New Mexico
All, my wife has an agreement with her ex-husband that they claim the child tax credit on alternate years. And we have done so for 2015 and 2017.
Now the ex-husband is asking that we file 1040X forms to reneg our claim for those years so that he may file retroactive tax returns - I guess his situation means that he will stand to gain a better refund. I am willing to help out for the sake of civility, also he will compensate us for time etc.
All I find on google is people have forgot to claim, hence the reason for a 1040X. Are there any implications in removing a child in a 1040X? What are some issues we may face?
Thanks!
All, my wife has an agreement with her ex-husband that they claim the child tax credit on alternate years. And we have done so for 2015 and 2017.
Now the ex-husband is asking that we file 1040X forms to reneg our claim for those years so that he may file retroactive tax returns - I guess his situation means that he will stand to gain a better refund. I am willing to help out for the sake of civility, also he will compensate us for time etc.
All I find on google is people have forgot to claim, hence the reason for a 1040X. Are there any implications in removing a child in a 1040X? What are some issues we may face?
Thanks!