take a dependent child exemption for the following individuals? Why or why not?
1) On her 2013 tax return can or cannot Amy take a dependent child exemption for the following individuals? Why or why not? Assume the other requirements for the
dependent child exemption has been met
Amys 10 year old grandson David has lived with her since October 1 2013.
In 2013 Amys 20 year old son Daniel was away at college for 8 months travelled around Europe for 4 months and was home 1 week for winter break.
2) Even though Bobs son Sam turned 19 on Dec 2014 are there other circumstances that would allow Bob to still take a child dependency exemption for Sam?
3) Sam who is a freshman at the University of Michigan full-time worked part-time as a trainer for the football team during the school year and used $2500 of
his earnings to pay for required equipment and school supplies.
Sams grandparents gave him $1000 as a birthday gift which $500 of it he used to purchase his textbooks
To pay part of his tuition Sam withdrew $1500 from an account set up by his parents on his tenth birthday to help pay tuition.
Sam took out a $4500 federal student loan which he applied toward tuition room and board.
Sams parents used the proceeds of a $5000 personal loan to make direct payments to U of M for tuition room and board.
Sams parents gave him $1000 for clothing gasoline prescribed medications and other personal expenses.
Sams parents paid $3800 for lodging utilities and food while Sam lived with them during the summer.
Can Sams parents take a child dependency exemption for him? Why or why not?
4) Lisa whose parents are divorced lived with her dad Tom for 210 nights in 2014 and with her mom Mary for 155 nights.
Assuming that Tom and Mary could both take a child dependency exemption for Lisa does Tom or Mary take the dependent child exemption for Lisa? Why or why not?
5) In 2014 Anne whose parents are divorced lived with her dad Mark and her mom Ellen lived for the same number of days during the year.
For 2014 Ellens AGI was $100000 and Marks AGI was $99000
Assuming all of the other requirements for a child dependency exemption were met can Tom or Anne take the dependent child exemption for Anne? Why or why not?
6) Prior to going camp for 6 weeks in the summer of 2014 Linda lived with her mom Renee for 23 weeks and with her dad Jack for 23 weeks
In 2014 Jacks AGI was $50000 and Renees AGI was $40000
For purposes of the dependent child exemption how many weeks is Linda considered to have lived with each of her parents? Why?
Depending on your answer does Renee or Jack take the dependent child exemption for Linda? Why or why not?
7) Sam whose parents are separated normally lives with his dad Bob during the week and with his mom Ellen every other weekend
When Sams dad became ill in 2014 and was hospitalized for 10 consecutive days his mother lived with Sam in his dads home for those 10 days.
For purposes of the dependent child exemption how is the 10 day period when Sams dad was hospitalized and his mom lived with him in his dads house allocated between
his parents?
8) In 2014 Dean who is single and has no children earned $61617 as a mechanic
Since 2012 Deans 83 year old widowed father Bobbie who earned $5000 in dividend income in 2014 has lived with Dean
In 2014 Dean provided over half of his fathers support
On his 2014 tax return can Dean claim a dependent relative exemption for his father? Why or why not?
9) For the last year Grace has lived with her daughter Mary her son-in-law husband Frank and her grandchild Erin
Grace received social security benefits of $2400 which she spent on clothing transportation and recreation and has no other source of income
Frank and Marys total food expense for the household was $5200.
Frank and May paid Graces medical and drug expenses of $1200.
The fair rental value of the lodging provided for Grace was $1800 a year based on the cost of similar rooming facilities.
Can Frank and Mary take a Dependent Relative Exemption for Marys mother Grace Brown? Why or why not?
10) Cynthia who is a US resident and her husband Kirk who is a US resident alien have 2 children Kirk age 7 and Susanne age 6 who have lived with their
parents for all of 2014 and all of them have their own social security numbers
In 2014 Cynthia earned $15000 at her job and Jerry earned $10000 at his job plus they earned $525 in interest on their savings account
Like other years Cynthia and Jerrys filing status in 2014 will be married filing jointly
Can Cynthia and Kirk take an EIC? Why or why not?
11) In 2014 Sharon who is a US resident alien single 63 years old retired and cannot be claimed as a dependent by any one else received: 1) $9000 from her part
time job; and 2) a taxable pension of $6000
On her 2014 tax return can Sharon claim an EIC? Why or why not?
12) Kelly is 30 years old a US citizen a full time student at CSULA single has no children and lived with her parents for all of 2014
In 2014 Kelly earned $6000 from her part time job and $20 of interest on her savings account
Does Kelly qualify as a child so that her parents could take a child dependency exemption for her on their 2014 tax return? Why or why not?
Based on your answer above can Kelly claim an EIC on her 2014 tax return? Why or why not?
13) Based on the facts below can Bob and Ellen take a child tax credit for their 2 children Tom and Amy and their nephew Nigel on their ? Why or why not?
Bob and Ellen claimed a child dependency exemption for their son Tom who turned 17 on December 30 2014 and is a US citizen
Bob and Ellens daughter Amy turned 8 years old in 2014 is not a citizen of the United States has an ITIN and lived in Mexico all of 2014.
Bob and Ellens 10 year old nephew Nigel lived in the UK and qualifies as Bob and Ellens dependent
14) When Alices adoption of 10 year old Jack became final in 2014 Alice who lives in Michigan paid in connection with adopting Jack $10000 in fees: 1) to the
adoption agency; 2) her attorney to represent her in family court; and 3) airline ticket and hotel expenses to travel to CA to bring Jack to MI from CA.
Alices employer reimbursed her for $5000 of her $10000 worth of adoption expenses
For purposes of the taking an ATC:
Is Jack an eligible child? Why or why not?
Are the $10000 of fees Alice paid to adopt Jack qualified adoption fees? Why or why not?
Based on your answers to question 1 and 2: 1) can Alice take an ATC?; 2) if she can take an ATC how much could she take as an ATC?; and 3) in what year could she take
the ATC?
15) When Renee adopted her 10 year old son Mark her total amount of her domestic adoption expenses were $12000 which she paid as follows: 1) $2000 in 2012; 2)
$3000 in 2013; and 3) $7000 in 2014 when the adoption became final.
Under Sec 23 what amounts and in what year can Renee take an ATC with respect to her total adoption expenses of $12000 that she paid from 2012 to 2014?
16) Alice pays $10000 to her mother Liz to take care of Alices sister Betty who is disabled qualifies as Alices dependent relative and has lived with Alice for
7 months.
Can Alice claim a Dependent Care credit for her sister Betty? Why or why not?
17) In 2014 Jack and Kay Fords MAGI was $70000 and they claimed an exemption for their 18 year old daughter Amy who is a freshman and part-time student at Wayne
State University (WSU) and is working towards earning her nursing degree
In 2014 Jack and Kay paid $20000 towards Amys education which included $10000 for tuition $1000 for textbooks and $10000 for her room and board.
Do all of Amys school expenses that her parents paid qualify as expenses under the AOC? Why or why not?
On their 2014 can Jack and Kay can claim an AOC? Why or why not?
18) Because Mary who is an attorney thought that improving her job skills would get her promoted to partner at her law firm she took a legal research and writing
course at a law school.
Can Mary claim a Lifetime Learning Credit for the tuition she paid to the law school?
19) In 2016 Max purchased and installed in his house the following: 1) $1000 for central air conditioning; 2) $2000 for energy efficient windows; and 3) $4000 for
a gas furnace.
For 2016 can Max claim a Nonbusiness Energy Property credit?
If so how much would be Maxs credit?
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