If you set up a trust or other investment vehicle for your child, that child could incur taxes at a rate much higher than anticipated. The Kiddie Tax was enacted to prevent parents from transferring investments to the name of their child or children to take advantage of that child’s lower tax rate. Read on to learn more.
Latest posts by Elizabeth Neyens (see all)
- Business Succession Planning May Be Easier than You Think - May 2, 2022
- The Toll of Serving as Fiduciary - May 2, 2022
- Let’s Talk about Trusts…and Taxation - April 4, 2022