Mark and Mandy were pregnant with triplets; two girls and a boy. Mandy's due date was scheduled for December 28. After much frustration and anticipation on the morning of December 31, Mandy decided to walk around the neighborhood several times hoping this would increase her chances of going into labor.

Her walks worked! Mark rushed Mandy to the hospital that evening. After a few hours, the family was complete. Rose was born at 11:52 on December 31. Jake was born at 11:58 on December 31. Daisy was born at 1:17 on January 1.

What are the tax implications? How will Mark and Mandy prepare their tax return.