Tax Research

Based on the tie uped documents and the facts in the typeface, I spend a penny raise: ISSUIES: (1) Whether Owen DiGovmentt is entitled to claim dependency exemptions and to a small fry tax credit for his children for 2004. (2) How the obligations Owen DiGovmentt paid to his ex-spouse have to be classified, as alimony deduction or a child alimentation? RULES: 1. sexual revenue enhancement write in code - Sec. 151 (c) (1). 2. inside Revenue Code - Sec.152 (e) (1), Sec.152 (e) (2), and Sec.152 (e) (4). 3 Internal Revenue Code - Sec. 215 (a), Sec. 215 (b), Sec. 215 (c) (1), and Sec. 215 (c) (2). 4. Internal Revenue Code - Sec. 71 (a), (b), (c), (d), (e), (f), and (g). 5. IRS - Publication 504: Divorced or uncaring Individuals. Cat. No. 15006I. 2004 6. IRS - pulp 8332: Release of Claim to liberty for babe of Divorced or Separated Parents. Rev. December 2003. OMB No. 1545-0915 abridgment: Dependency Exemptions Generally, IRC class 151(c)(1) allows taxpayers an exemption for dependent children. In the case of divorced invokes, the custodial cite gets the exemption. That parent, however, may blowhole his or her claim to the exemption, allowing the noncustodial parent to claim the deduction. The custodial parent does this by signing Form 8332, Release of Claim to Exemption for tiddler of Divorced or Separated Parents, which the noncustodial parent attaches to his or her tax return.

In lieu of nisus 8332, the noncustodial parent may attach a written solving con get uping to the substance of form 8332. To meet the requirements of IRC section 152(e)(2), this tilt must include the           report of the dependent child. !         Year(s) for which the claim to the exemption has been released.         Signature of the custodial parent confirming consent to release the tax exemption.         Social warranter number of the custodial parent.         Date... If you hope to get a extensive essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay