irs compliance

pay your child a wage for tax benefits

How to Legally Pay Your Child a Wage for Tax Benefits (Family-Owned Business)

Running a family-owned business comes with unique advantages—and one of the most powerful is the ability to legally pay your child a wage for tax benefits. By employing your child, you can reduce your business’s taxable income, teach them valuable work skills, and help them start building financial independence early. When structured correctly, this strategy […]

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Understanding Cryptocurrency Taxes: A Beginner’s Guide to Form 8949

Cryptocurrency taxes are one of the most misunderstood areas of modern finance. As digital currencies like Bitcoin and Ethereum continue to gain popularity, the IRS has made it clear: cryptocurrency is taxed as property, not currency. That means every time you sell, exchange, or spend crypto, you could be triggering a taxable event. This guide

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