Hiring your children to work in your business can be a win-win situation for everyone. Your
kids will earn money, gain real-life experience in the workplace, and learn what you do every
day. And you will reap a few tax benefits in the process…

Audits are becoming less common. The number of individual tax returns the IRS audited fell
to a 12-year low last year, to just above 1 million. Audits have been steeply declining over the last
five years, which the IRS commissioner said was due in part to declining budgets and a smaller
workforce.