Roth IRA for niece with no taxable income


From: "Simon Mattox" <sie@hotmail.com>
Subject: Roth IRA for niece with no taxable income
Date: Mon, 22 Feb 1999 18:40:29 PST

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Ok, here is a question for all you financial planners.  I want to open a 
Roth IRA for my niece but she is only 11 years old and has not taxable 
income.  What are the laws about paying her for chores or remedial jobs 
and counting that as taxable income.  Anybody have any good ideas on 
this.  Thanks for you help

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