Paying Your Kids for Tax Savings? Don’t Make This Tax Mistake!
Are you thinking about paying your kids to save on taxes and build their future wealth?
In this episode of the Know Your Numbers REI Podcast, CPA Chris McCormack breaks down one of the most talked-about tax strategies today: paying your children and funding a Roth IRA. While it can be powerful, doing it the wrong way could trigger audits, penalties, and major headaches with the IRS.
We cover how to legally and ethically apply this strategy, so you can protect your business, maximize tax savings, and set your kids up for long-term financial success.
In this episode, you’ll learn:
• The REAL…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.