There are severe penalties attached to the incorrect (negligent or fraudulent) claiming of any of the credits or the filing status listed below. These penalties are imposed on both the taxpayer and the tax preparer. In some instances, the taxpayer may be barred from claiming Earned Income Credit for a period of 10 years.
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If you claim any of the Following Credits
If you have children:
Expenses that prove that you provided more than one-half of the cost of keeping up the home in which you and your child(ren) live.
- Earned Income Credit
- Child Tax Credit/ Additional Tax Credit
- American Opportunity Tax Credit (American Opportunity or Lifetime Learning Credit)
- Other Dependent Credit
- Head of Household Filing Status
If you have children:
- 1. Your child’s birth certificate
- 2. Adoption records
- 3. Foster Care Placement documentation
- 4. Your child’s school records
- 5. A doctor’s letter or Medical Insurance Documentation
- 6. Divorce decrees
- a. Sales books
- b. Appointment books
- c. Bank Statements
- d. Financial Records
- e. Licenses, or permits, or Insurance coverages
- a. Form 1098-T (provided by the educational institution)
- b. Tuition bills and proof of payment
- c. Any other document that supports the amount of tuition claimed
Expenses that prove that you provided more than one-half of the cost of keeping up the home in which you and your child(ren) live.
- a. Amounts paid for rent, insurance, repairs, utilities, food, etc.
- b. Form 1098-T (provided by the educational institution)
- c. Tuition bills and proof of payment
- d. Any other document that supports the amount of tuition claimed
- e. Rental lease if one exists