to conclude, yeah, maybe you can save a dime of income tax by putting your money into a bank account in your kids name. from the perspective of tax law, there is no "loophole" per se.
I am not sure what is the big deal on this.
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No tax for INT under $700, and low rate after
-jin_yin_hua-
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02/02/2009 postreply
11:28:09
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can you point to the source of that assertion?
-caliber-
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02/02/2009 postreply
14:59:33
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The INT is under your child SSN. not yours.
-jin_yin_hua-
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02/02/2009 postreply
17:22:37