Tax Articles
The Kiddie Tax Extends Through Age 23
Posted by Angela Miles on January 09, 2024
The "kiddie tax" can result in a portion of a child's unearned income being subjected to the higher federal income tax rates of their parents, rather than the significantly lower rates that a child would typically pay. It's important to note that, according to federal income tax, a "child" can be as old as 23 years.
Ensure Compliance with Securities Laws in your Estate Plan
Posted by Cheryl A. Jankowski on January 04, 2024
Do you have unregistered securities in your portfolio, such as restricted stocks or investments in hedge funds or private equity funds? If that's the case, it's crucial to take into account the relevant securities laws when formulating your estate plan strategies.