This is especially a good idea if you’ve already maxed out on your and
So if you’re at a high tax bracket the end of the year, hire your kids to landscape your rentals. You’re better off avoiding the taxes on your extra income, and the money will be safe in a tax free shelter. It’s a good way to help your kid prepare for their first property purchase.
Check out Real Tax Tips at TReXGlobal.com to learn more about saving time and money on properties and taxes. Be sure to try Simplify'em, the FREE Property Management Software from TReXGlobal.com. (http://www.trexglobal.com ? utm_source=V_G&utm_medium=forum&utm_campaign=V_Gforum).
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