John Wheeler

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Last quote by John Wheeler

If you issue a W-2 to [your child] but then a tax return is not filed, it's possible they could get a love-letter from the IRS.feedback
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Feb 08 2017
John Wheeler has most recently been quoted in an article called When Dad is the boss: Tax perks of hiring your kid. John Wheeler said, “It's a compounding benefit. Mom and Dad are reducing the taxable income of the business … and are pushing money out of their highest tax bracket into the kid's lowest tax bracket. Up to $6,300, it's all tax-free to them, because they get the standard deduction. You need to protect yourself, and document this correctly. You don't want to put yourself at risk just for the sake of saving yourself a couple bucks in income taxes.”. John Wheeler has been quoted a grand total of 2 times in 1 article.
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Quotes by John Wheeler

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