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Reply to "Half more - child custodial Roth IRA compliance"
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[quote=Anonymous][quote=Anonymous]Not sure what is interesting about this. Kids don’t need w-2 wages. They just need earned income. Household work is fine as long as you document each. [/quote] Household work is not fine. Go read the rules on employing family members as HH employees. And for bonus tell me with a straight face that someone not your kid’s parent would ever be willing to pay them for the chores they do. This is just people making money off gray area scams. I’m sure they talked to a lawyer who said it’s not impossible this could work and they ran with it paying no attention to all the caveats. Reminds me of Fisk actually. [/quote]
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