Your Family Business And Taxes

Do you own a business with a spouse, child, or parent? Or, do you work alongside one of your family members in a family business?

When you own a business with family members, or work alongside them, certain tax treatments and employment tax rules can apply. As we close out the 2019 tax year into 2020, careful tax planning is essential to ensure your business is paying attention to all the tax advantages the IRS has to offer.

Read article: Tax treatment for family members working in the family business

If you need tax guidance, you are more than welcome to reach out to our team and we will be happy to point you in the right direction.

 

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