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Lathrup Village Farmers Market / Application for 2017 Wednesday May 10 October 18, 2017 1:30pm 7:00pm Name: Farm/or Business Name: Address: City: Telephone # ( ) Emergency Contact: Email: Website:Zip

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No kiddie tax refers to tax regulations that apply to children and dependents who have unearned income. It involves the taxation of their investment income, which is taxed at the parent's tax rate if it exceeds a certain threshold.

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Parents filing taxes for their children who have unearned income that exceeds the IRS threshold are required to file the no kiddie tax form. This applies especially to dependents under the age of 19 or full-time students under 24.

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To fill out the no kiddie tax form, gather all necessary income information including interest, dividends, and any other unearned income. Follow the form's instructions to report the child's income and possibly include it on the parents' tax return.

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The purpose of no kiddie tax regulations is to prevent parents from shifting income to their children in order to take advantage of lower tax rates. It ensures that unearned income is taxed appropriately.

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The form requires reporting the child's unearned income, including details about interest, dividends, capital gains, and any other applicable income sources, along with the child's name and Social Security number.

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