Should I Pay My Child on a W-2 or 1099 Basis? [Tax Smart Daily 044]

Item: Hall CPA PLLC
Rating: 5
Author: Mike Dymski - Business Owner

A Short Read

Topics

Tax Smart Video

When you hire your children to work in your business, you should always pay them on a payroll basis. Learn more through this video from The Tax Smart Real Estate Investors YouTube channel.

Listen in to learn:

Why you should always compensate your children on a payroll basis
What happens if you pay them on a 1099 basis

Subscribe to the YouTube channel for more answers to real estate tax questions!

Enter Your Email Below To Subscribe To The FREE Tax Smart Investor^TM

Recent Articles

★★★★★

Hall CPA PLLC, real estate CPAs and advisors, helped me save $37,818 on taxes by recommending and assisting with a cost segregation study. With strategic multifamily rehab and the $2,500 de minimus safe harbor plus cost segregation, taxes on my real estate have been non-existent for a few years (and that includes offsetting large capital gains from the sale of property).

Mike Dymski - Business Owner

Table Of Contents

Enter Your Email Below To Subscribe To The FREE Tax Smart InvestorTM

Recent Articles

Enter Your Email Below To Subscribe To The FREE Tax Smart Investor^TM