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Financial Planning / Tax Strategies


Subject:  Re: hid money in daughter's name Date:  1/31/2000  7:01 PM
Author:  AEHL Number:  26499 of 127745

To andi123

The IRS matches up the 1099's sent to them by the
paying agent (bank stating interest on the CD) The
1099 will go to the person owning the CD ie: your daughter. Best thing to do is to reimburse her for the
tax she has to pay on the interest earned. It is a
small amount - take her out to lunch!!! PS A gift, Inheritance and anything you own before marriage is
considered separate property, and thus it is from your
Father to you.
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