Podcasts about Kiddie tax

Listener Q&A where Andy talks about: Buffer ETFs and whether they can be used as replacements for CDs in building a ladder for upcoming years' expenses ( 4:29 )His thoughts on direct indexing and whether it's worth doing to try to make non-qualified accounts for tax-efficient ( 14:11 )Whether or not it's practical to implement a bucketing strategy ( 23:38 )Considerations to put into a will when there is a beneficiary who may be contentious or difficult to deal with ( 34:18 )Estate size exemptions and considerations for spouses splitting up accounts ( 42:55 )Annualizing income on Form 2210 when making estimated payments and income earned or recognized is lumpy or uneven throughout the year ( 48:37 )The "Kiddie Tax" and when it applies ( 54:27 )To send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.comMy company newsletter - Retirement Planning InsightsFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Retirement Planning Education website - www.RetirementPlanningEducation.com

In this episode, Dr. Friday explains the concept of the “kiddie tax,” which applies to unearned income from children’s investment portfolios. She highlights the tax thresholds—$2,300 for minors and full-time students under 24—before taxes apply. Above that amount, income is taxed at the higher rate between the child's or parents’ tax brackets. Understanding these rules can help families manage taxes on investments for their children. Transcript: G’day I’m Dr. Friday, president of Dr. Friday’s Tax and Financial Firm. To get more info, go to www.drfriday.com. This is a one-minute moment. Kiddie tax. Now most of us don’t really think about taxes for our children, we’re just hoping that their funds grow and they do things. But many times people will start portfolios, after-tax portfolios for their kids, or grandparents will start them, and once that happens you have a minimum you can kind of hit before you start hitting taxes. So basically you have $2,300 that you would do under the age of 18 or under the age of 24 if they’re full-time. Anything above that will be being taxed at either the higher rate of the child themselves if they’re at a higher tax bracket or the parents. Whichever is higher is the tax rate you’re going to pay on those funds. You can catch the Dr. Friday call-in show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.

Quint and Allie dive into this tax question that is important to consider when saving for kids.

In this episode, Emily interviews Jack Mao, the founder of Tax Fellows, a nonprofit organization that prepares pro bono tax returns for Stanford students. Tax Fellows primarily serves first-generation, low-income undergraduate and graduate students, and has a special focus on the tax implications of receiving scholarships and fellowships, such as the Kiddie Tax and estimated tax payments. Jack shares the advocacy approach he's taking to reform the Kiddie Tax at the federal level and lists ideas for how graduate students across the US can bring more attention and resources to resolve their tax pain points.

In this podcast, Sev introduces Pro Exam Tutors' newest tutor Jerry Pecaro, CPA & Lead Tutor. Jerry provides valuable insight on Kiddie Taxes and Earned/Unearned Income. About Jerry Pecaro, CPA Jerry is presently tutoring for FAR and BEC (only). Jerry Pecaro, CPA & Lead Tutor, is a Certified Public Accountant by profession and in that capacity, has worked as a consultant to the Association of International Certified Public Accountants (AICPA), writing & correcting exam questions in Jersey City, N.J., prior to their moving to the Carolinas. More About Jerry: https://bit.ly/proexamtutors-jerry-pecaro-cpa-lead-tutor Book a CPA Exam Prep Session with Jerry: https://bit.ly/proexamtutors-cpa-exam-prep-pricing ____________________________________________ About Sev Meneshian

