Archives for June 2017

Inheriting Stock

Q: I inherited some stock from my mom that are paying really good Dividends and Capital Gains each year.  Do we have to pay tax on that? A:  Any dividends or capital gains that are issued to you are taxable.  They will send a 1099 at the end of the year with the information that needs […]

A High School Graduate & A W-4

With recent high school graduates getting ready for the next stage in their lives, I’ve been asked the following question by a few parents: “My child always had a part-time job and we had him claim exempt because he wouldn’t earn more than $6,300.  But he is graduating this year and will be making more money now.  What should he […]