- 6 - the year. In addition, Audra did not sign a Form 8332 that she would not claim the children as dependents for the year at issue nor a statement conforming to the substance of Form 8332. Likewise, petitioner did not attach a Form 8332 or similar written statement to his return for 2001. Accordingly, petitioner is not entitled to the dependency exemptions for 2001. Section 24(a) provides that a taxpayer may claim a credit for “each qualifying child”. A qualifying child is defined, inter alia, as any individual if “the taxpayer is allowed a deduction under section 151 with respect to such individual for the taxable year.” Sec. 24(c)(1)(A). For the reasons stated above, petitioner may not claim a dependency exemption deduction for any of the children under section 151. Accordingly, he is not entitled to claim a child tax credit with respect to the children for 2001. To reflect the foregoing, Decision will be entered for respondent.Page: Previous 1 2 3 4 5 6
Last modified: May 25, 2011