Explain the purpose of the provision in the tax law that taxes unearned income of certain minor

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Explain the purpose of the provision in the tax law that taxes unearned income of certain minor children at their parents’ tax rates.

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Income Tax Fundamentals 2015

ISBN: 9781305177772

33rd Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill

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Question Posted: Jul 16, 2015 07:10 AM

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Explain the purpose of the provision in the tax law that taxes unearned income of certain minor

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The provision is designed to prevent taxpayers from transfer...View the full answer

Income Tax Fundamentals 2015

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