I have a S-corporation. Last year, the S pay my daughter( 16yr old) 3w. but she has to pay #SS, self employment tax and 15% tax and accounting. that end up with about 7500 pay out total.
I think it is not worthy. I have pay my
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• No social security if the S Corp pay her through you in subcontr -Cupertino枇杷- ♂ (386 bytes) () 01/23/2012 postreply 09:16:59
• Thanks. I afraid of IRS check on it too. -meowi- ♀ (0 bytes) () 01/23/2012 postreply 09:26:48
• It is s corp pay her, not me. I get W-2 from s corp and -meowi- ♀ (287 bytes) () 01/23/2012 postreply 09:32:11