TT will not allow me to create a W2 for my children that I employed under my LLC with $0 listed under SS and Medicare withholdings, despite their exempt status based on age and income less than $600.00 for the year.
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If your LLC is owned by you and your spouse and your child is under 18, you do not need to withhold FICA taxes (Social security and Medicare).
To create the W-2 without FICA withholding, uncheck the check mark next to "Uncheck to disable auto-calculate" as by default this is checked. You enter 0 as Social Security wages and 0 as Medicare wages. You can then enter 0 for both Social security and Medicare withholdings and the program will accept it.
If your LLC is owned by you and your spouse and your child is under 18, you do not need to withhold FICA taxes (Social security and Medicare).
To create the W-2 without FICA withholding, uncheck the check mark next to "Uncheck to disable auto-calculate" as by default this is checked. You enter 0 as Social Security wages and 0 as Medicare wages. You can then enter 0 for both Social security and Medicare withholdings and the program will accept it.
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