Sharing Children For Tax Purposes

Starting with 2009 tax returns, a noncustodial parent claiming the tax exemption for a child much complete a Form 8332 if  you were divorced (or changed your agreement) after 2008. The noncustodial parent will have to attach Form 8332 singed by the custodial parent and whose only purpose is to release a claim to the exemption.

Check with your tax preparer and/or attorney if you think this situation may apply to you.