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Multiple Support Agreements
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Who qualifies for claiming a dependent if no single person provides more than 50% of the support, and a group of more than two provide the support?
The IRS has made a special provision for this circumstance - we shall refer to this as a "Multiple Support Agreement". This page will cover the most common aspects of this circumstance and make you familiar, in general, with the provisions thereof. If no one taxpayer provides more than one-half of the support for an individual, any taxpayer who actually provides more than 10 percent of the individual's support can be treated as having met the support test if a is filed. To be eligible to use a, more than one-half of the individual's support must be received from a group of persons (including the taxpayer), each of whom would otherwise have been entitled to claim the individual as a dependent if the taxpayer had furnished more than one-half of the individual's support, and no one taxpayer furnished more than one-half of that support. The taxpayer who claims the exemption under the must have contributed more than 10 percent of the individual's total support during the year, and every taxpayer in the group who contributed more than 10 percent must file a written declaration that he will not claim that individual as a dependent for that year. The declaration must be attached to the return of the taxpayer claiming the dependency exemption.
Solutions are dependent upon facts & circumstances, law and the objectives. These elements vary from one time to another, from one circumstance to another and from from person or entity to another Prepare the Dependents - Support Test (Word Format) (GIF Format) Determine the dollar amount each person has expended and the percentage amount each person has provided. Decide among those providing the support who will claim the dependent.
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