Event Description

Determining dependency is normally straightforward in most situations. However, with the changing family dynamic in current times, practitioners are more often facing unique living and social situations from their clients. In these unique circumstances, determining who is a dependent and who isn’t can be difficult. Through true to life discussion questions and plain English explanations of code sections, this course explores the modern idea of dependency after the Tax Cuts & Jobs Act (TCJA).

Objectives

• Identify changes to the personal exemption
• Indicate which tax credits are affected by dependency
• Recognize the different types of dependents and the qualification tests for each type
• Recall the rules for claiming a Qualifying Child in the instance where more than taxpayer may be eligible to claim the dependent
• Determine which taxpayers are able to claim a Qualifying Relative in the case of a multiple support agreement