should file to receive a $ 1,200 rebate as well


PS: If you owe money, that's an indication you have to file

 

[ANOTHERDAY]

He has to file if self employment income is greater than $400. Evidently it is since he owes $ 300. He would also be eligible for EIC which would help.

If he didn't receive a rebate based on 2018, he should file to receive a $ 1,200 rebate as well


PS: If you owe money, that's an indication you have to file

Thank you Willie....also, his mother was allowed to claim him as a dependent since he lives with her and makes less than $4200 I believe. Is that correct?

 

[ANOTHERDAY]

It states: He does not qualify for the Earned Income Credit because: You are a dependent on someone else's return.

 

[Jstack34]

Thank you Willie....also, his mother was allowed to claim him as a dependent since he lives with her and makes less than $4200 I believe. Is that correct?

Did they provide more than 50% of financial support for him? If not, he isn't a dependent

 

[Willie99]

It states: He does not qualify for the Earned Income Credit because: You are a dependent on someone else's return.

I'm telling him to claim himself to claim the rebate, if he hasn't received one yet.

If his mother claimed him already, he'd have to file a paper return. She'd lose $ 500, but he'd pick up $ 1,200 plus EIC

If he already received his rebate, then let mom claim him

 

[ANOTHERDAY]

Did they provide more than 50% of financial support for him? If not, he isn't a dependent

Yes they did

I also believe it states you can't make more than $4200 in that year if someone claims you as their dependent

 

[ANOTHERDAY]

I'm telling him to claim himself to claim the rebate, if he hasn't received one yet.

If his mother claimed him already, he'd have to file a paper return. She'd lose $ 500, but he'd pick up $ 1,200 plus EIC

If he already received his rebate, then let mom claim him

He did not file as of yet, waiting till the 15th. His mother did back in Jan and she got the $1200. He tried to get it 2 months ago, but was declined since his mother claimed him as her dependent

 

[Doug]

I would totally trust what Willie99 says about tax matters
He rings true

Hmu about USA coinage,hit him for tax stuff

Free advice from knowledgeable people


I have no doubt he knows his stuff.

He freely gives advice, as do I

Nothing to gain by either one of us, just a free opinion

 

[Knightrofins]

No 1099. He started in Jan 2019 and only worked by himself. He was paid in cash only and didn't have much work

he didn’t receive a 1099 and his mom claims him as a dependent?

(cough cough) I guess he didn’t work at all in 2019? (Cough cough)

 

[Buster]

Newest found out scam...Someone else has been claiming you as dependent...So when your "Aunt Edna" has been claiming you as a dependent? Take it up with her,not this great nation and it's great leader...

HaHa you fucking parasitic bitch....

"I started crying because it’s so stressful not being able to access something that is meant to help people during this time. I just felt heartbroken. It’s like how does your family member do something like that without you knowing, that’s something that should be told to you.”

https://www.wcnc.com/article/money/...dent/275-e90feafe-fa9f-4ce9-a2b6-ea483d0940dc

 

[ANOTHERDAY]

he didn’t receive a 1099 and his mom claims him as a dependent?

(cough cough) I guess he didn’t work at all in 2019? (Cough cough)

Did not need a 1099....and yes he worked in 2019 as stated and made close to $3k self-employment.

His mother claimed head of household and he made less than $4200

 

[Willie99]

Newest found out scam...Someone else has been claiming you as dependent...So when your "Aunt Edna" has been claiming you as a dependent? Take it up with her,not this great nation and it's great leader...

HaHa you fucking parasitic bitch....

"I started crying because it’s so stressful not being able to access something that is meant to help people during this time. I just felt heartbroken. It’s like how does your family member do something like that without you knowing, that’s something that should be told to you.”

https://www.wcnc.com/article/money/...dent/275-e90feafe-fa9f-4ce9-a2b6-ea483d0940dc

Questions I would ask

Did she live with the Aunt? Did her aunt support her? Was her aunt putting her through college?

There are times the aunt claiming the dependency exemption is legitimate, but not always

I will also suggest that how tax returns were filed in February or March of 2020 might be different than how they are filed since the pandemic relief legislation has been passed