AboutMike Wellman Expertise I was a former Manager with Price Waterhouse, now PricewaterhouseCoopers, the largest accounting firm in the world. I have had clients in almost every industry and of every size.
I will only answer questions dealing with IRS problems such as delinquent tax returns, Offers in Compromise (Tax Settlement), IRS collection matters including installment agreements, liens, levies, seizures, audits, appeals, innocent spouse claims and injured spouse claims. All other will be referred to the question pool.
Experience Over 25 years experience in taxation specializing in IRS collections, examinations and appeals.
Publications New York Times, Wall Street Journal, Your Money.
Education/Credentials BBA, Baylor University.
Awards and Honors IRSOS.com won the Knowledgeweb award for educational excellence for content.
Expert: Mike Wellman Date: 1/30/2008 Subject: Dependant tax question
Question I have a 18 yr old daughter that is a full time student and living with us, and working. She received a W-2 for a job she worked at, and we want to claim her and file her income on our taxes. Can I do that and what form do I use. Thank you.
Answer You are entitled to claim your daughter as a dependent on your return but you cannot claim her income on your return. Your daughter is even not required to file at all unless her W-2 income exceeds $5,350. However, if there was income tax withheld on her W-2, she may want to file to get all of it back.
I want to add, if your daughter has more than $850 in UNearned income, the rules are a little more complicated. This would include such things as interest or dividends. Ask a follow-up if this is the case.
