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Research Memo Example - Memorandum To From Re Date The File...

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Memorandum To: The File From: Melanie McCoskey Re: Dependency exemption for child Date: May 12, 2008 Facts Bob and Sue were expecting their baby to be born in January. However, due to complications, the baby was born in December and died during the first night. Issues 1. Can Bob and Sue claim the baby as a dependent on their tax return? 2. If so, what additional requirements must be met? Conclusions 1. They can claim the baby as a dependent. 2. They must obtain a birth certificate and a SSN for the baby. Discussion IRC Section 151 allows a deduction for personal and dependency exemptions. IRC Section 152(a) defines a dependent as a qualifying child. As per IRC Section 152(c), a qualifying child must meet four tests: 1)the child must have a qualifying relationship to the taxpayer, 2) the child must live with the taxpayer, 3) the child must generally be under age 19, and 4) the child must not provide more than one-half of his own support. Since a son or daughter meets the relationship test, Bob and Sue’s baby
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Research Memo Example - Memorandum To From Re Date The File...

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