If you want to get a tax deduction for paying your child wages, you need to make sure everything is above board. This means that you have to be scrupulous about your practices when hiring your child to work for you.
Stay Informed! Sign Up in our community. Fast Forward Academy released Return Tax Preparer products early in 2011 pending final announcements from the IRS. Products include study guides for wages and small business along with a free test bank, practice exams, and continuing professional education.