Internal revenue code-congressional committee reports

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Reference no: EM13770767

Part A

Research one of the following tax law sources: internal revenue code, congressional committee reports, income tax regulations, revenue rulings, revenue procedures, letter rulings and court decisions. Describe and provide examples of how the tax law source has impacted and impacts taxation in the US.

Part B

Bob and Jo were expecting a baby in March 2013 but Jo had complications and she had to have the baby in December 2012. She delivered the baby alive but the baby died a few hours later. Can Bob and Jo claim dependency exemption for the baby? Why or why not. Be sure to support your position. You may use research sources such as revenue ruling (Rev. Rul. 73-156, 1973-1 C.B. 58).

Reference no: EM13770767

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