Understanding the new kiddie tax
By: Mantzke, Kate [author]
Contributor(s): Cripe, Brad [author] | Youngberg, Suzanne [author]
Language: English Copyright date: 2018 In: Journal of Accountancy Nov 2018, Vol. 226 Issue 5, pages 48 - 53Summary: The article presents examples of scenarios that are related to the kiddie tax rule in the U.S. The first example involves an earned income of a minor whose parents do not owe alternative minimum tax and with a taxable income bifurcated by net unearned income, the second example deals with a minor who earns gross income made up of wages and interest income, and the third example deals with a 16-year-old who earns from work and has investments of bank certificated of deposits.| Item type | Current location | Home library | Call number | Status | Date due | Barcode | Item holds |
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The article presents examples of scenarios that are related to the kiddie tax rule in the U.S. The first example involves an earned income of a minor whose parents do not owe alternative minimum tax and with a taxable income bifurcated by net unearned income, the second example deals with a minor who earns gross income made up of wages and interest income, and the third example deals with a 16-year-old who earns from work and has investments of bank certificated of deposits.
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