Here you will find answers to some of the most common questions about our products. If you have any other questions, please feel free to call us at 608-757-1989.
Is there an age limit on claiming my child as a dependent?
To claim your child as a dependent, your child must meet either the qualifying child test or the qualifying relative test:
To meet the qualifying child test, your child must be younger than you and either younger than 19 years old or be a "student" younger than 24 years old as of the end of the calendar year.
There is no age limit if your child is "permanently and totally disabled" or meets the qualifying relative test.
In addition to meeting the qualifying child or qualifying relative test, your child must also meet all the other tests for claiming a dependent:
Dependent taxpayer test
Citizen or resident test
Joint return test
How do I notify the IRS my address has changed?
There are several ways to tell the IRS that your address has changed:
IRS FORM - Use IRS Form 8822, Change of Address or IRS Form 8822-B, Change of Address or Responsible Party-Business.
TAX RETURN - Use your new address when you file your tax return.
WRITTEN STATEMENT - Send the IRS a written statement with your:
Social Security Number (ITIN or EIN)
Mail your written statement to the address where you filed your last return.
If I claim my child who is a full-time college student as a dependent, can my child claim there own personal exemption when they file their return?
If you claim you're an exemption for your child, they can't claim their own personal exemption on their income tax return. Your child should check the box on their return that someone else can claim them as a dependent.
Can I receive a tax refund if I owe for a prior year's federal taxes since I am currently making a payment under an installment agreement payment plan?
No, one of the conditions of your installment agreement is that any refund due to you, the IRS will automatically apply against the taxes you owe. Because the refund isn't applied towards your regular monthly payments, continue making your installment agreement payments as scheduled until you pay your liability, including accrued penalties and interest in full.
To qualify for Head-of-Household filing status, do I have to claim my child as a dependent?
Generally, to qualify for the Head-of-Household filing status, you must have a qualifying child or dependent. However, a custodial parent may be able to claim the Head-of-Household filing status with a qualifying child even if he or she released a claim to exemption for that child.