Research sources include Rev. Rul. 73-156, 1973-1 C.B. 58 — Bob and Sue were expecting baby January but was rushed the hospital
Law & GovernanceGeneralWorked Solution
Bob and Sue were expecting a baby in January, but Sue was rushed to the hospital in December. She delivered the baby but it died the first night. Are Bob and Sue entitled to a dependency exemption for the baby?
Research sources include Rev. Rul. 73-156, 1973-1 C.B. 58.
🔒
Unlock the complete assignment
You are viewing the free preview. Purchase this assignment once to reveal the complete resource.
$9.99 USD
Secure checkout is completed by Stripe.
SOLUTION
The full exemption deduction for a dependent is available even though the dependent is bornor dies during the year. In Rev. Rul. 73-156, 1973-1 C.B. 58 the IRS ruled that an exemption may be claimed if state or local law treats the child as having been born alive, and this is evidenced by an official document such as a birth or death certificate. If the child had no social security number the IRS instructs taxpayers to enter “DIED” in place of the social security number on Form 1040.