Is bob allowed to claim a dependency exemption for dylan

Assignment Help Taxation
Reference no: EM13906414

Bob Ryan filed his tax return and claimed a dependency exemption for his 16-year-old son Dylan. Both Bob and Dylan are citizens and residents of the United States. Dylan meets all the necessary requirements to be considered a qualifying child; however, when Bob filed the tax return he didn't know Dylan's Social Security number and, therefore, didn't include an identifying number for his son on the tax return. Instead, Bob submitted an affidavit with his tax return stating he had requested Dylan's Social Security number from Dylan's birth state. Is Bob allowed to claim a dependency exemption for Dylan without including Dylan's identifying number on the return?

Reference no: EM13906414

Questions Cloud

Assume a nation''s economy is operating : Assume a nation's economy is operating above full employment. If business taxes increase, how will output, employment, and price level likely change?Would SRAS or AD be affected and why??
Square matrix of dimension : You are given a square matrix of dimension N. Let this matrix be called A. Your task is to rotate A in clockwise direction byS degrees, where S is angle of rotation. On the matrix, there will be 3 types of operations viz.
Factory overhead budget : Each finished unit requires 0.50 hours of direct labor at a rate of $ 16 per hour.
Under a fixed exchange rate regime : True, False, Uncertain, Explain. Under a fixed exchange rate regime, the central bank holds the money supply fixed and allows the interest rate to be flexible.
Is bob allowed to claim a dependency exemption for dylan : Bob submitted an affidavit with his tax return stating he had requested Dylan's Social Security number from Dylan's birth state. Is Bob allowed to claim a dependency exemption for Dylan without including Dylan's identifying number on the return?
Project amount of total sales : Write a program called sales_prediction.js, that displays the profit based on the project amount of total sales for the year. Use a literal value of $2,500,000 for the projected total sales amount. Display the profit amount formatted to two decima..
Explain the potential personal liability to acme fireworks : Explain the potential personal liability to Acme Fireworks
List the three steps for creating an object for a class : List the three steps for creating an Object for a class?
List all bookings during june 2015 : Management want to know the usage of the hotel based on floors. Write a query that will show how may bookings have been made for each floor.

Reviews

Write a Review

Taxation Questions & Answers

  Advise alpha of the income tax consequences

Advise Alpha of the income tax consequences arising out of the above information for the 2013-14 income year - advise Periwinkle of its FBT consequences arising out of the above information, including calculation of any FBT liability,

  Calculate the capital gain under the indexation method

Calculate the capital gain under the indexation method and calculate the capital gain under the 50% discount method.

  Who is considered to be a qualifying person for this purpose

The amount of the child and dependent care credit is based on the amount of the taxpayer's expenditures to provide care for one or more qualifying persons. Who is considered to be a qualifying person for this purpose?

  Calculate the annual profit for energy for 2011

Reconstruct an extract from the Balance Sheet showing the value of depreciable assets for the year ended 30 June 2012 for Energy.Show all workings (Round the accumulated depreciation to the nearest dollar).

  Solve the tax queries

You are a tax manager in an accounting firm, and you have received some tax queries from one of your main clients

  Why individual tax research and planning is important

Discuss the ways in which you anticipate using what you have learned in your current or future career. Provide specific examples to support your response.

  Calculate sem pty ltds taxable income

Sections of the Acts and relevant case law how the Revenue and Expense items (together with the Notes) in the company's accounts are treated for tax purposes and calculate SEM Pty Ltd's taxable income for 2011/12

  Define assessable income and loss or outgoing

Case Law, Taxation Office Rulingsand other sections of the ITAA97 and ITAA36. You are required to address under separate headings the underlined words in the course of your explanation.

  In 2012 micah johnson ssn 000-22-1111 incurs the following

in 2012 micah johnson ssn 000-22-1111 incurs the following unreimbursed employeebusiness expensesairplane and taxi

  Find the derivative of this function if you print this page

1. annual revenue for a company is given by this formulareveue t t2 -12t 27where revenuet is the annual revenue for

  Compute the savings in annual cash expenses after taxes

Decide whether or not to purchase the computer, using the net present value method. Assume a minimum rate of return of 10 percent after taxes.

  Prepare employers quarterly nebraska unemployment tax return

Prepare the Employer's quarterly Nebraska unemployment tax return for the quarter ended December 31.  Also prepare the Nebraska wage report.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd