| Learning Library Quick Answers Tax Planning |
Answer: The thing to remember is that there is no deduction. The student can be paid for "household duties" to accumulate earned i....
Scenario: What will the impact be, regarding a Roth IRA, ifa client makes a contribution ($5,000) and then wants to take out money....
Scenario: A father sets up Section 127 plan and contributes $5,250 during student's final year of school. Because of timing this s....
Scenario: How does the mechanics work for paying your child for services such as moving expenses, investment research and househol....
Answer: The client would avoid the self-employment tax and there may be other things to take advantage of to offset the income tax....