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The New Kiddie Tax: How It Might Change Gift Giving (Forbes) - The Tax Cuts and Jobs Act greatly simplified the Kiddie Tax. The tax was imposed in the Tax Reform Act of 1986 on unearned (investment) income of children. The new kiddie tax makes computing the tax easier but it can make planning more complicated for many families. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES Getting it Right: Crafting the CPA Exam (JofA) - CPA Exam questions must adhere to Blueprint topics and skill levels while avoiding words and ideas that could distract or confuse the reader. The Most Common Online Errors (and How to Fix Them) (How-to-Geek) - If youâve been on the Internet for a while, chances are good youâve encountered a variety of errors. While avoiding errors altogether is not possible, it does help to understand what those errors mean and some basic steps for resolving them. Two Accountants Explain How Cloud-Based Accounting Systems Help Clients Weather Disasters (CPA Practice Advisor) - Every so often, clients may call with more serious questions: âMy office was flooded and my records are lost, what happens if I canât recover them?â Preacher Taxed On Regular Gifts From Congregation Members (Forbes) - There was one issue left for the Tax Court. Was the cash and checks that congregants put in blue envelopes on Sundays taxable income or could it be excluded as gifts? Taxation Accounting/Audit |  TOP 5 MOST READ TOOLS OF THE TRADE e-BREAKS  The Real Reason Leaves Change Color In the Fall   |