Child’s Unauthorized Incorporation Of Father’s Business Proves Costly…

Child’s Unauthorized Incorporation Of Father’s Business Proves Costly In Tax Court

Raising kids comes with some well-known hazards: sleepless nights, spit-up stained clothes, and of course, the occasional flailing elbow to the genitalia. What you probably don’t anticipate upon the miracle of childbirth, however, is that one day your kid will take it upon himself to incorporate your business via the internet, costing you tens of thousands in tax deductions.

Allow me to explain…

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