TaxGuyBill
Level 15
09-09-2021
09:29 PM
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@zhangyanjenny wrote:
If the child under 18 works for the parent, he/she is not available for self-employment tax or FICA, FUTA tax.
That is wrong. If the child under 18 is an EMPLOYEE for the parent, he/she is not subject to Social Security, Medicare or FUTA. If the child is an Independent Contractor, self employment tax DOES apply.