How can you save money with the “Kiddie Tax”? In this episode of the Small Business Tax Savings Podcast, Mike discusses strategies for reducing or avoiding the Kiddie Tax. He explains when it applies and what investments can be used to keep unearned income low.Mike provides tips on filing form 8615, investing in Series EE, saving bonds, and more.    Tune in now and listen as Mike shares his goal to ensure you are paying the lowest amount in taxes as legally possible! [00:24] Strategies To Minimize Unearned Income Tax For MinorsToday's topic is, “How can you take advantage of the Kiddie Tax”What is a “Kiddie Tax”?[01:21] 4 Primary Criteria Of Kiddie TaxPeople were investing in stocks, interest, and dividends in their child's name to take advantage of lower tax bracketsFour primary criteria for when the kiddie tax comes into playStay below the threshold to avoid Kiddie TaxChoose investments that yield minimal or no dividends[05:36] Minimize Kiddie Tax And Take Advantage Of Investment OpportunitiesUtilize a Section 529 plan for tax-exempt withdrawalsInvest in life insurance products with tax-deferred growthWhere can you apply “Kiddie Tax”?What are ways to avoid the “Kiddie Tax”?[08:02] Closing SegmentMike shares his goal to ensure you are paying the lowest amount in taxes as legally possible!Final Words Key Quotes“Stay below the threshold. Simply put, if the unearned income of your child is under the annual threshold. No “Kiddie Tax” applies, nothing to worry about there.” – Mike Jesowshek, CPA______ Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings PodcastJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax IncSight Packages: https://incsight.net/pricing/ Book an Initial Consultation: https://app.simplymeet.me/o/incsight/sale-------Podcast Website: https://www.TaxSavingsPodcast.comFacebook Group: https://www.facebook.com/groups/taxsavings/--------To find out more on this topic and many others visit our website at www.TaxSavingsPodcast.com. You can also give us a call at 844-327-9272 or send your questions to us at: Ask@TaxSavingsPodcast.com

This week we're covering the kiddie tax and investment decisions that will reduce the child's unearned income.

A little ditty about Jack and Diane, who will eventually inherit about $4.5M from Diane's parents. How do they manage the required minimum distributions? Which of three options should Matt take with his inherited IRA? Making the most of your inheritance today on YMYW 435. Plus, Clay wants to know if it's a good idea to take money off the table and rebalance to safer or more aggressive investments, depending on your risk tolerance? Can Elizabeth offset pre-tax IRA losses with the gains from the sale of rental real estate? Is it true that you can make one time contributions from your IRA to your HSA that is, your health savings account? And finally, can Cory gift stock to his daughters and avoid paying the kiddie tax as a way to pay for college? And can Rich supercharge a 529 college savings plan with himself as beneficiary? Timestamps: 00:58 - How Do We Manage RMDs on a Pending Inheritance? (Jack & Diane) 11:31 - Which of 3 Options Should I Take With This Inherited IRA? (Matt, San Diego) 18:57 - Should I Take Money Off the Table and Rebalance to Safety? (Clay, Westerville (Columbus), OH) 23:50 - Can I Offset Pre-Tax IRA Losses With Gains from the Sale of Rental Real Estate? (Elizabeth, Lake Forest) 26:43 - Is It True We Can Make One Time Contributions From IRA to HSA? (Scott, NC) 32:06 - How to Pay for College: Gifting Stock and Avoiding the Kiddie Tax? (Cory, Bethesda, MD) 36:16 - Should I Supercharge a 529 Plan With Myself as Beneficiary? (Rich, NY) 41:17 - The Derails Access this week's free financial resources in the podcast show notes at https://bit.ly/ymyw-435  Estate Planning Organizer Emotional Investing - YMYW TV Emotionless Investing Guide Episode Transcript Ask Joe & Big Al On Air

In this podcast, Sev introduces Pro Exam Tutors' newest tutor Jerry Pecaro, CPA & Lead Tutor. Jerry provides valuable insight on Kiddie Taxes and Earned/Unearned Income. About Jerry Pecaro, CPA Jerry is presently tutoring for FAR and BEC (only). Jerry Pecaro, CPA & Lead Tutor, is a Certified Public Accountant by profession and in that capacity, has worked as a consultant to the Association of International Certified Public Accountants (AICPA), writing & correcting exam questions in Jersey City, N.J., prior to their moving to the Carolinas. More About Jerry: https://bit.ly/proexamtutors-jerry-pecaro-cpa-lead-tutor Book a CPA Exam Prep Session with Jerry: https://bit.ly/proexamtutors-cpa-exam-prep-pricing

