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| *Ostroff, Fair and Company>>>United States Taxes |
I put someone elses kids on my tax return , what will happen? |
I put someone elses kids on my tax return, and got permission from the parents, if I would kick them down some money. I filed as head of household and got alot more back than I would of got myself. What is going to happen when I file next year? You and the kids' parent(s) have committed tax fraud. When you're caught you can expect massive fines and to be barred from claiming the Earned Income Tax Credit for 10 years. If the IRS decides to make an example of you (and this issue is a high-priority item with them this year) there is a good chance of hard prison time for all of you. Note that I said "when" you are caught, not "if" you are caught. The IRS reviews dependency and EITC claims very closely since there has been a LOT of fraud over the past few years. When the name and SSN of a taxpayer claiming a dependent changes it gets very close scrutiny from the IRS. Your only chance at avoiding very harsh penalties, including prison time, is to file an amended return and pay back the money you stole by April 17, 2007. Even then, that may not totally isolate you from prosecution since you have already filed a fraudulent return but it is your BEST chance right now. If you don't do that, maybe you and "baby mama" can be cell-mates. At least you won't be in the joint alone. And the kids won't be living with common criminals any more; I guess that that's a plus as well. Personally, I hope you get hammered with huge fine. Uh that's illegal isn't it? If they're not legally your children or living in your house. If the kids showed up on one tax return last year and then on a different return this year and then a different return next year, it will likely raise a flag which could trigger an audit. If you are not able to provide any documentation that the children lived with you for 6 months, it is very likely you will have to repay the refund plus penalties and interest. This is a crime punishable by law. I suggest you re-submit your returns. What can happened is you'll be stuck with these kids as long as you're working. Should there be a time when the parents found out that your kick-backs are more than what they're given, they may report you. Whichever way, you're a loser. you're going to jail buddy. I imagine you will go to jail. The IRS isn't known for their cheerful forgiving attitude. Filing once as a magical head of household with more than one kid is an audit flag, loosing them the following year should be an audit sky rocket. Good luck with that, and remember, they like their rookies shaved and timid in the big house. |
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