2007-01-31 16:29:15 · 10 answers · asked by sv911 3 in Business & Finance ➔ Taxes ➔ United States
if its not stated on a court order or divorce papers, then the IRS goes by this:
1) who ever pays more then 50% of the childs expenses (usually the custodial parent, because child support doesnt cover squat)
2) who ever the child resides with for a certain amount of months per year.
3) if both of you claim the child(ren), the IRS will audit both of you, and the one with the living expenses receipts wins.
question is, who of the two has something to hide?
here are the links;
TAX INFO
http://www.taxsites.com/index.htm
http://www.divorceinfo.com/taxes.htm
http://www.irs.gov/taxtopics/tc422.html
http://www.irs.gov/faqs/faq4-5.html
http://www.irs.gov/localcontacts/index.html
http://www.irs.gov/advocate/index.html
http://www.fms.treas.gov/faq/offsets_childsupport.html
2007-02-03 20:29:49 · answer #1 · answered by Yvette B yvetteb 6 · 0⤊ 0⤋
The parent who has custody gets to claim the child as a dependent. The parent who pays child support gets to deduct the amount of child support from his income.
2007-02-01 06:27:59 · answer #2 · answered by Anonymous · 0⤊ 2⤋
You're probably referring to cases of parents who are separated or divorced.
In this case, the parent who has custody of the child is entitled to claim the dependent on his/her return. If there's any court documents involved, it should also state that fact unless stated otherwise.
The custodial parent can sign a waiver for the other spouse to get the dependency exemption. This is done usually after some sort of agreement between the two parties usually for tax reasons.
2007-01-31 16:36:53 · answer #3 · answered by MrMojo1 5 · 2⤊ 0⤋
If you have custody and the child lives in your house the majority of the time (at least six months out of a year) is the one that gets to claim the child on income tax. If child is under I believe 17 you also receive child tax credit, which I believe has been increased. I believe it use to be 500.00 but was raised to 1000.00. I am not sure on that though. Check for your answer at www.irs.gov.
2007-01-31 16:36:16 · answer #4 · answered by Debbie H 3 · 0⤊ 1⤋
Child support money is not most of the money required to support the child, it's a small portion towards it. Anyway I think if you pay the right support you are supporting them and can claim them as dependent. Harriet
2016-05-24 00:53:23 · answer #5 · answered by Anonymous · 0⤊ 0⤋
The parent with which the child lives is the one who claims that child, you pay for the primary care of that child so it is you who gets the return. if the other parent asks for ss# dont give it under any circumstances. And if you find that your ex has claimed the child allert the irs and they will get him/her
2007-01-31 16:39:12 · answer #6 · answered by Anonymous · 1⤊ 0⤋
Depends... were you married? Custodial parent get's to claim the child, unless in your divoce papers you agreed to different terms.
2007-01-31 16:38:32 · answer #7 · answered by nachtrieb2 1 · 1⤊ 0⤋
Does the custody parent provide more than 50% of the financial support or are they a stay at home ?
It is suppose to go to whomever pays more than 50% of the child's upkeep BUT
this is usually spelled out in the divorce , what did yours say ?
If you guys missed it or are just separated, then you will have to come to a decision because if you both try,
Can you say tax fraud ? can you say mommy & daddy in jail ?
2007-01-31 16:35:49 · answer #8 · answered by kate 7 · 1⤊ 4⤋
The person that provides food clothing shelter and all other necessities of life. The person who has custody is the answer.
2007-01-31 16:35:36 · answer #9 · answered by bajllc 2 · 3⤊ 1⤋
The parent who pays.
2007-01-31 16:33:07 · answer #10 · answered by itry007 4 · 1⤊ 4⤋