Tax Attorney Web Site Warns of Upcoming Tax Laws in 2008



Although 2007 saw little change in the federal income tax, TaxAttorneyHelp.com wants to prepare taxpayers for some upcoming changes. There will most likely be changes in the 2008 tax law regarding the so-called "kiddie law," higher standards for enforcement and continuing education for tax preparers. Congress is also discussing changes to the alternative minimum tax.

What many people refer to as the "kiddie law" involves parents of children with more than $1,700 in investment income. Under the current law, children under the age of 18 have their investment income taxed at the same rate as their parents, but their earned income is exempt from the tax. This is intended to keep parents from taking advantage of lower income tax on minors. Under the new law, dependents under 19 and dependent full-time students under 24 will be included, although children who provide more than half of their own support will be exempt.

The Tax Attorney Help lawyers, found online at






***Note This page is an Archieve of Publicly released information either through our company or another Press Release organization. We do not "fact check", "Support", nor "Dispute" any of the information provided to us. We are a distribution point and Historical press release research and search service. This information only represents the fact that at one point in time the release was distributed to 1000's of publications both online and off. PRNewsNow will not take sides in any personal or commercial disputes you have with the writer of this press release. We will defend its right to exist blindly and without regards to its political, commercial or personal implications.***