Advertisements
Advertisements
Viewing Single Post
Instead of just guessing why not look at irs.gov
As far as paid preparers it won't cost that much.
However, doing it yourself does not increase your chances of being audited. That is just a old wise tale put out by paid preparers to scare people into paying them. In this case though it is more complex than a normal issue and it sounds like a paid preparer might be a good idea.
The reason this is likely to be audited is because this much money will bring out the criminals who don't have children.
A word of caution the the subsidy, if you yourself are not paying more than half the cost to support your child, you may not be able to claim the exemption or child tax credit. With the subsidy, including daycare, medical card etc. I'm not sure I can claim my child.