Changes in federal tax laws for 2006 could find parents paying a hefty bill if they have investments in their children?s name.
“It?s keeping us from income shifting from a more well-to-do parent to the child,” Bryan Kelly, a certified financial planner with the Bel Air-based Kelly Financial Group LLC, said of the changes to the “kiddie tax” law.
Recommended Stories
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.