373: Open Forum LIVE- Charitable Remainder Trust, 401k and the IRA, S-Corp vs LLC and MORE!
Main Street Business
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Is There a Deduction for Paying My Kids in the Business?
If you paid your kids last year, and the money went out of your business to your kids, you're got a ride off. Make sure it's included in your tax return for last year. Your kid had to have a bank account in their name, your business paid the kid. If yeu're calling just now, i i regrettably have to say, ou're probly going to have to use someone else for your 20 21. But on the law firm's side, we can service you. Yes, we get more phone calls than we can handle each day,. but we're reaching out a the determined folks.
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