Can i invest in the stock market even though i am under 18?

Children under the age of 14 are taxed as single persons on their earned income and on their unearned income (investment income) of $1,400 or less (IRC 搂 1(g)). No tax is imposed on the first $700 ...

You would have to take the personal exemption on your return and tax his income above the $1,700 at your rate. Even if you don't claim him as an exemption he may not claim himself because you ...

ING direct sucks. They were good a long time ago, but no where near the top any more. go to www.bankrate.com and pick one.

You need to file an amended return on Form 1040X. Turbo tax can handle that for you. Do NOT "refile" the return!

If he's doing it to try to qualify for medicare, he will need to do it at least 90 days before he applies, or else it will still be counted as part of his net worth. There usually isn'...

H&R Block employees are not paid for selling an IRA so I don't see why anyone would pressure you. Their savings account is paying a much higher rate than the local banks and there is no fe...

If you already have an investment account, you can probably open a separate account there. At Vanguard for instance, it's just a different account number. If you don't, just give a co...

You show each transaction on your tax return, and show the gain or loss on that transaction. You add up all the gains and losses for the year, and pay tax on the net. If you didn't report ...