The holiday season is upon us, and as some know, it can be frustrating when your children are out of school and complain about having nothing to do.
So, why not hire your child or children to work for your business? Doing so can keep them productive and teach valuable skills while potentially lowering your tax bill.
However, as you would guess, there are important IRS rules to follow. Here’s what you need to know.
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Tax benefits of hiring your child
- If you follow IRS rules, hiring your child to work for…