The kiddie tax is a special tax law created in 1986 to address investment and unearned income tax for individuals 18 years of age or under or dependent full-time students under age 24. The kiddie tax is imposed on individuals under a certain age 18 years old or under and full-time students age 19-24 years old whose investment and unearned income is higher than an annually determined threshold. This rule is designed to prevent parents from exploiting a tax loophole where their children are given large gifts of stock. In this case, the child would then realize any gains from the investments and would be taxed at a far lower rate compared to the rate the guardians face for their realized stock gains. Under the kiddie tax law, all unearned income over the threshold is taxed at the parent's marginal income tax rate rather than the child's tax rate. In 2021, unearned income under $1,100 qualifies for the standard deduction.

On this episode of the Planned Solutions Incorporated Podcast, Many large mutual funds distributed large capital gains in 2021, which has created a tax headache for shareholders who own those investments in taxable (non-retirement) accounts. These distributions are often very frustrating as they differ from year to year and can be challenging, if not impossible, to anticipate ahead of time. Fortunately, there are a number of strategies that investors can use to manage this issue, including favoring Exchange Traded Funds (ETFs), over mutual funds for increased tax efficiency Also, Most economists expected that the US inflation rate would decrease during the Spring and Summer months. This was largely based on an expectation that the year-over-year increase in oil prices would decrease as the higher prices in the Spring and Summer 2021 are factored in. However, Russia's invasion of Ukraine and the resulting spike in oil prices now makes it more likely that high inflation rates will persist. And, The expanded unemployment benefits offered under the economic stimulus bills in 2020 and 2021 made many dependent children eligible to receive unemployment benefits. This has created an issue in some cases because unlike earnings from a job, unemployment benefits are considered unearned income and therefore may be subject to the Kiddie Tax. Under the Kiddie Tax rules, unearned income may not only be taxable but the amount that exceeds certain thresholds may be taxed at the parent's highest tax rate. Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Russia's invasion of Ukraine has many of us asking questions about how this could happen. What are Russia's motivations? How has history and economics defined the relationship between Ukraine, Russia, and the West? What are the implications for the future? Most of the current media coverage is influenced by current events or the bias of the media outlets. This has caused many clients to ask us how they can get unbiased information and context in order to better understand the current situation and how it may be resolved. Several years ago, I read a book called Prisoners of Geography which explains how geography has shaped many of the conflicts around the globe. It so happens that the first chapter is on Russia with an emphasis on its relations with its Eastern European neighbors. I strongly recommend the book as an unbiased source of information that is not influenced by current events but rather takes a very long-term, objective view of the conflict. It also shows that many who study geopolitics could see this conflict coming many years in advance, and yet the leaders of Russia, Ukraine, and the West were, unfortunately, unable to avoid armed conflict by ignoring the lessons of history and geography. Chase Armer's book- Financial Planning Insights is now available at: store.bookbaby.com/book/financial-…anning-insights www.amazon.com/Financial-Plannin…1586894022&sr=8-1 To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action. Planned Solutions, Inc. ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111 E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191 WEB SITE: www.PlannedSolutions.com #finance #invest #investment #stocks #inflation #deflation #bonds

Scott and James discuss the important milestones you should be aware of. Planning Points Discussed Retirement Planning Utilizing Time Efficiently Capital Appreciation Purchasing Power Other issues (IRAs, Inflation, Financial Goals, etc.) Timestamps: 2:00 - Introduction 4:29 - Dependent Care 5:50 - Tax Credits 6:58 - Investing v. Gambling 8:02 - UGMA / UTMA 10:25 - Kiddie Tax 12:47 - Catch-up Contributions 15:40 - Social Security Benefits 17:55 - Qualified Charitable Distributions 19:00 - Charitable Giving Strategy 20:27 - RMDs (Required Minimum Distributions) 21:51 - Aligning Your Financial Goals   LET'S CONNECT! James Facebook LinkedIn Website Scott Facebook Twitter Website ENJOY THE SHOW? Don't miss an episode, subscribe via iTunes, Stitcher, Spotify, or Google Play. Leave us a review on iTunes. Have a money question you want us to answer? Submit one here

In this episode, Emily teaches what various types of PhD trainees can do at the start of the academic year to make next tax season go more smoothly. She covers tracking qualified education expenses, quarterly estimated tax, the Kiddie Tax, and state residency. Please consider sharing this episode on social media or with an email list-serv so your peers have access to this information as well!

