Stimulus Payments

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  • Twin Turbo Z
    replied
    Originally posted by TAXNJ

    Really. Question was directed to Original Poster. Would that be you? If not, try to apply your knowledge to answer the Original Poster who may or may not be interested in your reply
    Its ok boss.

    Leave a comment:


  • TAXNJ
    replied
    Originally posted by Twin Turbo Z


    Really You know what he or she means.
    Really. Question was directed to Original Poster. Would that be you? If not, try to apply your knowledge to answer the Original Poster who may or may not be interested in your reply
    Last edited by TAXNJ; 02-11-2021, 08:46 PM.

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  • New York Enrolled Agent
    replied
    Originally posted by Packer Ron

    She is claiming herself in 2020
    The mere fact she claims herself is not controlling - is she a dependent of the parents?

    IRC 6428 says a taxpayer is ineligible for the RRC if he/she is allowable as a dependent to another taxpayer.

    The determination of dependency is a matter of fact - not a matter of choice.

    Leave a comment:


  • Rapid Robert
    replied
    Originally posted by Lee Welter
    Be careful not to take unethical advantage of this Recovery Rebate - we are all subject to Due Diligence.
    Not sure what you mean -- what would be an example of taking "unethical advantage"?

    Also, we are not all subject to Due Diligence, only Circular 230 professionals are, or when touching those specific instances where the law explicitly calls for it, such as Refundable Credits & HOH filing status (Form 8867).

    Leave a comment:


  • Twin Turbo Z
    replied
    Originally posted by TAXNJ


    Last year was 2020. You state she was claimed by her parents.

    Then you state “ In 2020 she is claiming herself...” So are you saying both the parents are claiming the student and the student is claiming herself?

    Really You know what he or she means.

    Leave a comment:


  • Lee Welter
    replied
    Be careful not to take unethical advantage of this Recovery Rebate - we are all subject to Due Diligence.

    Leave a comment:


  • TAXNJ
    replied
    Originally posted by Packer Ron
    I have a 20 year college student who last year was claimed as dependent by her parents. In 2020 she is claiming herself.. Can she claim in addition to $600.00 stimulus and the $2,000.00 payment issued in 2020 under the Recovery Rebate Credit

    Last year was 2020. You state she was claimed by her parents.

    Then you state “ In 2020 she is claiming herself...” So are you saying both the parents are claiming the student and the student is claiming herself?
    Last edited by TAXNJ; 02-10-2021, 04:27 PM.

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  • kathyc2
    replied
    Originally posted by Packer Ron

    She is claiming herself in 2020
    Are you preparing the return, or is she? If you are, you need to determine if the box "Someone can claim you as a dependent" applies by looking at relevant data. If you prepare the return and don't check the box because she doesn't want it to be so, well......

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  • Packer Ron
    replied
    Originally posted by kathyc2
    What Lion said.
    She is claiming herself in 2020

    Leave a comment:


  • kathyc2
    replied
    What Lion said.

    Leave a comment:


  • Lion
    replied
    Should she be claiming herself?

    Leave a comment:


  • Packer Ron
    started a topic Stimulus Payments

    Stimulus Payments

    I have a 20 year college student who last year was claimed as dependent by her parents. In 2020 she is claiming herself.. Can she claim in addition to $600.00 stimulus and the $2,000.00 payment issued in 2020 under the Recovery Rebate Credit
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