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Old 05-23-2006, 05:39 AM
Arthur Kamlet
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Default Re: The Kiddy Tax Ain't What It Used To Be

William Brenner <wbrenner[at]nospamplease.net> wrote:

- quote -

> In case anyone missed it, a little advertised -- one wonders
> why -- provision of the recently passed and signed tax
> "reduction" extension bill increases the "kiddy" tax age from
> 14 to 17, retroactive to January 1, 2006. No new taxes?
> From under 14 to under 18 --- or from 13 to 17 at year end.


Already some politicians are talking of new legislation to put
this back where it was.

- quote -

__
Art Kamlet ArtKamlet [at] AOL.com Columbus OH K2PZH

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
  #1  
Old 05-23-2006, 05:39 AM
Harlan Lunsford
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Default Re: The Kiddy Tax Ain't What It Used To Be

William Brenner wrote:

- quote -

> In case anyone missed it, a little advertised -- one wonders
> why -- provision of the recently passed and signed tax
> "reduction" extension bill increases the "kiddy" tax age from
> 14 to 17, retroactive to January 1, 2006. No new taxes?
> http://www.nytimes.com/2006/05/21/wa...ton/21tax.html
> OR: http://tinyurl.com/z6hl8


Well actually that's good new instead of bad, as in "no new
taxes."

If my client's three young sons had had those stock sales
this year instead of last, none of them would have had to
pay the "kiddie tax".

So then, good move!

ChEAr$,
Harlan Lunsford, EA n LA

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
 
Old 05-23-2006, 05:39 AM
Herb Smith
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Posts: n/a
Default Re: The Kiddy Tax Ain't What It Used To Be

William Brenner wrote:

- quote -

> In case anyone missed it, a little advertised -- one wonders
> why -- provision of the recently passed and signed tax
> "reduction" extension bill increases the "kiddy" tax age from
> 14 to 17, retroactive to January 1, 2006. No new taxes?
> http://www.nytimes.com/2006/05/21/wa...ton/21tax.html
> OR: http://tinyurl.com/z6hl8


The subject has been discussed extensively on Fairmark. com

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
  #-1  
Old 05-21-2006, 07:21 PM
William Brenner
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Posts: n/a
Default The Kiddy Tax Ain't What It Used To Be

In case anyone missed it, a little advertised -- one wonders
why -- provision of the recently passed and signed tax
"reduction" extension bill increases the "kiddy" tax age from
14 to 17, retroactive to January 1, 2006. No new taxes?

http://www.nytimes.com/2006/05/21/wa...ton/21tax.html

OR: http://tinyurl.com/z6hl8
 

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