What If My Ex Won’t Sign Form 8332?
If your ex won’t sign Form 8332 to let you claim the kids, you don’t have a lot of good options.
What Tax Benefits Does Form 8332 Give?
With a Form 8332, the non-custodial parent can claim the dependency exemption for the child and also claim the child tax credit.
Dinesen Tax Greatest Hits: When a Temporary Absence is Not a Temporary Absence
Since it’s a holiday week, I’m reaching into the archives and re-running popular stories from days gone by. This story is about a Tax Court ruling over dependency exemptions relating to separated couples. —– Originally published October 17, 2011 A man by the name of Mr. Alarcon lost a Tax Court case on Monday over […]
When a Temporary Absence is Not a Temporary Absence
A man by the name of Mr. Alarcon lost a Tax Court case on Monday over whether he could claim the dependency exemptions for his two kids while he and his wife were separated and the kids lived with the wife. Mr. and Mrs. Alarcon separated in late 2006. They lived apart in 2007; she […]
Gay Marriage, Divorce and the First-Time Homebuyer Credit
Divorces are often messy — and are even messier when the couple getting a divorce is a same-sex married couple. One of the messes that can pop up is recapture of the Homebuyer Tax Credits. Background The Homebuyer Credits existed in several forms between 2008 and the first part of 2010. Many people claimed these […]
Tax Court Case: Noncustodial Parent Loses Dependency Exemption
A recent Tax Court case serves as a good reminder for noncustodial parents to make sure proper IRS procedures are followed when filing tax returns, or else the noncustodial parent could lose the right to claim the kids as dependents. The case involved a Mr. Briscoe, who was involved in a divorce in 2002 in which […]
