Kiddie Tax 

CPE Credits: 2
Course Level: Basic
Prerequisites: Basic Knowledge of Income Taxation
Advance Preparation: None

Fees: $49 for Members and $60 for Nonmembers

Summary 
More and more taxpayers are subject to kiddie tax each year. This webinar will review who is subject to the complex kiddie tax and how the rules interact with education credits, calculation of the standard deduction and alternative minimum tax. U. S. Savings Bond interest also will be discussed in connection with kiddie tax. Examples will be provided demonstrating the completion of Form 8615. You also will learn effective planning strategies to avoid or minimize kiddie tax.

Objectives
Upon completion of this webinar, you'll be able to: 

• Determine whether a taxpayer is subject to the kiddie tax.
• Identify advantages and disadvantages of filing Form 8814. 
• Compute the standard deduction for a taxpayer subject to kiddie tax. 
• Determine if reporting or postponing U. S. Savings Bond interest will be more beneficial to the taxpayer.
• Complete Form 8615, Tax for Certain Children Who Have Investment Income of More Than $1,900.

Presenter: Steven O'Rourke, EA