Credit Card offers- Onile savings account- personal insurance » Family And Friends http://www.cashorcredit24.com Find answers for all your financial problem Fri, 29 Apr 2011 17:58:04 +0000 en hourly 1 http://wordpress.org/?v=3.1.2 Do you have to pay interest on a savings account for a minor if your self employed? http://www.cashorcredit24.com/do-you-have-to-pay-interest-on-a-savings-account-for-a-minor-if-your-self-employed http://www.cashorcredit24.com/do-you-have-to-pay-interest-on-a-savings-account-for-a-minor-if-your-self-employed#comments Thu, 21 Jun 2007 14:59:20 +0000 admin http://www.cashorcredit24.com/do-you-have-to-pay-interest-on-a-savings-account-for-a-minor-if-your-self-employed savings account
Don H asked:


I’m self employed and want to open a savings account for my 1 year old daughter. Money from family and friends she has received for gifts. I have to be on the account as well because she is a minor. Will I have to pay taxes on her money if my name is on the account?

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