INDIANA – For many farm and ranch operations, family labor is the backbone of success. However, employing family members presents a unique set of challenges, particularly when it comes to understanding and complying with complex tax regulations. To address these critical issues, a special free webinar titled “Employment of Family Members” will be held on June 11, 2025, from 1:00 p.m. to 2:30 p.m. Eastern Time.
The session will feature Rob Holcomb, an expert in agricultural tax provisions, who will provide invaluable guidance on key tax considerations related to employing family members within a farm or ranch business. Attendees will gain a clearer understanding of how to navigate the intricacies of the tax code while ensuring their operations remain compliant and efficient.
Topics covered during the webinar will include:
- Employment of children by their parents: Understanding the specific rules and benefits when employing minor or adult children in the family business.
- Spouses working for each other: Detailing the tax implications and reporting requirements when spouses are both involved in the farm or ranch operation.
- Business structures involving family members: Exploring how different business entities can impact tax obligations and opportunities when family members are involved.
- Reporting and withholding requirements: Ensuring proper procedures are followed for payroll, income tax withholding, and other necessary reporting.
- Deductibility of wages paid to family members: Learning how to properly deduct wages paid to family members to maximize tax efficiency.
This timely event is crucial for any farm or ranch owner currently employing family members or considering doing so in the future. Rob Holcomb’s expertise will offer practical advice to help operations effectively manage their labor force while optimizing their tax position.
Event Details:
- Event: Employment of Family Members
- Date: June 11, 2025
- Time: 1:00 p.m. – 2:30 p.m. Eastern
- Presenter: Rob Holcomb
To register, click here.
