the matter is settled

[jainen]

Concerning our long-ranging debate on qualifying child, the IRS has just this morning released Notice 2006-86. The tiebreaker rules apply to all five benefits (in fact, it seems they've come up with a sixth one now) as a group.

That means that if the tiebreaker claims the child for dependent or EIC or HoH, nobody else gets anything--no more "splitting." The only exception is the normal one for non-custodial parent with Form 8332.

This notice is retroactive to 2005 and will be included in future regs, so the matter is settled.

[fliszt]

jainen, thanks for posting this information.
Larry M.

[Jan]

IRS Notice

Where is a good link to these IRS notices (Notice 2006-86) and others?

Thanks

[Unregistered]

RIA posted the notice today in its Newstand. It's an advance notice that will be found in the IRB 2006-41. Notices, revenue rulings, treasury decisions and so on are published in the IRB which comes out weekly.

http://www.irs.gov/businesses/lists/0,,id=98230,00.html

This site is where you can open the IRB and read as much as you want. Save the site into "your favorites" on your computer. IRB 2006-41 is not yet posted - as noted above RIA (and probably others) gave an advance peek.

New York Enrolled Agent

[jimmcg]

Try cch.com and click on tax.