Assume the following facts: A married couple (hereafter the "Couple") owns a business and employs their three minor children in the business. Each child is paid $9,000 in wages for 2021. The Couple files a joint federal income tax return and a Form 1120S for their business. Questions: Are the children required to file federal income tax returns? Can the Couple claim the children as dependents? Can each child claim a standard deduction? Are FICA taxes owed on the wages paid to the children? Please cite at least one authoritative source (IRC or final regulation) to support your answer.

Assume the following facts: A married couple (hereafter the "Couple") owns a business and employs their three minor children in the business. Each child is paid $9.000 in wages for 2021. The Couple files a joint federal income tax return and a Form 1120S for their business. Questions: Are the children required to file federal income tax returns? Can the Couple claim the children as dependents? Can each child claim a standard deduction? Are FICA taxes owed on the wages paid to the children? Please cite at least one authoritative source (IRC or final regulation) to support your