The-Tax-Lady
Level 9

I have few clients who want to revoke the 8332 for TY2021 because they don't believe it is fair for the other parent to receive the money designed "to lift children out of poverty", when they have no involvement in the child's life.

Even though I won't be doing their returns next year, I'm getting the calls. Do the regular rules for "Qualified Child" and "Separated/Divorced Parents" apply to this Advance credit, regardless of who is the Custodial/Residential parent? I've researched it a bit and I can not find any requirement that the child must have physically lived with you over 6 mos. in 2021 to be eligible for the Advance.

 

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