In today’s episode, we’ll discuss this strategy, go over the tangible real dollar benefits you can reasonably expect, and how to avoid pitfalls when implementing.
Topics Discussed:
- Quick tax time-to-file tips.
- Why earning 1099 income is a good idea if you have children.
- Understanding child labor laws.
- Tangible benefits you can expect from the 1099 Earner’s Gift.
- What kinds of jobs are acceptable and how to keep records.
- Common pitfalls that occur.
- How to avoid these pitfalls and what changes you should make to your filings.
- How financial aid plays a part in this and what to look for when it’s time for applying.
Resources Mentioned:
- Form 4868 - Application for Automatic Extension of TimeTo File U.S. Individual Income Tax Return
- Tax Rules for Children and Dependents
- ERdocadvisor.com
Tags
ER doctors, emergency medicine, emergency medicine, finances after death, wealth planning, financial planning, probate court, taxes,
