Multiple Support Agreement

0.01 sec.

If two or more persons who would otherwise be entitled to an exemption for a dependent other than a qualifying child, together furnish more than half the dependent's support (but no one individual provides more than half), any one of them who furnishes more than 10% of the support is entitled to the exemption if all the others who furnished more than 10% of the support file written declarations that they will not claim an exemption for the individual for that taxable year. Form 2120 is used for this purpose.

Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		References in periodicals archive	?		Financial browser	?		Full browser	?
No references found			If more than one child shares in a parent's support, multiple support agreements (MSAs) may be used to realize tax savings. Supporting a parent by Fiore, Nicholas / Journal of Accountancy In community property states, the exemption may be lost unless the taxpayers execute a multiple support agreement. Poor divorce planning can be costly by Dancer, W. Terry / Journal of Accountancy From the standpoint of minimizing taxes for the family as a whole, the taxpayer entitled to claim a dependent under a multiple support agreement should be the one who would realize the greatest tax savings from the medical or nursing home expense deductions. Paying the medical or nursing home expenses of others: easing the ... by Sprohge, Hans / The Tax Adviser			Multilateral Investment Guarantee Agency Multilateral netting system Multilateral Steel Agreement Multilith Multimaturity Bond Multinational Multinational Corporation Multinational Netting Multinational Restructuring Multiperiod Immunization Multiple Multiple Arbitrage Multiple Compression Multiple Discriminant Analysis Multiple Insurance Multiple Listing multiple listing service Multiple Management multiple option strategy Multiple peril insurance Multiple Protection Life Insurance Policy Multiple Rates of Return Multiple Regression Multiple Round Lots Multiple Shop Multiple Support Agreement Multiple Taxation Multiple-Discriminant Analysis Multiple-Issuer Pool Multiple-Issuer Pools Multiples Multiplicador Multiplier Multiplier Effect Multirule system Muni Municipal Municipal Bond Municipal Bond Fund Municipal Bond Insurance Municipal Bond Unit Trust Municipal Convertible Municipal Finance Officers Association Municipal Improvement Certificate Municipal Inflation-Linked Securities Municipal Investment Trust Municipal Issuer Municipal Jurisdiction municipal mortgage enhancement Municipal Note Municipal Notes			multiple store multiple store multiple stores multiple stores multiple stores multiple stores multiple stores multiple stratification Multiple Streams Of Income Multiple Structural Alignments Multiple Sub-Carrier Modulation - Subcarrier Signal-Point Sequence Multiple sub-nyquist sampling Encoding Multiple Subcarrier Modulation Multiple Subcarrier System with Subcarrier Signal-Point Sequence Multiple Subcutaneous Insulin Injection Multiple Subject Teaching Multiple Subject Teaching Credential Multiple Subjects Assessment for Teachers Multiple Subpial Transsection Multiple Subscriber Equipment Multiple Subscriber Number Multiple Subscriber Organization Multiple Substrate Lipid Kinase Multiple Successive Correction multiple suckling multiple suckling multiple suckling multiple suckling multiple suckling multiple sulfatase deficiency Multiple Support Agreement Multiple Switch Board multiple switchboard Multiple Symbol Detection Multiple Symbol Detection for Dual-Maximum Receiver Multiple Symbol Detection for Single-Maximum Receiver Multiple Symbol Estimation multiple symmetric lipomatosis Multiple Synostoses Syndrome 1 Multiple system atrophy Multiple System Atrophy of the Striatonigral Degeneration Multiple System Atrophy Patients with Parkinsonism Multiple System Cascading Failure Multiple System Cascading Failure Effect Multiple System Coupling Multiple System Networking Facility multiple system operations Multiple System Operator Multiple System Organ Dysfunction Multiple System Tauopathy with Presenile Dementia Multiple Systems Evaluation Program Multiple Systems Operators Multiple Target Assessment Model Multiple Target Attack Multiple Target Discrimination

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.