The Kids Eat Free

December 30, 2017
By Matt Cohen, CFP®, CIMA®

As the year winds to a close, taxes and gifting starts to be part of many investor’s conversations. Regardless of which tax code changes eventually become law, the basic premise of our tax system will remain in place; income and gains are taxed in the year they are recognized, with retirement accounts being the main exception to the rule. The tax treatment of custodial accounts is another exception that is often overlooked.

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