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Do you operate a business?
Is your youngster eighteen-years-old or older?
Then I have good news for you!
If you handle things right, you can use a powerful strategy
to build a sizable college fund.
That’s right…
The strategy explained below can help you
significantly cut your tax bill.
This frees up money you can use
to help your youngster pay for college!
FIRST THE BAD NEWS: If you hire your eighteen-year-old (or older) child as an employee, you both must pay hefty payroll taxes. Don’t go there!
HERE’S THE GOOD NEWS: If your child engages in a one-time business activity for you, (like building a web site or painting your office), he/she will not be considered an employee and you won’t be subject to the onerous payroll tax!
Here’s a quick summary
of three important facts to remember.
- To save on taxes, your youngster should engage in only one business-related activity.
- You don’t put your youngster on your payroll.
- Your youngster does not qualify as being in a trade or business.
Want to get all the details on how this powerful strategy can lower your taxes?
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“Paying for College: A Winning Strategy”