- 6 - Form 8332, Release of Claim to Exemption for Child of Divorced or Separated Parents, requires the (1) name of the children for which exemption claims were released, (2) years for which the claims were released, (3) signature of the custodial parent, (4) Social Security number of the custodial parent, (5) date of signature, and (6) name and Social Security number of the parent claiming the exemption. In this case, Mr. Crowell attached to his 1998 and 1999 Federal income tax returns a Form 8332 signed by Mrs. Crowell with respect to the dependency exemption deductions for their children. Part I of that form, Release of Claim to Exemption for Current Year, allows Mr. Crowell the dependency exemptions for Cody, David, Ben, Beth, and Adam for the year 1995. Part II of that form, Release of Claim to Exemption for Future Years, allows Mr. Crowell dependency exemption deductions for Cody, David, Ben, and Beth for 11 years, 1996 through 2006. Both Parts I and II of the form are dated August 2, 1996. Respondent, in the notice of deficiency to Mr. Crowell, disregarded without explanation the Form 8332 and disallowed the dependency exemption deductions claimed for the four children for 1998 and 1999. Respondent likewise disallowed the four dependency exemption deductions for 3(...continued) Corp. v. Commissioner, 751 F.2d 123, 127 (2d Cir. 1984), revg. on other grounds T.C. Memo. 1984-145.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 Next
Last modified: May 25, 2011