Can i claim my son at the end of the year when everyone gets their tax returns?

It is your responsibility to keep track of how much you are paid. You are the one that gives the receipts to your clients. How much did you earn? Does your boyfriend live with you? If he does he may be more entitled to claim the child then you are. If he is entitled then it is not up to you to give him permission. If he does not live with you then you can sign a form 8332 and he can claim the child tax credit and the exemption and you claim EIC. Not enough info here.

It's YOUR income and YOU should be keeping track of it, keeping records of income and expense Read up on self employment at www.irs.gov. . . . . .get the schedule C and instructions. . . . . That you are paid in cash or check is irrelevant, it is still reportable Your clients would be happy to have a record from you of how much they paid you at the end of the year, so that they can include it in their tax return to see if they qualify for the Child and Dependent Care Tax Credit Reconstruct your records NOW if you have not been doing so Yes, if you have income, more than $400 ins self employment, you are REQUIRED to file a tax return; Yes, you may be eligible for receiving EITC for your son and self; You may file Single with a Dependent; or HOH IF you qualify; of course the BabyDaddy is also eligible to file claiming the baby, either Single with Dependent or HOH, depending. . . . .who is paying rent and utilities? who is paying MORE than half the cost of providing a home for self and child. . . . . If you two are together and both parents of the child, you each have right to claim the child; if you can't agree which ONE of you is to claim the child, the IRS says the one with higher income gets to claim the child; So it's not exactly your call IRS frowns on contracts to transfer tax refunds from one person to another

Custodial parent your home that you are maintaining for you and your child to live in and the child does live you for 183 nights or MORE during the tax year 2011 and you have the REQUIRED PROOF that you would need for this purpose if you should ever NEED to produce it at some future time in your life. Very good daily detailed written records and receipts of all of the ordinary and necessary expense of the business operation is one of the NEEDED requirements for any one that is involved in any type of self employed independent contractor business operation. You would be a self employed independent contractor with your own business operation and your ORDINARY and NECESSARY business expenses that you NEED to have GOOD detailed daily written records of for this purpose will HAVE to reported on each separate LINE of the schedule C of the 1040 tax form for this purpose. And here you go using the below information should help you get started for your first year as a self employed independent contractor and as you progress and your business starts to grow you may even need some good professional assistance with it for your future. Schedule C and the SE of the 1040 federal income tax return read each line when you start at the top of the page on the schedule C for your self employed independent contractor business operation your name is fine your social security number is fine and your present home address can all be used for this purpose just do NOT try to make it complicated and read each line and word and understand what it says and do what it says and then you should NOT have any problem. You can also find the line by line instructions for the schedule C by using the www.irs.gov website and using the search box for the schedule C 2010 Instructions for Schedule C (2010) 2010 Table of Contents Profit or Loss from Business http://www.irs.gov/instructions/i1040sc/%E2%80%A6 Specific Instructions http://www.irs.gov/instructions/i1040sc/%E2%80%A6 BUT GOOD detailed records are really necessary for your business operation to succeed. For your 1040 Federal income tax reporting you would use the below enclosed information for this purpose. Use the search box at www.irs.gov for Publications and Forms for the Self-Employed http://www.irs.gov/businesses/small/arti%E2%80%A6 All of your gross income from all sources of worldwide income will be reported on your correctly completed 1040 federal income tax return. Using a receipt book to make a receipt for each time that any one pays you in any way or item or trade for the amount of $$ value that is received at that time and totaling the gross self employed income for the tax year with any other 1099-MISC income that is received after the end of the tax year and entering the total gross $$$ value amount on the schedule C line 1 GROSS receipts from your trade or business In general, taxpayers may deduct the ordinary and necessary expenses for conducting a trade or business. An ordinary expense is an expense that is common and accepted in the taxpayer’s trade or business. A necessary expense is one that is appropriate for the business. Generally, an activity qualifies as a business if it is carried on with the reasonable expectation of earning a profit. You would have to be sure that you handle your business deductions correctly for your business operation. For instructions and forms go to the IRS.gov website and use the search box for publication 334 a very good place to start with examples. Publication 463 Travel, Entertainment, Gift, and Car Expenses Use the search box at the www.irs.gov website for Small Business and Self-Employed Tax Center Filing Season Central is your one stop assistance center for filing your business returns. This includes Highlights of Tax Law Changes, Tax Tips, and more. 2 of the seven tax tips for starting a business enclosed below. Go to the IRS gov website and use the search box for the below referenced material *Publication 4591, Small Business Federal Tax Responsibilities (PDF 470.1K) http://www.irs.gov/ http://access.wa.gov/business/taxes.aspx Hope that you find the above enclosed information useful for your situation and good luck to you. 10/27/2011

Where does the child's father live? If he lives with you and has a higher income, he wins the tie-breaker to claim the child on his taxes and does NOT have to clear this with you, nor does he have to share the money. If he makes less than you, you win. If he makes more and agrees not to file, you can claim the child. If he doesn't live you, he has no rights unless you sign a form 8332. Next, babysitting in your home is taxable income to you. If you made more than $400, you must file and pay the 13.3% self-employment tax. if your income is more than $9500, you will also owe income tax. If you are able to claim EIC and the Additional Child Tax credit such that you get a refund, you MUST be able to prove you had the income. This will be difficult if you have been accepting only cash and haven't been depositing that money directly into a bank account before spending it. (You can ask all the parents to sign a letter with their name, address, SSN and amount they've paid you.)

first of all, the parent with whom the child spends the majority 'nites' with claims the child, and this child was born well before the Dec. 31, deadline and is a dependent for 2011 then to your baby sitting money, this needs to be reported on a sch C and probably SE as well, let's hope you kept good records of your income so you can complete those forms if you qualify for the child's dependency(noted above) you file head of household and since the Sch C is earned income you are entitle to EIC as well you can find these forms(previous years, 2011 is not ready) at www.irs.gov as well as publication 17 which should help you don't count and any ''papers' you might have him sign they won't be worth the cost of the paper one side light if there is a problem determining which parent has the majority 'nites', the parent with the higher income claims the child

i agree mostly with TAX LADY it does depend whether or not the baby daddy lives with you or not and who makes more money, seeing that you work for your self and get paid cash there is no paper trail as to whether you have this business or not. so if he lives with you then your only bet is to do as was said in a previous answer have the parents of the kids you baby sit vouch for you in that how much they pay you their names ssn ( this is for when the parents file their own returns and want to put down that they pay for their child to be baby sat, they can receive a deduction towards their income bla bla) and it would help to have a notary of republic stamp it. but at the end of the day it would be kind of a hassle bc if you work out the numbers your self and you realize you are not making as much money as the babys father you have no choice as to whether or not you get anyone of that money. and also that contract i believe actually would not work out but im not exactly sure because usually in a contract it cant be one sided or it becomes voidable. anyway best of luck sorry for the essay