Put your boot up his @ss.
Just write them a check for the difference and send it in.......................you will eventually anyways, but you’ll pay interest and a fine..............
If you e-filed and it was rejected, just correct it and re-file.
Call them or go to the nearest IRS office and ask for advice. They actually might help.
I am assuming you filed a paper return? If you had e-filed it would have been rejected immediately & you could make the correction to take the dependent off your return & re-filed.
Now you will need to file an amended return & that will take several months to process.
I think my daughter once sent in an amended before her actual was processed. And my sister’s daughter did that (claimed herself when they claimed her) one year, and they had her send in an amended.
If you calculate it both ways, which way is more favorable (you claiming the child or self claiming)?
Regardless of whether you file the 1040-X or IRS sends you the bill, it will cost you about the same amount of additional tax. So just do the least stressful option.
They may also adjust it when they catch it and send you a letter to cough up the money owed.
Thank goodness I have arranged my finances in a way that doesn’t require me to file a tax return.
Amend kid’s tax return, then refile yours after a few weeks.
I’d suggest you file an amended return soon and send a check for the difference.
You’ll still have to pay a fine and a penalty probably, but it’s better than having the IRS haul you into court for filing, from their point of view, a fraudulent form.
Or your dependent might file an amended return and un-claim his/her self dependent status. I’d say you do whichever is closet to the truth that you can prove is closest to the truth because you might have to.
The IRS does not have enough people to process exceptions timely or answer taxpayer questions.
You can call IRS, but expect to be on hold for a long time.
You can file a 1040X, expect up to 4 months to process.
You can contact the IRS Ombudsman 1-877-777-4778 or at IRS office in your state.
Be sure to correct state returns also.
Technically, whoever provided 50%+ support for the year is entitled to the dependent exemption.
You can expect interest and penalty. You can pay a deposit as an estimate that stops the interest and penalty.
Keep copies of everything sent to the government.
File an amended return.
As soon as an amount of obligated taxes (difference between the original return and an updated return) can be determined, go to the IRS.GOV web site and use the "Pay Your Taxes" selection to make an immediate payment for the proper tax year. This stops the penalty clock and leaves a minor amount of interest still clicking. You may need to do this for both taxpayers but let the preparer guide you on this process.
There will be a requirement to send in a 1040X Amended return, it DOES NOT HAVE TO WAIT for an IRS acceptance of the prior 1040 return as both were sent in as paper filings. Be SURE to include the original 1040(s) in the 1040X filings with extensive explanations as to the reasons. Include a copy of the IRS Payment Receipt as well in the package.
NOW WAIT - the IRS processes very slowly!
Hope this helps, remember free advice is worth what you pay for it! (grin)!
How is it possible for anyone to claim they are a dependent of themselves?
I’m 75 and I’m pretty sure the IRS would reject a claim like that if I tried to say I’m my own dependent.
George fNE... If I’ve misunderstood the situation you described, please correct me.