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376: OPEN FORUM SHOW - Answering Difficult Tax, Legal & Business Questions

Main Street Business

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Can My Kids Still Get Earned Income From a Hobby Business?

Your questions have been posted at main street business dot com. When we reply, i do a little reply to let you know what date we did that. We don't want to ever pay our kids under a sham or some sort of, you know, paying my kids to do the dishes, so that's not good. You follow our modeln from our books and vidios and training on how to pay your kids. Make sure they're raisth race for those kids. Pay your kids in a hobby loss - it can be a loss. So you'r able to get away with some losses in farming operation a little longer and be able to deduct that against your other income

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