So, You Want to Claim a Certain Someone As Your Dependent?

Everyone is looking for a way to lower their tax bill and maybe even get a little refund back.  I see lots of people attempting to be really… “creative” in coming up with a few dependents to help them achieve this goal.  Before you get too carried away with how easy it can be to […]

Should She Claim Her Adult Son as A Dependent?

In this tough economy we see millions of degreed adults unable to find work. As a result, many have returned home to live with family, gone back to school to learn a new skill, and are most likely receiving some kind of government benefit such as unemployment insurance payments and/or cash aide (welfare, food stamps). […]

When the IRS says “Your Releative” Here’s What They Mean

Some taxpayers use the term “relative” quite loosely.  Your best friend’s son may be your godson – and he may seem like a relative in your eyes – but Dr Sam and the IRS don’t see it that way. So, when the IRS says “your relative” here is who they are talking about: Your biological […]

Can You Claim The Big Earned Income Tax Credit?

EARNED INCOME TAX CREDIT-SCHMEDIT! In general, you most likely have received the Earned Income Tax Credit (EITC) in the past if you: (1) Earn money from working (2) Have an income amount that is considered “low income”, and (3) Usually receive a tax refund that is more than $2000. Sometimes the refund can be  as […]