BROADCASTS.com

b'Paying your children to work in your business can make sense both for the business and from a family tax planning standpoint, but you have to take care to justify that the children are truly being paid for actual business work.\\xa0 This was the little item that caused the taxpayer problems in the case of Alexander v. Commissioner, TC Summary 2006-127.\\xa0

While the case may mainly demonstrate the truth of the old "pigs/hogs" tax saying, the opinion also helps illustrate issues that need to be considered when a close relative is placed on the payroll.\\xa0 You can download the materials for this podcast at http://edzollars.com/2006-08-26_But_My_Kids_Are_Worth_It.pdf

I\'ll be heading to Bismarck, North Dakota next week for a vacation that will stretch over two weekends.\\xa0 There may or may not be podcasts for those weeks (depends on if I get them recorded and uploaded), but I expect to have up the following week if nothing else.

The podcast is sponsored by Leimberg Information Services, located at http://www.leimbergservices.com .
'