{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

56 - dependent(absent the support test then one person who...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
What is a multiple support agreement and what is its purpose? Answer: Normally, in order to claim someone as a dependent a taxpayer must provide more than half the support of the person. At times, an individual may receive support from multiple persons, but no one person has provided more than 50% of the support. In such a case, a multiple support agreement can be signed. If every one of the persons providing support could claim the individual as a
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: dependent (absent the support test) then one person who provided more than 10% of the support can receive the dependency exemption if all persons sign a written multiple support agreement. The purpose of the agreement is so someone can obtain the dependency exemption rather than no one. Further, the agreement provides a mechanism such that all parties can agree on who that person should be...
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online