The Kiddie Tax came onto the scene in 1986. This tax prevents parents from transferring large gifts of investments and avoid the taxes associated with the income they produce. Connect with Financial Enhancement Group:   Connect with Financial Enhancement Group: Visit our Facebook page at www.Facebook.com/FinancialEnhancementGroup Join our Facebook Group at www.yourlifeafterwork.com/FinancialTidbits Visit our website at www.yourlifeafterwork.com   We would love to answer your questions on air! Give us a call at 800-928-4001 or send them to TalkToFEG@yourlifeafterwork.com

The Kiddie Tax came onto the scene in 1986. This tax prevents parents from transferring large gifts of investments and avoid the taxes associated with the income they produce Connect with Financial Enhancement Group: Visit our Facebook page at www.Facebook.com/FinancialEnhancementGroup Join our Facebook Group at www.yourlifeafterwork.com/FinancialTidbits Visit our website at www.yourlifeafterwork.com We would love to answer your questions on air! Give us a call at (800) 928-4001 or send them to TalkToFEG@yourlifeafterwork.com

Under the Kiddie Tax, dependents with unearned income ranging from $2,300 to $11,000 can be taxed at their parent's marginal tax rate. The post What Is The Kiddie Tax And How Does It Work? appeared first on The College Investor.

Under the Kiddie Tax, dependents with unearned income ranging from $2,200 to $11,000 can be taxed at their parent's marginal tax rate.

Visit BIFBites.com to view the question discussed during this episode. Brendan takes an interesting look at the relationship between election outcomes and market performance over the past few decades. The BIF Bites crew then discusses SECURE Act changes to inherited IRAs and the ramifications these changes will have on existing estate plans. The episode concludes with updated Kiddie Tax laws. I feel like we've done this before... The BIF Bites podcast covers topics that are important to those seeking CFP® certification and really anyone that wants to better understand the financial services industry in general. Jerry Mee, CFP® is the Director of Student Support at the Boston Institute of Finance (BIF) and has nearly a decade’s worth of experience in the financial services industry. Mike Long, CFP®, ChFC®, CLU® is the Co-Director of Curriculum for the Boston Institute of Finance (BIF). He has made his career in financial services and financial services education over the past 38 years. Brendan Flaherty, CFP®, CIMA®, is currently a Senior Vice President with Janney Montgomery Scott where he focuses on investment management and financial planning for his clients. He is also the CFP® Program Director for the Boston Institute of Finance (BIF). Adam Scherer, CFP®, MS is the Co-Director of Curriculum at the Boston Institute of Finance (BIF) and has over decade's worth of experience in the financial services industry.

