Yet today, we know that sports performance is a rigorous, demanding, and highly professionalized career for many people. Some participate as performers; others with a performance background in college athletics move into management, coaching, and other professional roles related to sports.
Form 8332 is used by custodial parents to release their claim to their child's exemption. If you are the custodial parent, you can use this form to release a claim to exemption for your child so that the noncustodial parent can claim an exemption for the child or revoke a previous release of claim to exemption for your child.
After choosing to itemize your deductions, you may claim the Child and Dependent Care credit on Form 1040, 1040A or 1040NR. The IRS places a dollar limit on the amount of expenses paid for the year to claim the credit.