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#2
02-17-2004, 12:37 AM
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 Re: a question on custodial parents Paul A Thomas wrote: - quote - > "Wcm7315" <wcm7315[at]aol.com> wrote
This might be what the IRS is saying now, but that could> > Am I correct in interpreting the rule (at least for TY 2003) > > concerning exemptions for parents as follows: If the parents > > were never married, custody does not determine who gets the > > exemption. It goes back to who is supporting the child. > > Correct? > Nope. > > From Publication 501 (2003) > EXEMPTIONS, STANDARD DEDUCTION, AND FILING INFORMATION > General rule. The parent who has custody of the child for > the greater part of the year (the custodial parent ) is > generally treated as the parent who provides more than half > of the child's support. It does not matter whether the > custodial parent actually provided more than half of the > support. > Parents who never married. These special rules for divorced > or separated parents also apply to parents who never > married. also be a misinterpretation of the Tax Court case in 2003 where never-married parents CHOSE to use form 8332 and were thus bound by its meaning. The STATUTE itself has not changed in the past year. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
02-11-2004, 01:01 PM
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| Re: a question on custodial parents wcm7315[at]aol.com (Wcm7315) writes: - quote - > Am I correct in interpreting the rule (at least for TY 2003)
Incorrect. We just had a thread on this. Search on "501"> concerning exemptions for parents as follows: If the parents > were never married, custody does not determine who gets the > exemption. It goes back to who is supporting the child. > Correct? in the subject line. All parents are now treated the same when determining the Support test for dependency. Phil Marti Topeka, KS << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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02-11-2004, 12:42 PM
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| Re: a question on custodial parents "Wcm7315" <wcm7315[at]aol.com> wrote - quote - > Am I correct in interpreting the rule (at least for TY 2003)
Nope.> concerning exemptions for parents as follows: If the parents > were never married, custody does not determine who gets the > exemption. It goes back to who is supporting the child. > Correct? - quote - > From Publication 501 (2003)
EXEMPTIONS, STANDARD DEDUCTION, AND FILING INFORMATIONGeneral rule. The parent who has custody of the child for the greater part of the year (the custodial parent ) is generally treated as the parent who provides more than half of the child's support. It does not matter whether the custodial parent actually provided more than half of the support. Parents who never married. These special rules for divorced or separated parents also apply to parents who never married. -- Snowmen fall from heaven unassembled. ------------- Paul A. Thomas, CPA taxman at negia.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
02-10-2004, 07:46 PM
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| a question on custodial parents Am I correct in interpreting the rule (at least for TY 2003) concerning exemptions for parents as follows: If the parents were never married, custody does not determine who gets the exemption. It goes back to who is supporting the child. Correct? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| custodial, parents, question |
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