Summary:In this episode of Financial Planning for Canadian Business Owners, Jason Pereira, award-winning financial planner, university lecturer, writer, and host interviews Kim Moody, Director of Canadian Tax Advisory Services at Moodys Gartner Tax Law in the Calgary area. Kim Moody talks about the expertise that Moody Gartner offers, the general percentages of taxation that businesses face, the differences in paying dividends and salaries, the Kiddie Tax rule, and what to know before paying family members. Episode Highlights: ● 01:07: – Kim Moody explains Moodys Gartner and what they do. ● 02:05: – How are corporations taxed in Canada? ● 03:47: – What is the tax benefit of not taking money out personally against the business? ● 05:09: – Kim talks about the limit of $50,000 in passive income. ● 08:38: – Why is the belief that paying dividends is better than paying income a fallacy? ● 12:00: – Corporations are giving up their CPT contributions if they are paying out dividends and giving up the ability to earn RST. ● 13:26: – What does it take to pay a salary or dividend to a family member? ● 15:37: – How have the rules changed for paying dividends to family members? ● 20:15: – Kim Moody talks about the Kiddie Tax rule. ● 22:13: – The average business owner makes less than $70,000 a year to take care of their families and generally work more than a 40-hour work week. ● 26:06: – It is not about being careful what you wish for, it is about what is best for the country. 3 Key Points 1. Moodys Gartner has a very strong Canada-United States bench handling anything in the cross borner private client space, with offices in Toronto, Edmonton, Calgary, 2. Corporations are taxes on active business income, generated in Canada, then the first $500,000 is subject to a preferential rate which varies by province but is typically 10%. Anything over that is taxed at the general rate between 25-27%. 3. There is a limit of $50,000 in passive income that a small business can make before it starts to potentially suffer because they will pull back on the ability to use the lower tax rate. Tweetable Quotes: ● “Moodys Gartner is a tax law firm. We also have a companion accounting firm, Moody's Private Client and we service private clients, high net worth and ultra high net worth private clients at a tax specialist level.” – Kim Moody ● “Maximize the referral by not taking those funds out so that ultimately you maximize and use the time value of money so when you ultimately do take the money out and pay another level of personal tax, you are dealing with more” – Kim Moody ● “Would you pay an arm's length person the same amount of money for the same services? If the answer is yes, then more than likely that salary that you are paying to the family member is reasonable, then all is well.” – Kim Moody Resources Mentioned: ● Facebook – Jason Pereira's ● LinkedIn – Jason Pereira's ● jasonpereira.ca – Jason Pereira's ● Linkedin – KimMoody ● moodystax.com – Moodys Gartner Tax Law ● FintechImpact.co – Website Full Transcript See acast.com/privacy for privacy and opt-out information.

Mullooly Asset Management - Fee-Only Fiduciary Investment Advisor Financial Planner in Wall, NJ In Ep. 295 of the Mullooly Asset Podcast, Tom talks about a handful of important topics.  He discusses new change to the Kiddie Tax, how to think about and interpret market futures, and the implications of the Morgan Stanley/E-Trade acquisition. Show Notes ‘Morgan Stanley is Buying E*Trade, Betting on Smaller Customers’ – The Wall Street […] The post Changes to the Kiddie Tax appeared first on Mullooly Asset Management.

In this podcast I will answer the question: What are the benefits of employing a child?  And what are the limitations? EMPLOYING KID Employing a child can be effective way to shelter income from taxes.  The earnings a child receives can be put into a Roth IRA, IRA or company tax deferred plan (to minimize the kiddie tax). Payments to the child must be reasonable in relation to the services rendered.  In addition, payments must made to the child – not held for the child.  Employment of a child is also affected by child labor law regulations. Although there are strict laws that detail appropriate jobs and hours based on age, children working for a parent generally fall under an exception to these laws. Payments for services of a child under 18 working for his/her parents in a trade or business are not subject to FICA (Social Security and Medicare) taxes, if the trade or business is a sole proprietorship or a partnership in which each partner is a parent of the child. The above exemption also applies for federal unemployment tax (FUTA) purposes for children under 21. These exemptions do not apply to children performing services for a family corporation, estate or partnership, except for partnerships in which each partner is a parent of the child. Example 1 – Parent in 35% tax bracket pays son $5,000 during the year to maintain rental property.  The deduction from the parent's taxes is 35% of $5,000 ($1,750).  If the son has no other income, he will pay no taxes because the standard deduction reduces his taxes to $0. Example 2 – Parent in 25% bracket hire daughter to help with business and pay her $15,500 during the year.  The daughter puts $10k into the partnerships Simple IRA plan and her earned income is below the standard deduction.  The parent's save $3,875 on federal taxes. KIDDIE TAX Kiddie Tax is a tax that is applied to a child's unearned income of more than $2,000. Unearned income refers to investments, such as interest, dividends and capital gains, income from wages or self-employment are not included. The tax is meant to discourage parents from reducing their own taxes by shifting investments to their children, who generally have lower tax brackets. The Kiddie Tax once affected only children under age 14. That's how it got its name. The child is generally affected if they have investment income of more than $2,000 and falls into one of these categories: Under age 18 at the end of the year, Age 18 at the end of year, with earned income (from working) that is less than or equal to half of their support for the year, Full-time student age 19-23 at the end of 2014, with earned income (from working) that is less than or equal to half their support. The tax starts only when your child's investment income exceeds $2,000. The first $1,000 reported on your return is tax free, the second $1,000 is taxed at the child's rate. Unearned income above $2,000 is subject to the Kiddie Tax – meaning it is taxed at the parent's tax rate. Marginal tax rate is your highest rate applied to the last dollar you earned. That could be as high as 28, 33, 35%, or 39.6%. You can pay the kiddie tax in either of two ways: Include your child's investment income on your tax return (using Form 8814), or Have your child file a separate tax return (using Form 8615). The tax on your child's income will be the same either way. The first option is easier but could increase your taxable income and prevent you from taking certain deductions and credits, such as those for education. I appreciate any feedback about our AIO Financial blog, podcast, or videos.

