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

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!