@edwardcollins_upleveled: I'm currently filming a masterclass teaching you how to do this step-by-step. If you are interested, DM me the word "masterclass" and I will send you more information about it. PS: Just for the record, the amount that you're allowed to pay your kids (17 years old and younger) without having to even file a tax return is $13,850. PPS: If you want to learn the nuances, join my FREE Masterclass. #taxstrategies2023 #businessownersparents #getupleveled credit: @Wealth SF0082

Edward Collins
Edward Collins
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Region: US
Tuesday 23 May 2023 16:05:40 GMT
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mtgjedi
MtgJedi :
Because 99% of people will never need this info.
2023-06-18 14:25:06
2
realestateorangecounty
Austin Nieves - OC Realtor :
Masterclass
2023-06-22 14:39:21
1
joeneuman4
Joe Neuman :
This is WRONG! You can only hire your child if they are doing real work. Obviously a baby 👶 can not do work.
2023-06-18 07:58:45
5
michaeljb312
michaeljb312 :
IRS also requires the child to actually work. unless your talking gift tax...that's not a tax deductible for a business
2023-06-17 11:09:54
2
desentub4323
Now I don’t :
Masterclass
2023-06-15 11:56:25
8
_srart
srart :
Master class
2023-06-15 10:41:19
5
jaketrackcam88
Jake Jehourian :
Doesn’t the child have the capability of doing work? I’ve read somewhere that they need to be capabable
2023-06-21 12:13:56
4
icewizz25
Ice :
Sounds prime for an audit. I want to see a 1 year work for $14k a year!
2023-06-23 00:49:22
2
dr_evo_producer
Dr EvO :
he's a @Pace Morby student with that hat 👊🏽
2023-06-19 15:48:25
2
nvh1208
NVH :
An important thing you did not mention is thaht they need to do a actual job thaht warrants the pay ( like ad campaigns)
2023-06-14 01:59:28
2
the_fiscal_patriot
Dan Nuwash, MBA :
You CANNOT put a baby on payroll, even if it’s your baby. You still have to abide by child labor laws, it’s absolutely NOT legitimate.
2023-06-17 05:24:19
2
yourmomsucka0
Noneya :
I was told by my accountant, that I could only pay my child enough for the job that they are doing? So my four-year-old can get 20 bucks a week.
2023-06-21 21:20:21
2
waylabrumbaughtod
waylabrumbaughtod :
Masterclass
2023-06-22 19:25:22
1
richardpew09
richardpew09 :
Masterclass
2023-06-22 21:13:26
1
super_tech
Superman :
Such BS. The kids have to be of age AND contribute to the business legally. A great way to get an audit 🤦‍♂️
2023-06-22 19:26:15
1
jaytee507
user3036671371173 :
Can you really “hire” your two month old?
2023-06-19 03:39:18
1
camerongentile2
Cameron Gentile456 :
The child has to have a justified job or purpose at a fair market reimbursement rate.
2023-06-22 16:53:50
1
teachmusicxvi
jwhitneyxvi :
Ok but how do you do this if you’re poor? THATs what we wanna know
2023-06-23 13:25:32
1
carlarodriguez600
carlarodriguez600 :
Masterclass
2023-06-23 14:19:54
1
ashleycox5920
Ashley cox :
My accountant said that it’s barley any benefit because of having to pay payroll tax
2023-06-15 11:59:18
1
gabrielsalu01
gabriel baradel :
Why didn’t you read the tax code lol
2023-06-15 16:14:39
1
amountclimber
😊 :
Masterclass
2023-06-15 17:36:30
1
raceforever
Tovia Grynewicz :
Masterclass
2023-06-15 19:10:03
1
mrxspry
Chris :
and they also don't tell you that disowning your kid before leaving high school will also get them into college cheaper
2023-06-22 12:03:55
1
therealinvestdeal
Joseph :
Masterclass
2023-06-22 11:25:48
1
anth0ny_moon
Anthony🌙 :
Masterclass
2023-06-22 08:48:13
1
nickthedish
Nick Risher :
Masterclass
2023-06-22 04:54:08
1
reversebat
Mason :
Masterclass
2023-06-16 04:01:16
1
vegeta_g_o_d
Vegeta_G_O_D :
Master Class
2023-06-16 11:03:26
1
dia3l0_
DIA3L0 :
@Nick Krop, CPA
2023-06-22 03:25:22
1
joeyp42699
Joey Perez :
Masterclass
2023-06-16 12:28:04
1
nativian11
Nativian :
they have to do something relevant to the business and it has to be paid at a reasonable rate.
2023-06-16 13:28:30
1
pritgill91
Prit Gill692 :
Masterclass
2023-06-21 22:46:54
1
bhm7862
bhmbased :
masterclass
2023-06-23 16:48:11
1
picassopay247
Travis Bradley255 :
Masterclass
2023-06-21 19:59:29
1
atlasfinancialsolutions
Atlas Financial Solutions :
You can’t hire them right when they are born they have to be doing some work for the company example filing docs, cleaning, sweeping, greeting, etc
2023-06-21 19:50:26
1
christopherzimme5
Chris :
Masterclass
2023-06-21 16:59:00
1
a.sosa247
SoSa247$ :
Masterclass
2023-06-21 16:03:57
1
jstraw22
Jstraw :
Masterclass
2023-06-17 03:11:52
1
vinnieengel
vinnieengel :
masterclass
2023-06-24 07:00:14
1
millertime369
user3929555922289 :
Masterclass
2023-06-14 03:49:43
1
jahn104
Sione :
masterclass
2023-05-24 11:54:28
1
ktsmith2384
Kelly T :
can we say we're "paying them" lol and get the tax write off. lol because my kids are eating me out of house and home during the summer!
2023-06-21 13:51:48
1
valiway_809
Valiway_809 :
The school system in America is a joke smh they wanna teach you everything except life shit
2023-06-21 12:41:51
1
mr.pada
Shamim Ahmed :
can I do my kids under 1099 , how does that work?
2023-06-18 02:24:09
1
darealangel.1
darealangel.1 :
Masterclass
2023-06-14 02:46:41
1
gt4w5qy545g
Jake :
Your kid actually has to do work. So I wouldn’t say that your newborn should be on payroll.
2023-06-20 23:36:28
1
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