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:

Philanthropic Goodwill

The positive recognition and reputation a business gains through charitable activities and contributions to society.

Social Responsibility Pyramid

A concept that businesses are accountable to society and should act in a manner that benefits society at large, beyond their own interests.

Ethical Responsibility

The duty to make decisions and conduct oneself in a way that is fair, honest, and respects the rights and dignity of all stakeholders.

Philanthropic Goodwill

The positive reputation and brand value that an organization gains through its charitable actions and contributions to society.