Ask Experts Questions for FREE Help !
Ask
    yakudi's Avatar
    yakudi Posts: 2, Reputation: 1
    New Member
     
    #1

    Apr 7, 2007, 08:10 AM
    Claiming visiting parents as depedents: This year or amended 1040
    Hello:

    I have just found out (to my pleasant surprise) through this great forum that you can claim as dependents parents visiting from another country. In my case, I should have had a fatter refund coming to me from the IRS in previous years and I plan to remedy the situation for 2004 and 2005 through an amended 1040.

    However, for 2006:

    1. I find that my tax situation has changed a little and I have a tax liability of around $4k federal and $200 state(MA) instead of a refund &
    2. Both my parents visited me in 2006 for long periods. However, they are now back home and getting a notarized copy of passports might be tricky based on days left till April 17th.

    So, my question is which of the following is the best option for me this year:

    a. File my taxes for 06 without listing them as dependents. Apply for their ITIN after April 17th and then file amended 1040s for 2004, 2005, 2006 together

    b. Defer taxes by filing 4868 along with estimated payments [with them factored in as dependants] and file for their ITINs. Then file both federal and state when ITINs are received.

    c. Move heaven and earth to get notarized copies of their passports, file federal along with W-7s and defer state by paying the $200 along with 4868. Then file state later.

    I am leaning towards 'a' as it's the cleaner strategy but involves my paying a large sum of money to the IRS upfront. Please advise...

    Also, is there a way to file an amended return for previous years for the state (MA) ?

    Thanks in advance for your answers,

    -Y
    ballengerb1's Avatar
    ballengerb1 Posts: 27,378, Reputation: 2280
    Home Repair & Remodeling Expert
     
    #2

    Apr 7, 2007, 10:00 AM
    Actually that post from yesterday is still ongoing. So far it's a question, not a statement of fact. You may have misread part of it. PNG has not returned to the post for additional follow-up.
    yakudi's Avatar
    yakudi Posts: 2, Reputation: 1
    New Member
     
    #3

    Apr 7, 2007, 03:41 PM
    Well my question was not in reference to any particular post... my parents have spent enough time in the states to qualify as residents.

    So my question is still open...
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #4

    Apr 17, 2007, 09:04 AM
    In my opinion, if your parents spent MORE than 183 days in the U.S. and you provided more than half of their total support, you can claim them as dependents.

    The issue in dispute is if their stay is LESS than 183 days.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Can visiting parents be claimed as dependents [ 9 Answers ]

Can parents on visitor visa lived in usa for 170 days in yr 2006 be claimed as dependent for yr 2006 If yes now can I sumit their form w-7 application for itin along with my form 1040 in April 2007 if they are back to india currently?

6-year Indian Student, 1040EZ but claiming social security taxes from 5th year. [ 3 Answers ]

I've been in the States since 2001 (F-1 undergrad, then 1 year of F-1 OPT, and now with a new F-1 for grad school), 6 years so far and all at the same university in NYC. This will be my first year filing the 1040EZ, and I have a few Q's... Four questions: * Is the 1040EZ form the...

Puppies visiting parents [ 3 Answers ]

We are friends with the people from whom we got our pup... is it a good idea to take him when visiting or can upset the mother/pup doing this?

1099G (Filled 1040 NR EZ) and accepted 5000 standard deduction last year [ 3 Answers ]

Hi I had filled in a 1040 NR EZ last year. And in Line 11 for itemized deduction I used the 5000$ standard deduction for student from india (Was on F1/H1B in 2005 and H1B in 2006). Now I got a 1099G for my state tax returns. Everyone is saying if you did itemize your last year federal returns then...


View more questions Search