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  #1  
Old 01-12-2007, 06:27 PM
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mylilangels mylilangels is offline
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Yes..another tax question..

Okay, our dfcs office told me we can claim our two foster children that we've had for over 13mths each..Now, when I called the IRS they told me I needed to do the worksheet, well the first ques is how much support do they bring in for themselves basically. We were told during impact that some goes to them and some is for our time etc. So do I only put down half the amt we get for per diem or the whole amt. I had a fp tell me that if I claim them they always come back and check and most of the time you end up owing what you got for them. I need to know soon as I'm getting my stuff together. I look at it like I get c.support and I don't have to use that for taxes so why should we with this? Thanks for the help..
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DH J of 4.5 yrs
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Kristopher 11yrs
Kaitlyn 8yrs

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Karsten Nicholas 2yrs (final July 10,2007)

Foster mom to
Fd K 6mos (leaving july 27th, we're taking a break)

Remember, God doesn't always seem to call the equipped, rather, equips the "called".

Last edited by mylilangels : 01-12-2007 at 06:29 PM.
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  #2  
Old 01-12-2007, 06:57 PM
Chancey Chancey is offline
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Well, we claimed our foster children last year. Yes, the IRS says you have to do the worksheet, but what they are not saying (or the worker didn't know) is that the law states that the "child did not provide more than half his or her own support". See the IRS publication http://www.irs.gov/pub/irs-pdf/p501.pdfhere on page 7, in the box "Tests to be a Qualifying Child". In the case of foster children, the State provides the support, the children do not, so you as the foster parent automatically qualify if you have had them for over 6 months. There is no need to do the worksheet cause all that is for is to determine if someone is your dependent. What I found with the worksheet is that it would apply more to you helping support your own parents where they do help pay their support.

Moreover, I had additional proof last year that we could claim our foster son. We filed without claiming him and had to cut a check for $700 to the IRS. A couple months later the above law was clarified for me and so I filed an amended return (talk about pointing the whole foster thing out to the IRS!!). The IRS hand correct 1 more error I had made in determing the dollar amount they owed us (it was in my favor) and sent us a check for $1500.
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  #3  
Old 01-12-2007, 08:30 PM
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LibbyHawkins LibbyHawkins is offline
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How?

How did you claim them, did you get their SS#?
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  #4  
Old 01-13-2007, 08:02 AM
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sunsetsky sunsetsky is offline
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Hi,
What if the fc is underthe age of 6 months? Do we use the x# provided on their health card for their ss#? Thanks for the info!
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  #5  
Old 01-13-2007, 10:21 AM
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mylilangels mylilangels is offline
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taxes

yes our cw gave us copies of their cards..i had been told by many ppl we can claim them, so i asked and they said yes..make sure it's a copy of the card though..lst yr they gave us a # but it was to late, well thank goodness b/c it was the wrong #..
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M(dfcs)
DH J of 4.5 yrs
Bio mom to
Kristopher 11yrs
Kaitlyn 8yrs

Adoptive mom to
Karsten Nicholas 2yrs (final July 10,2007)

Foster mom to
Fd K 6mos (leaving july 27th, we're taking a break)

Remember, God doesn't always seem to call the equipped, rather, equips the "called".
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  #6  
Old 01-13-2007, 11:08 AM
Kate1129 Kate1129 is offline
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I think it varies by state.

In my state we don't have to claim the income that is given to us. We only need to prove that they are were in our care more then half of the year.

In our case we paid to have our taxes done by a professional the first year so we knew the ins and outs. After that we've done them ourselves and it's been pretty easy.
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  #7  
Old 01-13-2007, 11:08 AM
Chancey Chancey is offline
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Our CW provided the SS numbers - actually copies of their cards!! I had to ask for one, but the last two they were automatically provided.
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  #8  
Old 01-13-2007, 12:18 PM
stevenstwin stevenstwin is offline
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Remember that you can only claim them if you've had them at least 6 full months. So if the child is younger, I don't think you can claim them at all -anyone have more info on this?

Quote:
Originally Posted by sunsetsky
Hi,
What if the fc is underthe age of 6 months? Do we use the x# provided on their health card for their ss#? Thanks for the info!
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  #9  
Old 01-13-2007, 01:49 PM
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bjhv5 bjhv5 is offline
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we could not claim sophia last year because she was under 6 months.
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  #10  
Old 01-14-2007, 08:08 PM
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AmahMama AmahMama is offline
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I was told that you had to have a foster child for the full year before you could claim them. I'm glad to hear it's down to 6 months. Since I do Foster Only, I usually only have them about 6 months - but not 6 months in the same year. . . Oh well, even tho' I had kids all year - they were different ones - so I guess I'm not gonna get that one. . . . .
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  #11  
Old 01-16-2007, 06:04 PM
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vesw01 vesw01 is offline
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You have to have the foster children in your care for more than 6 months during the calendar year - so they have to be there before so it has to be 183 days out of the year - then you get to claim them as your dependents. The money that the foster care system should not apply towards your income. This is non-taxable income.
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  #12  
Old 01-16-2007, 06:48 PM
h518may h518may is offline
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Or since birth. If you got them at birth, but under 6 months you can claim them. It's just like is you gave birth say in Oct. you would still claim the child, same with FC.
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  #13  
Old 01-17-2007, 05:14 PM
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sunsetsky sunsetsky is offline
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Hi h518may,
where did you get this information?
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  #14  
Old 01-17-2007, 07:53 PM
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Check with your tax preparer for sure or your tax software should help you. I am using Taxcut by HR block and it actually gives fosterchild as a dependent option - it then asks you how many months they have lived with you. The rule is that you have to provide more than 50% of their living expenses - so the infant should apply.

If someone finds out for sure, let us know. Then if that is the case, those that didn;t get to claim them last year might be able to file an amendant and get more money back.
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All it takes is 1 person to change the system.

DS - 14
DD - 4
FD - 5 (came to us 3/1/06)
FD - 3 (came to us 3/1/06)

Former Placement
FD-12 was here 14 months, failed adoption <sigh>
FD- 2 was here for a week before the accident
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  #15  
Old 01-17-2007, 09:28 PM
h518may h518may is offline
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had from birth.

IRS publication 972

child tax credit

look under qualifying child - exception to time lived with you

"A child is considered to have lived with you for all of 2006 if the child was born or died in 2006 and your home was this child's for the entire time he or she was alive." page 2 under qualifying child

Hope that helps anyone.

April
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