Divorced or Seperated with a Child?
Under the changed IRS tax rule, the parent with which the child resides for the majority of the year is considered the custodial parent and shall receive the child related tax benefits and/or credits, including the dependent exemption. The IRS no longer honors a divorce decree regarding the rights of claiming a child on a tax return. If you are a non-custodial parent and planning to claim the child on your return, you must complete IRS Form 8332, Release of Claim to Exemption for Child of Divorced or Separated Parents. This form requires the signature of the custodial parent and must then be attached to your tax return. If you want to e-file, this form must be sent to the IRS separately. We will assist you with completing the form when we prepare your tax return. This form also can be obtained from the IRS website (www.irs.gov).
