
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 26USC73]

 
                     TITLE 26--INTERNAL REVENUE CODE
 
                        Subtitle A--Income Taxes
 
                  CHAPTER 1--NORMAL TAXES AND SURTAXES
 
               Subchapter B--Computation of Taxable Income
 
          PART II--ITEMS SPECIFICALLY INCLUDED IN GROSS INCOME
 
Sec. 73. Services of child


(a) Treatment of amounts received

    Amounts received in respect of the services of a child shall be 
included in his gross income and not in the gross income of the parent, 
even though such amounts are not received by the child.

(b) Treatment of expenditures

    All expenditures by the parent or the child attributable to amounts 
which are includible in the gross income of the child (and not of the 
parent) solely by reason of subsection (a) shall be treated as paid or 
incurred by the child.

(c) Parent defined

    For purposes of this section, the term ``parent'' includes an 
individual who is entitled to the services of a child by reason of 
having parental rights and duties in respect of the child.

(d) Cross reference

            For assessment of tax against parent in certain cases, see 
        section 6201(c).

(Aug. 16, 1954, ch. 736, 68A Stat. 24.)

                  Section Referred to in Other Sections

    This section is referred to in section 6201 of this title.
