Children in business

CA3133 — Tue, 10 Mar 2026 06:54:44 GMT

How do I involve my children into my business for tax benefits?

Re: Children in business

pmurphy3 — Wed, 16 Nov 2022 21:28:37 GMT

It is advantageous to hire your children. However, there are certain items you should be aware of:

https://ttlc.intuit.com/community/business-taxes/discussion/where-do-i-enter-payments-to-my-children-for-working-on-business-i-did-not-enroll-them-on-payrol/00/572270

https://www.nolo.com/legal-encyclopedia/why-its-tax-smart-hire-your-children.html

And by hiring your children, you can set up a Roth IRA for them. Will pay enormous dividends for them as they get older.

Please read the material above and then feel free to come back and ask for more information.

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Children in business

Re: Children in business