Taking a mental health moment- 'cause the questions today are kooky:
"How much tax will it save me if I give my kids money for last year?"
"I'm going to exercise some stock options. Can I sell the stock to my kids for $1 so I don't have to pay tax?"
"You said I can't claim my baby (born in Feb 2010) but my brother claimed his newborn- so what's up with that?" "When was his baby born?" "December."
"My friend's preparer takes deductions for what she spends on her kids' soccer. Can I?"
(Kids 14 & 17, so not even remotely "child care.")
From an employee, no biz- "If I incorporate, what extra deductions can I take?"
Really? You all saved these up for today?
"How much tax will it save me if I give my kids money for last year?"
"I'm going to exercise some stock options. Can I sell the stock to my kids for $1 so I don't have to pay tax?"
"You said I can't claim my baby (born in Feb 2010) but my brother claimed his newborn- so what's up with that?" "When was his baby born?" "December."
"My friend's preparer takes deductions for what she spends on her kids' soccer. Can I?"
(Kids 14 & 17, so not even remotely "child care.")
From an employee, no biz- "If I incorporate, what extra deductions can I take?"
Really? You all saved these up for today?
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