I. Tax Rules for Children and Dependents

    A. Rules for all dependents

    B. Filing Requirements

    C. Earned income only

    D. Unearned income only

        1. marital status

        2. Election to report child's unearned income or parent's return.

    E. Earned and unearned income

    F. Other filing requirements

    G. Should a return be filed even if not required.

    H. Responsibility for child's return

        1. Signing the child's return

        2. Authority of parent or guardian

        3. Third party designee

        4. Designated as representative.

        5. IRS notice

        6. Child's earnings

        7. child's expenses

    I. Standard Deduction

        1. Standard deduction of zero

    J. Dependent's Own exemption

    L. Withholding from wages

        1. Conditions for exemption from withholding

        2. Dependents

        3. Claiming exemption from withholding

        4. Renewing an exemption from withholding

II. Tax on investment income of certain children

    A. Which parent's return to Use.

        1. Parent's who do not file a joint return

            a. parent are married

                1) parents not living together

            b. Parents are divorced

                1) Custodial parent unmarried.

            c. Parents never married.

            d. Widowed parent remarried

    B. Parents election to report child's interest and dividends.

        1) How to make the election

    C. Effect of making the election

        1) rate may be higher

        2) Certain deductions you cannot take.

        3) Deductible investment interest.

        4) Alternative minimum tax

        5) Reduced deductions or credits

        6) Penalty for underpayment of estimated tax.

    D. Figuring Child's income

        1. Qualified dividends

        2. Capital gain distributions

            a. Collectibles (28% rate) gain.

            b. unrecaptured section 1250 gain.

            c. Section 1202 gain

    E. Figuring Additional Tax

        1. Form 8814

    F. Tax for certain children who have investment income of more than $1,900

        1. When to file Form 8615

        2. Certain January 1 birthdays.

    G. Providing parental information.

        1. Parent with different tax year.

        2. Parent's return information not known timely.

            a. extension of time to file

        3. Parent's return information not available.

            a. How to request