Visit BIFBites.com to view the question of the month. In this episode Mike and Jerry tackle the kiddie tax and how to calculate it, explain why the fiduciary rule changes are not so scary and make sense of today's retirement plan type "alphabet soup" (ingredients include 401ks, IRAs, SEPs, 457s, 403bs and more). Jerry Mee is Director of Student Support at the Boston Institute of Finance and has nearly a decade’s worth of experience in the financial services industry. Mike Long, CFP®, ChFC®, CLU® is the Director of Curriculum for the Boston Institute of Finance. He has made his career in financial services and financial services education over the past 38 years. The BIF Bites podcast covers topics that are important to those seeking CFP certification and really anyone that wants to better understand the financial services industry in general.

This week on "Off The Cuff," Justin, Megan, and Allie cover a lot of ground catching up on the latest news in DC. First, Megan catches us up on a fix lawmakers are voting on to fix the "kiddie tax" issue that surfaced last week, as a provision in the Republicans' tax overhaul that raised the tax rate on unearned income, and inadvertently impacted low-income families. Justin discusses a recent proposal from President Donald Trump that would funnel money from the Pell Grant program reserve fund to NASA. The team also discusses ED's plans for a Federal Work-Study experimental site that would expand eligible jobs for students, and a House oversight subcommittee hearing on for-profit colleges. Plus, the team tackles billionaire Robert Smith's pledge to pay off the Morehouse College Class of 2019's student loan debt. Skip to 7:25 to get straight to the policy discussion!

On this episode of the Planned Solutions Financial Review Podcast we discuss the Yield Curve: a valid Indicator or Relic ? What you need to know about the Unemployment Rate and the Opioid Crisis. Also,a Look at the Kiddie Tax and changes that may change your investment strategies? Plus we take a look at the PSI Office Bulletin.

This week on "Money Talks," Managing Associate, D.J. Barker, CWS®, joins anchors Troy Harmon, CFA, CVA, and Bil Lako, CFP® to discuss the market’s pullback, and several economic releases, including U.S. Personal Income and consumer confidence, and the Federal Market Open Committee meeting. The show’s hosts also take a closer look at how the Tax Cuts and Jobs Act changed the Kiddie Tax and highlight what you need to know if your child has unearned income. The experts round out the show answering listeners’ questions on intermediate term bond funds, agricultural commodities processor Archer Daniels Midland, and options for long-term care other than nursing homes.

Managing Associate, D.J. Barker, CWS®, joins anchors Troy Harmon, CFA, CVA, and Bil Lako, CFP® to discuss how the Tax Cuts and Jobs Act changed the Kiddie Tax and highlight what you need to know if your child has unearned income.

