How to Report Kiddie Taxes using IRS Form 8615

If your dependent children receive investment income over certain thresholds, they may be subject to the "kiddie tax" on their unearned income. The tax is designed to tax their investment income at the same rates as the parent.

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DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal, or accounting strategies demonstrated in this video. Thank you.