- 4 - is not an issue in the present case. Petitioner claimed the child tax credit in the amount of $800, $400 of which applied to Sheclyia. Respondent allowed the exemption and child tax credit with regard to Sheclyia. Ms. Allsopp claimed Everton and Aldwyn as her dependents for the 1998 taxable year. During the 1998 taxable year, petitioner did not have physical custody of Everton, Aldwyn, and Clyde, Jr. Neither petitioner nor Ms. Allsopp executed or signed a Form 8332, or a similar declaration for the 1998 tax year. Respondent issued a notice of deficiency to petitioner in which respondent disallowed two of petitioner’s claimed exemptions for the 1998 taxable year as well as a portion of the child tax credit in the amount of $400. Discussion I. Dependency Exemption Deduction A dependency exemption generally is allowed under section 151(a) for each dependent of a taxpayer. Sec. 151(a), (c)(1). In general, a child of a taxpayer is a dependent of the taxpayer only if the taxpayer provides over half of the child’s support for the taxable year. Sec. 152(a). A special rule applies to taxpayer-parents (a) who are divorced, who are separated, or who live apart for at least the last 6 months of the calendar year, and (b) whose child is in the custody of one or both parents for more than half of the year. Sec. 152(e)(1). Under this rule, ifPage: Previous 1 2 3 4 5 6 7 8 9 10 Next
Last modified: May 25, 2011