Youngest Client Ever

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  • zeros
    Senior Member
    • Dec 2006
    • 921

    #1

    Youngest Client Ever

    I got a new client, 2-1/2 years old. He, apparently, did some modeling and at the end of the year received a w-2 ($300.). Sure enough, they took out taxes, so a return had to be filed to get them back. I'm trying to think how much I should charge him. He didn't behave himself very well during the interview....
  • JohnH
    Senior Member
    • Apr 2007
    • 5339

    #2
    Did you check his ID to verify his age?
    "The only function of economic forecasting is to make astrology look respectful" - John Kenneth Galbraith

    Comment

    • Koss
      Senior Member
      • Jul 2005
      • 2256

      #3
      Due Diligence

      Wow. That raises all kinds of complicated issues. Are you going to do the parents' return also?

      Could be a conflict of interest. How do you get consent from someone that young, in order to reveal to the parents what his gross income is?

      Because when you do the parents' return, you need to know the child's gross income in order to determine whether he is their qualifying child...

      In some third world countries, that amount of income might be more than the parents made.

      LMAO :P
      Burton M. Koss
      koss@usakoss.net

      ____________________________________
      The map is not the territory...
      and the instruction book is not the process.

      Comment

      • taxxcpa
        Senior Member
        • Nov 2007
        • 978

        #4
        Make sure he signs the Form 8879 himself.

        Comment

        • WhiteOleander
          Senior Member
          • Jun 2005
          • 1370

          #5
          Maybe open a Roth for him????
          You have the right to remain silent. Anything you say will be misquoted, then used against you.

          Comment

          • zeros
            Senior Member
            • Dec 2006
            • 921

            #6
            Original Post Says $300.00

            Originally posted by Koss
            Wow. That raises all kinds of complicated issues. Are you going to do the parents' return also?

            Could be a conflict of interest. How do you get consent from someone that young, in order to reveal to the parents what his gross income is?

            Because when you do the parents' return, you need to know the child's gross income in order to determine whether he is their qualifying child...

            In some third world countries, that amount of income might be more than the parents made.

            LMAO :P
            Signing the 8879 might be a problem. Maybe an "X". The think the parents thought they would just add it to their income.

            Comment

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