{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Real Estate Is Taxing","title":"#17: Hiring Your Kids: Tax-Saving Strategy or Really Risky Move?","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/498e8b0a\"></iframe>","width":"100%","height":180,"duration":1632,"description":"Maximize Tax Benefits by Employing Your Children: Key Strategies and Pitfalls\nhttps://www.natalie.tax\nhttps://www.incite.tax\n\nIn this episode of 'Real Estate is Taxing,' host Natalie Kolodij delves into the strategy of employing your children in your business. \nShe outlines the numerous benefits, including significant tax savings and the opportunity to fund a Roth IRA at an early age. Natalie also discusses crucial compliance requirements to avoid costly mistakes, such as treating the children as actual employees, paying reasonable wages, and issuing W-2 forms instead of 1099s.\n The episode provides essential guidelines to help business owners implement this strategy correctly and reap the financial advantages.\n00:00 Introduction to Real Estate Taxing\n01:41 Why Employing Your Children is Beneficial\n02:29 Tax Benefits of Employing Your Children\n08:17 Common Mistakes to Avoid\n13:50 Entity Types and Payroll Taxes\n14:55 Proper Documentation and Compliance\n23:59 Recap and Final Thoughts","thumbnail_url":"https://img.transistorcdn.com/7p4vFIM7-jHizm--e7xacjLelS5_7Kw6wB_KCTCk4nw/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS85NGRk/Y2QzMzEwMTczM2Mz/MTFiNzJkOTdmODA2/NmE3MC5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}