Series EE Bond Interest and Kiddie Tax. In 2015, Ken and Lynn paid $5,000 to purchase Series
Question:
a. Will the child owe any tax on the bond interest?
b. Does the son need to file a tax return?
c. What are the tax consequences in 2015 and subsequent years if annual gifts are made to their son?
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Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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