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URL:  https://boards.fool.com/quotquotquotquotnote-that-the-work-must-be-29982290.aspx

Subject:  Re: roth ira for your young kids/grandkids Date:  4/17/2012  1:20 PM
Author:  blacktreechaser Number:  116052 of 129299

""""Note that the work must be outside the home. A child babysitting their sibling or cutting their own lawn is considered doing family chores and their income as an allowance rather than earned income""""


I'll wager you are soooooooooo wrong on in your above statement. Show me the IRS reference to support your statement.
Earned Income must be for a service. If your son/daughter watches TV all day and gets $5.00 a week, that is not earned income. If you pay your son/daughter to mow the lawn or wash the car every saturday, that IS EARNED INCOME and eligible for a Roth IRA contribution.
Kids work for and are paid by their parents all the time.

A tax return is not required to contribute to an IRA. BUT, it might be a good idea, just in case.
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