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Financial Planning / Tax Strategies


Subject:  Re: Child with job and IRA Date:  3/4/1999  6:08 PM
Author:  vlperk Number:  11456 of 127637

Thanks, OldToad, for your reply. I will check out the tax liability both ways, as you suggested, before I make a decision.

If I do decide to file the return with the earned income reported; do you have any suggestions as to how best to document babysitting income (for IRS audit purposes). Unfortuately, we do not have good extemporaneous records.

Thanks much for your help.

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