Active TopicsActive Topics  Display List of Forum MembersMemberlist  Search The ForumSearch  HelpHelp
  RegisterRegister  LoginLogin
REG STUDY GROUP
 CPAnet Forum : REG STUDY GROUP
Subject Topic: Qualifying Child--Age limits (Topic Closed Topic Closed) Post ReplyPost New Topic
  
Author
Message << Prev Topic | Next Topic >>
chienluver
Contributor
Contributor


Joined: 26 Jul 2006
Location: United States
Online Status: Offline
Posts: 67
Posted: 30 Mar 2009 at 14:36 | IP Logged  

I have a question about the age limits for qualifying child. The following
is what the IRS website says:

"Age — must be under the age of 19 at the end of the tax year, or under
the age of 24 if a full-time student for at least five months of the year, or
be permanently and totally disabled at any time during the year."

So, what does "under the age of 19" means? Does it mean "strictly under
19 (ie. the age is 18 or below)" or "19 or below"? Suppose we are talking
about tax year 2008.

1. Can a child be claimed if her 19th birthday is on Jan 1, 2009?
I am sure that the answer is yes, because she is 18 or below for the entire
year of 2008.

2. Can a child be claimed if her 19th birthday is on a day within 2008,
say, April 1, 2008?

In short, I am trying to find out qualifying status of child of "borderline"
age. Thanks.



Back to Top View chienluver's Profile Search for other posts by chienluver
 
sashkacpa
Contributor
Contributor


Joined: 12 Sep 2008
Location: United States
Online Status: Offline
Posts: 79
Posted: 30 Mar 2009 at 19:03 | IP Logged  

I think this is qualifyes into the same category where last day of the year decides.

My answer is if child turns 19 on December 31 that child doesn't qualify. Because if child is born on December 31 that child qualifys for the whole year.

Back to Top View sashkacpa's Profile Search for other posts by sashkacpa
 
chienluver
Contributor
Contributor


Joined: 26 Jul 2006
Location: United States
Online Status: Offline
Posts: 67
Posted: 30 Mar 2009 at 19:08 | IP Logged  

Thank you. Your answer is correct. The meaning of "under the age of 19"
really strictly under the age of 19, per IRS website.

http://www.irs.gov/publications/p501/ar02.html#en_US_publink 10004184
4


Back to Top View chienluver's Profile Search for other posts by chienluver
 



Sorry, you can NOT post a reply.
This topic is closed.


  Post ReplyPost New Topic
Printable version Printable version

Forum Jump
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot delete your posts in this forum
You cannot edit your posts in this forum
You cannot create polls in this forum
You cannot vote in polls in this forum

Powered by Web Wiz Forums version 7.9
Copyright ©2001-2010 Web Wiz Guide

This page was generated in 0.0940 seconds.

Copyright © 1996-2016 CPAnet/MizWeb Communities All Rights Reserved
Twitter
|Facebook |CPA Exam Club | About | Contact | Newsletter | Advertise & Promote