The Question:

What are the crucial facts to know to claim a dependency deductino?

Objectives

Print this sheet and fill in the information - then send it by fax or copy and paste it into an email to send to Bob Parrish CPA PC

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Fact Sheet - Dependent Exemption (deduction)

The following facts are crucial to determining whether a person qualifies for the dependency deduction.

1. Address of the dependent _____________________

   1. Did the dependent live with you all year?

2. What is the relationship to the dependent? ________________ Dependent - Member of Household or Relationship Test

3. Citizenship facts Dependent - Citizenship Test

   1. USA Citizen? ______

   2. Resident alien? ______________

   3. Resident of Canada or Mexico for any of the year? ____

4. Did the intended dependent file a joint return for the year? ____ Dependent - Joint Return Test

5. Did you provide for the person's support?  More than 1/2? ________ 

   1. If this is an issue see Dependents Support Test, Dependent Rules for Claiming, 

   Dependents - Multiple Support, Dependent Multiple Support Issues pt2, Dependents - Divorced Parents

6. How much income did the person receive? ___________ (if more than $2,700 you may lose the dependent deduction) Dependent Gross Income Test

7. Was this person your child? __________

8. What is the birth date of the dependent? ____/____/____

If the person is 19 or older then s/he must be a full-time student - 

9. Is the child less than 24 and a full-time student for some part of each of five months during the year? _____

Solutions  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 person or entity to another.

Kit to Prepare for Your Adviser

WARNINGS ABOUT THIS SITE'S CONTENT Bob Parrish CPA, P.C.