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Podcast: Personal Income Tax Planning
Episode:

Developments in the Dependency Exemption for Divorced Parents
Category: Business
Duration: 00:00:00
Publish Date: 2005-08-25 14:00:00
Description: This podcast deals with children of divorced parents. 

Tax Court Summary Opinion (Oman v. Commissioner, TC Summary Opinion 2005-110) potentially sheds some light on the rule under the law in effect prior to 2005 about the dependency exemption for the noncustodial parent.

The matter at hand is what happens if the divorce decree clearly provides that the noncustodial spouse should be given the exemption, but a proper Form 8332 isn't filed with the return.

The answer in this case may surprise some practitioners who have followed other cases through the Tax Court.

As well, the podcast discusses the importance of the changes made to Section 152 by last year's tax law changes.

There are written materials you should download by clicking this link to look over while listening to the podcast.



This Podcast is sponsored by Leimberg Information Services, Inc. at http://www.leimbergservices.com

Please visit our software, books, and PowerPoint Presentations site at http://www.leimberg.com

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