Dependent Standard Deduction incorrect?

Forum|Forum|5 years ago
January 3, 2021
2 replies
13 views

My CPA stated that my son did not file as a dependent therefore I cannot claim him on my returns with my spouse (2019 Federal) without him amending his returns. On review of his returns (done on TurboTax) he did check the box "Someone can claim you as a dependent", and Turbotax calculated his standard deduction to be $12,000. This appears to be correct per Table 8 of the Standard Deduction Worksheet for Dependents.

My CPA however prepared a 1040X amended return with $0 and a new tax liability of $1321. Is he correct not publication 501 and Trubotax? My CPA has failed to answer any of my calls, emails or text messages since October and we are now past due on our returns which he prepared in error, and amending our son's return.

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Critter-3

Level 15

If his return has the dependent box checked then you can claim him on your return if he qualifies as a dependent.

As for the standard deduction ...

For 2019, the standard deduction amount for an individual who may be claimed as a dependent by another taxpayer cannot exceed the greater of $1,100 or the sum of $350 and the individual’s earned income (not to exceed the regular standard deduction amount of 12K ).

VolvoGirl

Level 15

He did the 1040X amended return with 0 for the Standard Deduction? IRS Pub 501 is right. How much income did he have? What kind? W2 or 1099Misc?

The Standard Deduction for an individual for whom an exemption can be claimed on another person's tax return is limited to the greater of:
…..$1,100 or
…..Your earned income for the year + $350 (up to the max of 12,000)

So he would get a minimum of $1,100 up to the max of 12,200.

JamesLaLiAuthor

Level 2

His income was only W2. He check the box indicating someone can claim him as dependent, had no other source of income, but my CPA sent me a 1040 deleting the $12,200 deduction so he owes $1321 on $14,841 in wages. He says we have to amend his return like this so we can claim him as a dependent.

His letter to us states "We are unable to file your tax returns due to Konnor (our son) filing as his own dependent. As I indicated his returns reflect as someone can claim him......the 1040X deducts the entire $12,200 deduction.