I sometimes wonder if the Tax Court would have to lay off a judge or two, if it were not for dependency cases. Maybe not, as I imagine that they blow through them pretty quickly and almost invariably ...

Last week I was teaching the tax consequences of divorce. Generally, I break the content into three areas: (1) the taxation of alimony and child support; (2) the taxation of property distributions ...

In two recent cases, the Tax Court ruled on the validity of a dependency exemption release to a noncustodial parent. Taken together, the cases illustrate how a properly executed and filed Form 8332, ...

Generally, IRC section 151(c)(1) allows taxpayers an exemption for dependent children. In the case of divorced parents, the custodial parent gets the exemption. That parent, however, may release his ...

Want to unlock tax savings? Claiming a dependent on your tax return can reduce what you owe or boost your refund. But if you’re divorced, share custody or unsure about eligibility, the IRS rules can ...