Claiming Child as Dependent on Taxes as Noncustodial Parent

Yes you can have an agreement as to who claims your daughter. By filing form 8332, the custodial parent can release her claim to the exemption so...

Line 3a asks for the name and address of your agent for service of process. This individual (or registered corporate agent) is responsible for...

How do my ex and I file taxes when sharing 50 50 custody of our son?

Since you will not be filing a joint tax return together, your son will be treated as the "qualifying child" of the parent with whom he resided for...

Can I get in trouble if claimed my daughter on my taxes and her mother was receiving welfare but no cash aid and lived with me?

Based on these facts, it appears that you can claim your daughter as a dependent. Your daughter is considered a "qualifying child" of the parent...

Do I have to report the rental money income from my 2nd home to IRS?

Yes, the $25k rent you have collected is considered income and therefore it must be reported. However, you can claim deductions for certain...

Can we take the 121 tax exclusion on the sale of our house?

Based on these facts, it seems that you do qualify for the exclusion, which requires that the house be used as your principle residence for 2...