How To Transfer UTMA Accounts To Children To Pay Less Taxes

how to transfer utma account to child

Most doctors and other high income professionals typically want to do two things financially to help their families: Pay less taxes and teach their kids about money. One way that they can accomplish both is by employing children at their businesses/practices (consult your CPA for rules before doing so). By doing this, they’re able to lower the payroll tax +

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