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It's All Relative

The tax benefits of employing family members.

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This story appears in the April 1997 issue of Entrepreneur. Subscribe »

Although it may not always seem so, owning a business can provide some useful tax advantages. Prime examples--and ones that are often overlooked--are the tax benefits you receive when hiring family members to work in your business.

Getting the family involved in the business can mean solid tax savings. Not only will such a strategy help reduce the family tax bill, but it can also provide each member with some valuable nontax advantages as well.

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