Hiring Your Spouse & Kids: Big Opportunities and Costly Mistakes to Avoid

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Today, we’re answering a smart question from a viewer about hiring a spouse or children in a family business. When structured properly, this strategy can create meaningful tax deductions, help a spouse build Social Security benefits, and even give children a head start on retirement savings. But if handled carelessly, it can raise red flags with the IRS.

Here’s some of what we discuss in this episode:

📋 What the IRS looks for in legitimate family employment

💼 Payroll tax deductions that can benefit your business

🧾 Why documenting hours and wages accurately is critical

🏢 How your business structure (LLC, S Corp, etc.) changes the rules

🛑 Common IRS red flags and audit triggers

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