PPP Round 2 Now Available
The Paycheck Protection Program provides small business loans with up to 100% forgiveness to help businesses impacted by COVID-19.
Funds are limited and will be disbursed on a first come, first served basis.
If certain criteria are met, the parents may elect to claim the child's income on their tax return using Form 8814.
Speak to your local CPA about the tax strategy of filing Form 8615 or Form 8814.