US Master Tax Guide -TAGGED!!

This is a reflection of my life & times:

2008 US Master Tax Guide- page 123:

"Income received by a permanently and totally disabled individual at a sheltered workshop school is disregarded in determining that individual's status as a dependent.

145. Exemption for Married Child. A parent cannot claim a married child as a dependent if the child joins their spouse in filing a joint return under Code 6013 (Code Sec. 152(b)(2)). The sole exception that allows the claiming of a married child as a dependent is if the married child joined in filing the joint return for the sole purpose of claiming a refund and neither the child nor the spouse would have a tax liability if they filed individually. (see P 138).

147. Support of a "Qualifying Relative" Dependent. A taxpayer must furnish more than one-half of the total support provided for a "qualifying relative" dependent during the calendar year before claiming an exemption for that individual (but see the special rule for children of divorced parents at P 139) (Reg 1.152-1). If more than half of the support is provided by two or more people, the dependency exemption is not necessarily lost.

__________

Kind of a cliff-hanger. What would cause the dependency exemption to be allowed? HMMM!

On Hold by Uncle Sam!

Due to my slavish devotion to the government agency below, this blog is in sleeper mode until April 15, 2008!

Love you all- Tammy