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srootie01

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  1. srootie01

    Taxes

    I have an 17 month old who lived with me and the mother for 7, almost 8 months of 2008. Although, the mother and I were never married, I contributed to at least 50% of her care in 2008. Can I legally claim my child as a dependent on my 2008 taxes, even though the mother claimed her as an dependent, even though she did not support her 100% in 2008? Justin
  2. srootie01

    Taxes

    I have an 17 month old who lived with me and the mother for 7, almost 8 months of 2008. Although, the mother and I were never married, I contributed to at least 50% of her care in 2008. Can I legally claim my child as a dependent on my 2008 taxes, even though the mother claimed her as an dependent, even though she did not support her 100% in 2008? Justin
  3. The term of the Land Contract is open ended. Reason being is the home is over 150+ years old and will not qualify for FHA financing and we just don't have the 20% to put down to go conventional. As far as financing is concerned, this is one area they have been willing to work with us on b/c it is going to be hard to get financing on this home, period! The only reason we considered buying it, is b/c of the location, acreage value and the fact that it is zoned commercial. Ultimately, we will probably just bull-doze the place down and get a construction loan. This seems to be the most advantageous route as far as we are concerned. So, do you have any advice or links you can reference me to in order to get some concrete answers quickly?
  4. My son and his former girlfriend have a 17 month old. I understand that the mother is the custodial parent, but the child and both parents lived with us (the father's parents) for almost 4 months of the 2008 (Feb-June) then moved out to reside in their own home for 3 months (July-Sept). They both equally supported the child during this time until they separated in October of last year. At that time, the mother and child moved in with her parents, where they stil reside to date. Who gets to claim the child on their 2008 taxes?
  5. My husband and I are buying our home on land contract. We purchased this home in Sept. 2007. We have a legal binding contract, however, it does not stipulate who can and cannot claim the taxes and interest. For 2007 and 2008, the sellers have claimed the taxes and insurance. It was not until I emailed you regarding a similar issue did I realize that maybe we are entitled to claim the deductions. The sellers have led us to believe that we are not entitled to claim the deductions b/c the house is still in their name. The problem is my husband and I have already filed our 2008 taxes. Can I amend our taxes and file not only for 2008 taxes and interest, but 2007 as well? Also, our homeowners insurance is included in our monthly payment. However, it only covers the dwelling of the home and not our contents. We would like to cease paying the sellers insurance and take out our own policy with our insurance company. Not only is the monthly premium cheaper, but our contents would be covered. In addition, we would receive a discount on our auto policy by having all of our insurance needs with one company. However, the sellers are rebuking this concept as well. Case and point, we had an issue back in January where our water pipes froze and busted in our kitchen. We had just put down laminate wood flooring in the kitchen 1 month prior. As a result of the pipes bursting, our faucet and sprayer broke, it separated the back-splash from the wall behind the sink, and it caused our new floor in and around the sink to lift and separate. We had the sellers come out and look at the damage b/c we were considering filing a homeowners claim. The sellers advised us that we could not file a claim b/c based on their assessment, it would cost us less to pay for damage out of our pocket than what the deductible would cost us and they did not want a claim on their policy b/c it would make it go up. We found out from their insurance agent that the seller opened this policy under the conditions that this was a rental property, not a land contract. Therefore, if the house would destroyed in a natural disaster, they would collect the insurance and we would be out of a house and our contents, not to mention the monies that we have absorbed in the home in the two years we have been there, which comes to the neighborhood of $5,000 dollars. What are our legal rights and recourse?
  6. My sister owns a home that her former boyfriend resides. He pays the mortgage, but the house is soley in her name. He took it upon himself to claim the taxes and interest on his 2008 tax forms. She found this out after the fact and now she is concerned because she needs the deductions and is afraid to claim. Does she have a legal right to report him and claim the taxes and interest on her 2008 taxes? Also, they have a child together and they both pay daycare. He has paid $4000 and she has paid $4000. In addition to claiming his $4000, he claimed her $4000 as well. Taking away yet another tax deduction that she should claim. What can she do to him legally and can she still claim what is rightfully hers when she files her 2008 taxes? Please respond as soon as possible as she is wanting to file her taxes in the upcoming week. Thank you, Stacy
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