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Tax Memo: Form 8332 - Online Term Paper

Tax Memo: Form 8332

TAX MEMO

I. FACTS

After 12 years of marriage, Rita and Aaron are divorced. Under the divorce decree issued by the presiding judge of Family Court, Rita is granted custody of their two children. The decree requires that Aaron make child support payments to Rita. The decree also awards Aaron the dependency exemptions for the two children.
On his tax return subsequent to the divorce, Aaron claims his two children as dependents. In justification of his claim, he attaches a certified copy of the divorce decree to his Form 1040. Upon audit of the return, the Internal Revenue Service (IRS) disallows the dependency exemptions because the return does not include a Form 8332 signed by ...

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504, Divorced or Separated Individuals, and (4) Tax Topic 354, Dependents. According to these forms and publications, in general, a custodial parent who elects not to claim the dependency exemption should complete Form 8332, provide it to the non-custodial parent who wishes to claim the dependency exemption, thus authorizing the non-custodial parent to claim the exemption. The consent of both parents is required in order to revoke Form 8332. If both former spouses try to claim the child as a dependent, both returns will be subject to further IRS review. The non-custodial parent must then attach the form or statement to his or her tax return in order to receive the dependency exemption.
However, if the custodial parent has a divorce decree or separation agreement that went into effect after 1984 and it states that the non-custodial parent may claim the child as his/her dependent without regards to any condition, such as payment of support, the non-custodial parent may attach ...

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Tax Memo: Form 8332. (2015, October 6). Retrieved November 4, 2025, from http://www.essayworld.com/essays/Tax-Memo-Form-8332/105049

"Tax Memo: Form 8332." Essayworld.com. Essayworld.com, 6 Oct. 2015. Web. 4 Nov. 2025. <http://www.essayworld.com/essays/Tax-Memo-Form-8332/105049>

"Tax Memo: Form 8332." Essayworld.com. October 6, 2015. Accessed November 4, 2025. http://www.essayworld.com/essays/Tax-Memo-Form-8332/105049.

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PAPER DETAILS

Added: 10/6/2015 06:39:31 AM
Category: Economics
Type: Premium Paper
Words: 609
Pages: 3

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