Pay children up to $14,600/year tax-free through your business.
Employ your children (under 18) in your sole prop or spousal-owned LLC for legitimate work. Wages up to the standard deduction ($14,600 in 2024) are federal-income-tax-free to them, no FICA/FUTA if structured correctly, and fully deductible to the business. Fund their Roth IRA with earnings for decades of tax-free compounding. Requires real work, documented hours, and reasonable pay.
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Multiply the $10M §1202 exclusion across multiple trusts.
4% corporate tax + 0% capital gains for bona fide residents.
Stack the $500K primary-home exclusion on top of a 1031 deferral.
Convert Traditional to Roth during sabbaticals or business-loss years.
Capitalize property taxes and interest on undeveloped land.
Deduct now, control forever, employ heirs.
Ordinary loss (not capital loss) on failed small biz — up to $100K.
Buy leveraged real estate inside your IRA — tax-deferred or tax-free.