This article will discuss the requirements to claim a child as a dependent and the requirements for a non-custodial parent to claim an exemption. It also discusses the ”tie breaker” rule, voluntary release of the exemption by the custodial parent to the non-custodial parent, and a recent Tax Court decision that dealt with this issue.
Tag Archive for Scholarships
My husband and I chartered a course ourselves long ago in the stormy waters of visas, tax treaties and tax consequences. Considering taxes have just got even more complicated, so its no surprise that I field quite a lot of questions from various visa holders especially foreign students on F-1 visas. Suffice to say that the range of information for foreign students is too much to cover in one blog post, so I will focus on the main points. If you need any more information, you know where to reach me!
If you are a foreign student, you already know from your university that you are one of those who are subject to special rules with respect to the taxation of your income. Usually a foreign student is on an F, J, M, or Q visa. Read more
- How The “Assistance In Collection” Provisions In The Canada-U.S. Tax Treaty Facilitates “U.S. Citizenship Based Taxation”By John RichardsonI commented on an article titled: “Why is the IRS Collecting Taxes for Denmark?” which appeared at the “Procedurally Speaking” blog. The article is about the “assistance in collection” […]
- Tax Prodigy – Tax Provision Software Making Your Job EasierBy AdvertorialTaxes are complex. Accounting for income taxes, the ASC 740, is difficult. But with Tax Prodigy, the process becomes easy, comprehensive, and accurate. If you have the tools to help you, why would […]
- West Virginia: Focus On Tax ClimateBy Monika MilesKnown for its mountainous landscape and rolling hills, this month we travel east to West Virginia. The state has a rich history and is embedded in the Appalachian Mountains. West Virginia is known […]
- IRS: Tax Refunds Could Be Delayed In 2017By AdvertorialThe IRS has announced some people may have their tax refunds delayed next year. These tax refund delays are due to fraud prevention measures. Your refund is particularly likely to be delayed if you […]
- The President That You Elect Could Impact Your Estate TaxesBy Ronald MariniDuring my Estate Planning Attorney’s 30+ years as a senior attorney at the IRS and his subsequent career as a tax consultant, he has seen an ongoing struggle over the rate of tax to be imposed […]
- How The “Assistance In Collection” Provisions In The Canada-U.S. Tax Treaty Facilitates “U.S. Citizenship Based Taxation”