If You Employed Your Spouse or Kids,You Have a Tax Filing Deadline 1/31!

January 22, 2010 by Ron  
Filed under Archive, Blog

Hiring family members to work in your home-based
business can give you lots of tax advantages, but
they come with some tax obligations, as well.

All full-time and part-time employees must receive a
W-2 from their employer by Jan. 31. If you skip that
important step, you lose the deductions.   

Get details on when, where and how to file W-2s at
http://www.irs.gov/taxtopics/tc752.html

If you have NOT employed your family members in
your home-business, you may be missing out on
some major tax breaks.  See chapters 6 and 7 of 
"Home Business Tax Savings, Made Easy!"

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!

Spam Protection by WP-SpamFree