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Unformatted text preview: income to support themselves without these childcare payments. Kim and Jim have come to you with the following questions: 1) Do they have to include these payments in their income? 2) If the answer to #1 is yes, do they also have to pay self-employment tax on these payments? Required: Research this issue and write a properly formatted file memo and a letter to the client reporting your findings....
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This note was uploaded on 08/25/2010 for the course TAX 6875 taught by Professor Schmitt during the Spring '10 term at University of Central Florida.
- Spring '10