Archive - August 2017

Children, Taxes, and Unearned Income

Children, Taxes, and Unearned Income

There have been recent news stories about officials in different places shutting down lemonade stands and other business enterprises set up by children for various reasons, including permits, health code concerns, and taxation issues. We may assume that children are free from the same taxes that apply to adults but that is not so. Some children have income they earn and income that they get from investments and tax law treats these categories of income differently.

In “Generational Financial Planning Within the Kiddie Tax Limits,” writing for Forbes, David John Marrotta examines tax law as it applies …

Read More

Copyright 2014   About Us   Contact Us   Our Advisors       Login