You also may be able to deduct amounts you have spent for that person's medical or dental expenses. You may be able to take the deduction even though that person is not your dependent. The form can help employers determine if a worker will qualify them for a tax break.
Many accountants view their goal as minimizing their clients' taxes.
I like to see my clients pay more taxes - because their earnings and profits are increasing dramatically. I can make a major difference in achieving those profits. Call me and find out more. A mutual fund account with a fluctuating daily price per share can create some unusual and unexpected tax consequences. Each time you sell some share or write a check on a mutual fund account, you create a taxable event.