Need an answer for tax accounting?
January 8th, 2010 | by admin |
Hi, I am single with 3 children, I have been unemployed for the entire year. Do I recieve the the earned income credit for the kids? Please tell me what you know NOT what you think.
and aren’t you suppose to recieve money just for having children? Ain’t it called earned income deduction for the children up to 2 children or more?
Go online to irs.gov, and either read the pdf file or order Pub 17 and other related publications and read them while your children are asleep. It might be more advantageous if the father is able to (as per the courts and/or irs) and does claim the children as dependents to lower his tax bill. The IRS has rules and guidelines for everything you need to do taxes.
3 Responses to “Need an answer for tax accounting?”
By Ryan M on Jan 8, 2010 | Reply
If you have no EARNED INCOME, you will not qualify. EARNED INCOME is a pretty key term of the earned income credit.
References :
By tro on Jan 8, 2010 | Reply
the EIC is EARNED INCOME CREDIT, what part of earned income do you not understand?
no earnings, no credit
References :
By Gilbe-BN on Jan 8, 2010 | Reply
Go online to irs.gov, and either read the pdf file or order Pub 17 and other related publications and read them while your children are asleep. It might be more advantageous if the father is able to (as per the courts and/or irs) and does claim the children as dependents to lower his tax bill. The IRS has rules and guidelines for everything you need to do taxes.
References :