Summer time! Kids are glad to be out of school for a short break.
Many young people start looking for summer jobs as they enter high school. This can keep them busy, give them focus, and oh yes, provide a little spending money.
Parents, their summer job may affect your taxes and theirs. Don’t assume that it’s better for them to claim themselves at tax time. Let us review the situation and give you the options so you can make the best choices for your family. See below for IRS information.
http://www.emersonaccounting.com
912-294-5301
IRS Special Edition Tax Tip 2015-13: Tax Tips for Students with Summer Jobs.
Back Away From the Ledger 