Posts Tagged ‘implications’

What IMPLICATIONS does the SUBPRIME LENDING have on the corporate, banking and insurance sector?

May 26th, 2010

What implications does the subprime lending have on the corporate, banking and insurance sector?

Tax implications of Investment Property Income to a minor?

February 22nd, 2010

My husband and I just bought an investment property that we intend to rent. We purchased the property for a 10 year old minor with the intention of us making the monthly mortgage payments and the child receiving the monthly rental income (approx. 12K annually) to put in a savings account. Will our 10 year old have to file taxes on this income?