IRS issues guidance on qualifying child tie-breaking rule.

• Author: Winton, Lisa A.
• Position: FROM THE IRS

Notice 2006-86 offers various examples of two or more taxpayers trying to claim the same child as a qualifying child. The guidance relates to claiming a child for purposes of determining heed-of-household filing status, the child and dependent care credit, the child tax credit, the earned income credit, the exclusion for dependent care assistance and the dependency deduction, unless the special rule relating to a noncustodial parent applies. According to...