В этом выпуске вы узнаете: - Что такое Attribution Rule? Как и когда применяется? - Применимо ли это правило к несовершеннолетним детям? - Какие существуют исключения из правила? - Kiddie Tax - что это такое? - Рассмотрели конкретный пример с цифрами. MoneyInside.ca – ваш подкаст о деньгах, экономике и личных финансах. MoneyInside в iTunes MoneyInside в YouTube Оставить свои комментарии или задать вопросы вы всегда можете под этим выпуском или в группе "Финансы с Артемом" в Facebook - https://www.facebook.com/groups/CanFinanceInRussian/ Книга “Inside Banking” - все вопросы и ответы о канадских финансах простым языком. Купить Спасибо, что слушаете MoneyInside. Успехов в деньгах!

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The post Employing Children and Kiddie Tax appeared first on Fee Only Fiduciary Financial Planners, Retirement Planning, Socially Responsible Investing, Tucson & US.

The post Employing Children and Kiddie Tax appeared first on Fee Only Fiduciary Financial Planners, Retirement Planning, Socially Responsible Investing, Tucson & US.

Get the facts about the “Kiddie Tax”. Find out how you can easily calculate what the tax liability if for your child and what you can do to reduce your child’s taxes. Discover how parents can take tax deductions for dependent children even if the student(s) do not live at home. (Originally broadcast 5/18/2010).

Get the facts about the “Kiddie Tax”. Find out how you can easily calculate what the tax liability if for your child and what you can do to reduce your child’s taxes. Discover how parents can take tax deductions for dependent children even if the student(s) do not live at home. (Originally broadcast 5/18/2010).

Kaye Thomas emailed me with an observation regarding one issue in the new law.  It turns out that though prior drafts of the bill and the Joint Committee's report on the bill indicated expanding the general rule on the Kiddie Tax one more year, that provision is not included in the final bill.  Rather, only the "student" provision is added to the bill. The materials have now been updated, and can be downloaded from the original link at http://edzollars.com/2007-05-25_New_Law.pdf .

This PodCast is a follow-up to our last. Kaye Thomas noted that though prior drafts of the bill and the Joint Committee's report on the bill indicated expanding the general rule on the Kiddie Tax one more year, that provision is not included in the final bill. Rather, only the "student" provision is added to the bill. The materials have now been updated, and can be downloaded from the original link at http://edzollars.com/2007-05-25_New_Law.pdf . This Podcast is sponsored by Leimberg Information Services, Inc. at http://www.leimbergservices.com Please visit our software, books, and PowerPoint Presentations site at http://www.leimberg.com

This PodCast is a follow-up to our last. Kaye Thomas noted that though prior drafts of the bill and the Joint Committee's report on the bill indicated expanding the general rule on the Kiddie Tax one more year, that provision is not included in the final bill. Rather, only the "student" provision is added to the bill. The materials have now been updated, and can be downloaded from the original link at http://edzollars.com/2007-05-25_New_Law.pdf . This Podcast is sponsored by Leimberg Information Services, Inc. at http://www.leimbergservices.com Please visit our software, books, and PowerPoint Presentations site at http://www.leimberg.com

This PodCast is a follow-up to our last. Kaye Thomas noted that though prior drafts of the bill and the Joint Committee's report on the bill indicated expanding the general rule on the Kiddie Tax one more year, that provision is not included in the final bill. Rather, only the "student" provision is added to the bill. The materials have now been updated, and can be downloaded from the original link at http://edzollars.com/2007-05-25_New_Law.pdf . This Podcast is sponsored by Leimberg Information Services, Inc. at http://www.leimbergservices.com Please visit our software, books, and PowerPoint Presentations site at http://www.leimberg.com

This PodCast is a follow-up to our last. Kaye Thomas noted that though prior drafts of the bill and the Joint Committee's report on the bill indicated expanding the general rule on the Kiddie Tax one more year, that provision is not included in the final bill. Rather, only the "student" provision is added to the bill. The materials have now been updated, and can be downloaded from the original link at http://edzollars.com/2007-05-25_New_Law.pdf . This Podcast is sponsored by Leimberg Information Services, Inc. at http://www.leimbergservices.com Please visit our software, books, and PowerPoint Presentations site at http://www.leimberg.com