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Education
Wow thanks for your patience and answering questions I hope you’re gonna be around till Monday?? i’ll have to go back and reread what you wrote because my head is spinning!!
what might possibly happen is his father will be providing the support since I won’t be able to afford to… and I believe my son has exhausted his savings and his earnings to support himself in the last two years . In 2019 I thought that legally had to put down that he Could be claimed on somebody else’s taxes…. i’m not sure if that was right so my accountant that his father had did his taxes and put him down as independent but made a lot of mistakes and his father did not realize an extension to file is not an extension to pay so I took over the taxes in 2020 because he also is supposed to pay estimated taxes since his job was self-employed even though it was an internship. And he had a sizable scholarship so I was told by other parents from Princeton that he had to do estimated payment so I’ve been doing that since 2020. In those years his residency was off-campus because the school was closed because of Covid and then partially at his fathers.
But both Times I put down that he could be claimed on somebody’s taxes. This would be the first year that I would be putting him down as independent partially pressured by his father to do so but I wanted to make sure it was legal so thank you for your help.
Q: so a question for you that I have is there is no box for being claimed on somebody else’s taxes it only says “can you be claimed” on somebody else’s taxes and I don’t know if the state insurance considers that as being independent or do they assume that you have been claimed on somebody else’s taxes and how would they know if you were claimed on somebody else’s taxes? Why isn’t there a box for independent? I read in some article that if you don’t mark off a box that your return will get rejected but none of the boxes fit if he doesn’t claim that he can be a dependent.
Well his taxes get rejected?
As far as Residency for 2022 the spring and the fall calendar year…. He had a large scholarship for the spring of 2022 but he will not have a scholarship for the fall of 2022 and the spring of 2023. I have asked him and his father if his savings and his and earnings provide 50% of his support and his father will not give me a direct answer - he controls my son‘s money it’s a bad situation -
but I know pretty certainly that my son has provided his full support since in college -he also used his savings… I am assuming that his savings can be considered part of his support? But because of the residency and the fact that he only started doing taxes in 2019 because he wasn’t required before that I have only been putting down can be claimed.
now I believe he has exhausted his savings by providing his own support along with his earnings. And that is why 2022 will be different.
His rent is substantial because he’s off-campus at Princeton University and I’m not paying for any of it because I don’t have the money I never got child support… and I’m on disability… he will either be getting help from his father or his father is going to talk him into taking out loans which I know then might count as him supporting himself like my daughter did with loans.
Q:
so when I said he might be dependent in 2022 it depends on if he takes loans out or if his father provide support and I guess what you’re saying is it also depends if he lives with his father during school breaks? I would only be able to claim him if he lived with me during school breaks even if I don’t provide half of his support? thanks
what are your hours between now and Monday!?