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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: ChanceIs who wrote (51522)4/6/2006 12:02:53 PM
From: GraceZRead Replies (1) of 306849
 
The IRS defines employee as anyone who performs a service for you or your business. Then it goes on to define whether the person is an independent contractor, a common law employee, statutory employee or a statutory non-employee, but the first rule is that services have to be tendered by the employee.

In the absence of performing ANY services that person is not a legal employee and paying them is not a deductible expense for his biz.

If this were not the case anyone who ran a biz could avoid their own high marginal rate by putting their children on the payroll. While I don't doubt that there are some family employees in a closely held family biz who provide dubious value for their pay checks, they have to provide SOME service.
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