- 3 - nine units. In the fall semester, from August 21 through December 23, Ms. Santilla completed six units. According to SDMC requirements, students with 6 units are “half-time”, students with 9 units are “3/4 time”, and students with 12 units are “full-time”. Throughout the year, Ms. Santilla was employed by Charlotte Russe, Carmel Mountain Preschool, and KinderCare Learning Centers. Ms. Santilla filed a Federal income tax return for taxable year 2000 on which she reported gross income of $4,002. Subject to restrictions not applicable here, a taxpayer is entitled to a dependency exemption deduction for a dependent who meets one of two requirements in a given taxable year. Sec. 151(a), (c)(1). The dependent must either (a) have gross income during the year in an amount that is less than the exemption amount, or (b) be a child of the taxpayer who meets the age requirement. Sec. 151(c)(1)(A), (B). To meet the age requirement, the child must be under the age of 19 at the end of the year or a “full-time student” under the age of 24. Sec. 151(c)(1)(B), (4). To be a full-time student within the meaning of the statute, the child must be enrolled “for the number of hours or courses which is considered to be full-time attendance” in at least some part of 5 different months of the year. Sec. 1.151-3(b), Income Tax Regs.Page: Previous 1 2 3 4 5 Next
Last modified: May 25, 2011