Can a Child Be Treated as a Dependent of Both Parents for Tax Purposes?

Posted on September 15, 2008 by J. Benjamin Stevens

Revenue Procedure 2008-48, released by the Internal Revenue Service, describes the circumstances under which it will treat a child of parents who are divorced, separated, or living apart as the dependent of both parents.  These circumstances are very specific, and they deal with §§ 105(b), 106(a),132(h)(2)(B), 213(d)(5), 220(d)(2) and 223(d)(2) of the Internal Revenue Code when the custodial parent has not released the claim to the  exemption for the child under § 152(e)(2).  You can download a detailed explanation of RP-08-48 by clicking HERE.

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