futa tax

Collapse
X
Collapse
 
  • Page of 1
  • Time
  • Show
Clear All
new posts
Previous template Next
  • gman
    Senior Member
    • Dec 2005
    • 676
    #1

    futa tax

    Would Wages paid from a LLC-(members are parent & grandparent) to a 16 year be subject to FUTA?
    Tags: None
    • Jesse
      Senior Member
      • Aug 2005
      • 2064
      #2
      I don't think the LLC would qualify with a grandparent as a member.

      Per Publication 15: Child employed by parent (or partnership in which each partner is a parent of the child) are exempt until age 21.
      http://www.viagrabelgiquefr.com/

        Comment

        • Nashville
          Senior Member
          • Nov 2007
          • 1129
          #3
          Form 8832

          How has the LLC elected to file?

          If it is being filed as a proprietorship, the answer is "No."

            Comment

            • Jesse
              Senior Member
              • Aug 2005
              • 2064
              #4
              Originally posted by Nashville
              How has the LLC elected to file?

              If it is being filed as a proprietorship, the answer is "No."
              Could the child be FUTA exempt under any other entity elected by the LLC?
              http://www.viagrabelgiquefr.com/

                Comment

                • gman
                  Senior Member
                  • Dec 2005
                  • 676
                  #5
                  llc

                  files as a partnership

                    Comment

                    • ChEAr$
                      Senior Member
                      • Dec 2005
                      • 3872
                      #6
                      still, to be exempt, child must be that of parents only; not grandparents.
                      ChEAr$,
                      Harlan Lunsford, EA n LA

                        Comment

                        Previous template Next

                        Disclaimer

                        Collapse

                        This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

                        Working...