How to hire your child to reduce business and personal income taxes
Here’s a question I received from one of my clients: I will hire my 15-year-old daughter to work in my single-member LLC business, and I expect to pay her about $12,000 this year. Do I pay her through payroll checks and file a W-2? My Answer Yes. And W-2 payment is essential.
ABM Editor
November 14, 2022
