Pay your kid W-2/1099 wages from your business, contribute up to $7K/yr to their Roth — 60+ years of tax-free growth.
Any child with earned income can fund a Roth IRA up to the lesser of earnings or $7K/yr (2024). Business owners can hire kids for legitimate work (modeling for marketing, office cleaning, social media) at reasonable wages; kids under 18 employed by parent's unincorporated business owe no FICA (§3121(b)(3)(A)), and the first $14,600 (std deduction) is FIT-free. Fund Roth from those earnings. $7K/yr from age 10 to 18 compounding at 8% to age 65 = ~$1.2M tax-free. Must be REAL work with reasonable pay + timesheets.
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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.