Re: Tax/Insurance problem - Too much $ to be a dependent
For 2004 I filed as a dependant and paid taxes on about 16k of winnings. My family and I had no problems. My dad is a scrupulous CPA and never mentioned anything about this. I still will be covered by my dad's health insurance plan until I am 23 (another 6 months). My father is fully aware that my winnings for 2005 will probably be significantly more than 2004 and yet he never said anyhting about losing dependant status for 2005.
Hope that helps.
|