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Financial Planning / Tax Strategies


Subject:  Re: Coverdell ESA Date:  10/5/2013  10:50 PM
Author:  katiewa Number:  119255 of 129771

My husband's boss about 30 years ago did something similar--he gave control of his company to his father; father received profits and paid taxes at his rate (substantially lower than boss); father gave boss the net. Boss spent some time in jail courtesy of the IRS.

Put the money in a 529 fund.

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