Children in business

[CA3133]

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

[pmurphy3]

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...

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.