So I have a question in regards to paying the children I understand if you pay him under the standard deduction they do not have to file but does that just negate the rule of paying anybody cash over the allotted amount for a 1099 I guess I’m not understanding why they don’t have to file a 1099 if they’re getting paid cash I understand why we don’t want to put them on payroll. But isn’t it like 600 or something that if you pay cash you have to do a 1099 so then they would have to file a return on that
Great question!! Mat and I responded on todays show recorded 1/14/26. Please check it out when you can. Thanks again!. Mark