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2 Form 8332 can be used both on release and revoke dependency exemption for child. Bernice should revoke the prior waiver by filing part III of another Form 8332. After completing Part III of Form 8332 and providing a copy of the form to Nate, who is the non-custodial parent in 2010, the revocation can only be effective starting 2011. 1 Bernice can also try to bring Nate to Court to see how to penalize him for being delinquent in his child support payment by having Nate to share the dependency exemptions (mainly a money amount) with her. Footnotes 1. IRS website of http://www.irs.gov/pub/irs-pdf/f8332.pdf Part III. Complete Part III if you are revoking a previous release of claim to exemption for your child. Write the specific future year(s) or “all future years” in the space provided in Part III. The revocation will be effective no earlier than the tax year following the year you provide the noncustodial parent with a
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Unformatted text preview: copy of the revocation or make a reasonable effort to provide the noncustodial parent with a copy of the revocation. Also, you must attach a copy of the revocation to your tax return for each year you are claiming the exemption as a result of the revocation. You must also keep for your records a copy of the revocation and evidence of delivery of the notice to the noncustodial parent, or of reasonable efforts to provide actual notice. Example. In 2007, you released a claim to exemption for your child on Form 8332 for the years 2008 through 2010. You would now like to revoke the previous release of exemption. If you complete Part III of Form 8332 and provide a copy of the form to the noncustodial parent in 2009, the revocation will be effective for 2010....
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This note was uploaded on 02/02/2010 for the course ACCT 1B taught by Professor Bobd during the Spring '09 term at Las Positas College.

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