<p>"Now, if we can just beef up the estate tax to replace the lost revenue..."</p>
<p>Kluge, give me a few years to understand the impact of estate taxes. It will take a while for me to get interested in that subject. </p>
<p>I enjoyed the debate. :)</p>
<p>As a way to get my son's UTMA account reduced, I would like to use this money to pay for his private school education. He is currently a junior in high school. Is this legitimate? Can someone point to any IRS site so I can see "chapter and verse" and make a decision and/or talk to a tax advisor?</p>