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Since 1984, significant tax law changes have affected divorcing parents’ tax entitlements concerning their children. In 2004, a dependency exemption for a child can result in a $3,100 exemption for a parent. The amount of exemption varies each year.
Robert Stone, CPA, ABV, CFF, Senior Client Services Principal at Kaufman Rossin, one of the Top 50 CPA and advisory firms in the U.S.
The Kaufman Rossin Group consists of Kaufman Rossin CPAs and Advisors, a professional association providing accounting and advisory services; its wholly owned subsidiaries Kaufman Rossin Wealth, LLC, an Investment Adviser; Kaufman Rossin Insurance Services, an insurance solutions provider; Kaufman Rossin Registries, LLC, a registered agent; and Kaufman Rossin Professional Services Private Limited, an India-based professional services provider; as well as its affiliated entities, Kaufman Rossin Alternative Investment Services, LLC, a full-service fund administration provider, and Mary Street Capital, an investment banking affiliate.
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