Paul and Hannah,who Are Married and File a Joint Return,are

question 49

Essay

Paul and Hannah,who are married and file a joint return,are in the process of adopting a child who is born in December 2016.The child,a son,comes to live with them a week after his birth on December 12.The adoption is not finalized until February of 2017.What tax issues are present in this situation?

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Definitions:

No-fault Insurance

An auto insurance policy where each party's insurance pays for their losses regardless of who was at fault in the accident.

Medical Expenses

Costs incurred for the diagnosis, cure, mitigation, treatment, or prevention of disease and for treatments affecting any part or function of the body.

No-fault Insurance

An auto insurance policy where claims are paid without regard to fault, meaning your insurer will pay for your damages regardless of who caused the accident.

Medical Expenses

Costs incurred for the diagnosis, cure, mitigation, treatment, or prevention of disease, and for treatments affecting any part or function of the body.