Regs restore FICA/FUTA family employment exemptions
Regulations have restored the FICA/FUTA exemptions for employing family members and members of religious orders in LLCs and other disregarded entities that didn’t elect to be treated as corporations for federal payroll tax purposes. The regs became effective Nov. 1, 2011, but you may apply them to wages paid beginning Jan. 1, 2009.
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