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Should I amend my return? My parents are filing 2021, can claim me as a dependent. They owe, have penalties, and it is causing me to owe. Should they just take the hit?
Would it be better for us to take the hit instead of my child? We are just filing 2021 taxes. We could claim our child as a dependent. They filed their return as no one can claim them as a dependent. They will end up owing state and federal in addition to penalties/interest. We will owe money, with penalties, interest, late filing fees. Should we just take the hit?
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‎September 4, 2024
3:33 PM