Posts Tagged ‘Non-Custodial Parent’

Planning for Post Divorce College Funding and Taxes

Thursday, October 1st, 2009

2009 and 2010 bring a slew of changes to the structure of tax credits and deductions in the Federal Income Tax system. Today I would like to draw attention to the American Opportunity Tax Credit. The American Opportunity Credit expanded and renamed the Hope Credit for tax years 2009 and 2010. The expanded credit increases [...]

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Posted in College Funding, Debt, Divorce Financial Planning, Taxes | No Comments »

Dependency Exemptions for Non-Custodial Parents – IRS Form 8332

Wednesday, August 5th, 2009

The Internal Revenue Service released a memorandum on June 19, 2009, clarifying the rules governing non-custodial parent’s ability to claim a dependency exemption for their child.
Previously, the Service allowed a non-custodial parent to claim an exemption for a child if the custodial parent signed a written declaration releasing claim to the exemption and the non-custodial [...]

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Posted in Dependency Exemptions, Divorce Financial Planning, IRS Form 8332, Marital Settlement Agreements, Post divorce financial planning, Spousal Support, Taxes | No Comments »

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