How to Hire your Kids and Pay Less in Taxes [Get a Tax Write-off and Use Lower Tax Brackets]

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Название	:	How to Hire your Kids and Pay Less in Taxes [Get a Tax Write-off and Use Lower Tax Brackets]
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Кадры How to Hire your Kids and Pay Less in Taxes [Get a Tax Write-off and Use Lower Tax Brackets]

Описание How to Hire your Kids and Pay Less in Taxes [Get a Tax Write-off and Use Lower Tax Brackets]

Коментарии How to Hire your Kids and Pay Less in Taxes [Get a Tax Write-off and Use Lower Tax Brackets]

Watch this next: "Family LLC Management Company" youtube/IHIw7_JN6nA
Comment from : LYFE Accounting

Hello, you said under the age 18 which means lets say 5yrs to 17 yrs, are you saying they cant be 18 years old? What if they are still in High School at 18? Can I use them as "kid" status if they are 18 yrs old still living with me and working for me? Thanks in advance for the answer
Comment from : Carolyn

If I have a W-2 employee in my S-corp that makes $40k per year, is it advantageous to set them up on a similar plan like you’ve mentioned here (LLC Management Company) to avoid payroll taxes on the first $12,950?
Comment from : Ed H

Hi is there a minimum age for the child? For example if my 3 year helps with my marketing material, is she eligible? Thanks
Comment from : CoVA Tennis

I work for Uber which qualifies me as a self employee and they say I qualify for the child tax but also I on section 8 (housing) and medical and foodstamps do I still qualify my kids to work for me?
Comment from : Tanya Thompson

Does a grandparent qualify if they pay their grandkids to clean or file documents?
Comment from : JJHG Custom Designs

So if I were to get them a regular bank account it doesn't count?
Comment from : Tion Whitfield

Would like to see more examples for tax avoidance
Comment from : JF B

Definitely informative, I have one child I'll most likely have him be a model for my children's collection
Comment from : Raven

Can I hire my oldest teen as a child care provider for the youngest sibling who is disabled as a 1099??
Comment from : L Austin

what about state taxes on the amounts paid to children?
Comment from : Serafin Quintanar

Thank you so so much for this info
Comment from : Nonya Bid

Great video, I have been paying my 16 year old weekly Via bank transfer from my banking to their custodial banking account Does this still count?
Comment from : NubianQueen Nation

Will this count into home income ? Let say we want to buy a house Will their income count to it?
Comment from : Yanet Escobar

Does the FMC pay any taxes? Since it is being paid, say $36,000 for 3 kids at $12,000 each, what is the separate LLC tax liability? Also, the FMC LLC would be the one to have the W4, I9 filled out and stored for your kids right?
Comment from : Rusty Shackleford

If you have a SM LLC do you still have to fill out a W-4?
Comment from : wattsobx

Great video What type of checking account do you have to open for your minor is a joint account good enough or does it have to be custodial?
Comment from : wattsobx