Tax expert warns against gifting through joint accounts
Dear Reader asks if depositing 25 000 in a joint account with an adult child and the child later withdrawing triggers taxes. The adviser says yes, using a joint account to bypass the 10 000 annual gift exclusion is effectively a gift tax issue and could be detected by authorities.
MENTIONED IN THIS ARTICLE
Bruce
R.B
Maryville
Tenn
Goodyear workers strike after contract talks fail
AP Cincinnati reports Goodyear Tire & Rubber Co workers, about 12,500 in seven states, walk out as talks with United Steelworkers stall before the midnight contract expiry. The strike affects Akron Ohio and plants in Ohio, Alabama, Tennessee, Virginia, Wisconsin, Nebraska, and Kansas. Goodyear vows to keep operations running while union seeks wage and benefit gains and synchronized expirations.
MENTIONED IN THIS ARTICLE
Cincinnati
Goodyear Tire & Rubber Co
North America
United Steelworkers Union
Curt Brown
Brown
Midwest
South
Mike Runyon
Goodyear
Lincoln
Neb
U.S
Akron
St. Marys
Marysville
Ohio
John Perduyn
Santia#0
Chile
Roger W. Tyson
Goodyear Tire and Rubber Co. Tech Center
Ers
Kidron Auction Sees 2387 Livestock Head and Multiple Commodities
Consignments at Kidron Auction include 339 hogs ranging 190 to 260 lbs with prices about 51 to 58 dollars, 1149 feeder pigs up to 60 lbs priced 35 to 66, bred sows and AI noted, 197 calves from 42 to 55, 175 cattle with steers none, heifers 35 to 85, cows 30 to 40, feeder cattle 33 to 75, 140 sheep and lambs 77 to 160, 218 goats 5 to 100, dairy cattle with cows at 920 or less and open heifers 150 to 550, 3 horses 110 to 485, total head 2387, consignors 487, hay and straw loads also listed with multiple cutting prices and ton values.
MENTIONED IN THIS ARTICLE
Nyse Isied Moet
New York
Ma Bank Am
Vane Yi
Bosing
Bae BoVe
Chevron
Salant
Toye Moor
Dietolds
Kedak
Bae
Dabrin S
Korea
Aea
Lucas
Lucent
AP Fee
E— Va
Fe Mobil
Sof
Soe
Monsen
Morgan Malorcla
Ste
Nike
NineWest
Te Nomtal AG
arkPar AG
Penney
Repsitas
Bo Va Pier
PhiMor
Bae As
Texaco
ADI Foyru
WalMart
Eito
Kidron
Also Mentioned on This Page
Smart Money
P.O. Box
Eifers
Bruce Williams
Segel
Perduyn
Fred Haymond
United Rubber Workers
Kelly-Springfield Tire & Rubber Co
Tire and Rubber Industry
Gadsden, Ala
Union City
Danville
Sun Prairie
Wis
Lincoln Neb
Topeka
Kan
Kelly-Springfield
Freeport
Mt. Tyler
Texas
Fayetteville
N.C
Michael J. Lotko
Lotko
Gail Talarek
Hilliard Rd
Etyria
Mathe
Ll.— Rm Savings & Loan Company
Elyria
Lorain
Northernsavings.com
Middle Ave
College Park Office
Antioch
Midway Mail Office
Midway Mall
N. Ridgeville
Center Ridge Rd
Genesis
Genesis Health Plan
Genesis Health
Mlealth
Plan