requirements for hiring my child via sole prop
My single member LLC does not run a payroll system. My 15 yr old child was hired with clear job description, time sheets and over the span of 2023, he was paid from LLC’s bank account directly to his personal bank account. He earned less than the standard deduction amount. He did not get a w-2 nor a 1099. Is it ok for the LLC (single member is parent) to direct deposit to child’s bank account without a payroll system? Additionally, can I show the child wages deduction on my tax return as “outside services” on schedule C without having filed a w2 or 1099?
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