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Football Dad Beats IRS In Tax Court

Football Dad Beats IRS In Tax Court

Weakness in the dependency exemption system that the Form 8332 was supposed to solve.  The system is based on the assumption that there will be a custodial parent designated, but that is not necessarily the case.  I’ve seen in practice that it can be a rather murky question.

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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.