Month: October 2017

If you own a profitable, un-incorporated business with your spouse, you probably find the high self employment tax bills burdensome. In the partnership business structure, an un-incorporated business in which both spouses are active is typically treated by the IRS as a partnership owned 50/50 by the spouses. For simplicity, when we refer to “partnerships,” … Continue reading “2 Ways Spouse-Owned Businesses Can Reduce Their Self-Employment Tax Bill”