Saturday, September 12, 2009

Squidoo: Streamyx Broadband

About the premiere broadband internet service provider in Malaysia, Streamyx

What's the most common cause Dsl tax debt?

One Connect Adsl the most common causes of tax debt is from people claiming dependent children for Earned Income Credit. Mostly these are people with lower income who are just looking for Net Speedometer little extra Broadband Service get by. A lot of these people get bad seri malaysia genting highlands from friends, family, Adsl Internet tax preparation companies. Or they're people who took care of a child that wasn't theirs, but was a friend's or relatives' child. Even as an IRS agent I felt bad for these people. But they made the mistake of listening to bad advice.

If it's too good to be true...

This small error in judgment can result in a tax debt of several thousand dollars that you can't afford. When filing your taxes make sure whether you can claim a child tax credit. We always watched for Earned Income Credit claims during my time with the IRS, because they were easy money. Do the research to make sure you know the requirements and see if you actually can get that tax credit.

Here is a brief list of the requirements for Earned Income Credit in brief that can be helpful in finding out if you qualify or not.

  • If you're married, living together, and the child is the biological offspring of both parents then there shouldn't be any problem with receiving earned income credit.

  • To claim a child, that child must meet the relationship, age, and residency tests.

1. Relationship: Son, daughter, stepchild, eligible foster child, or a descendant of any of them (for example, your grandchild), or brother, sister, half brother, half sister, stepbrother, stepsister, or a descendant of any of them (for example, your niece or nephew).

2. Age: The child must be under the age of 19, or under the age of 26 and a full-time student, or permanantly and totally disabled regardless of age.

3. Residency: The child must have been in your care internet radio dance least six months of the tax year.

  • Only one person can claim the child.

If your situation doesn't meet these basic requirements then claiming a child for Earned Income Credit would only result in a debt for you.

Now you have the smoking gun...Use it!

I'm Richard Close and I was a "Hit-Man" for the IRS. I took out anyone who owed the IRS money as my father had before me. Now I help thousands of Americans beat Uncle Sam and save thousands of dollars. Tax problems? Contact me and get free tips and techniques to deal with wage and bank seizures and slash tax debt: email me at IRS-Hitman@taxdefensenetwork.com or call 1-888-248-9058. Visit me http://irs-hitman.blogspot.com or http://www.taxdefensenetwork.com

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