Podcasts Other Ed Zollars' Tax Update Podcast Developments in the Dependency Exemption for Divorced Parents

Developments in the Dependency Exemption for Divorced Parents

Published: Aug. 26, 2005, 4 p.m.

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Weekly podcast 12 dealing with children of divorced parents. A\\nrecent Tax Court Summary Opinion (Oman v. Commissioner, TC\\nSummary Opinion 2005-110)\\npotentially sheds some new light on the rule under the law in\\neffect prior to 2005 about the dependency exemption for the\\nnoncustodial parent. The matter at hand is what happens if the\\ndivorce decree clearly provides that the noncustodial spouse should\\nbe given the exemption, but a proper Form 8332 isn\\xe2\\ufffd\\ufffdt filed with the\\nreturn. The answer in this case may surprise some practitioners who\\nhave followed other cases through the Tax Court.

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As well, the podcast discusses the importance of the changes made\\nto Section 152 by last year\\xe2\\ufffd\\ufffds tax law changes.

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

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