Husbands and wives often participate together in business ventures. “What are the tax implications of an unincorporated husband-wife business activity?” you ask. Good question. Read this article for some answers.
Partnership Tax Status Is Unfavorable for a Husband-Wife Business
When both members of a married couple participate in an unincorporated business venture, must it be treated as a husband-wife partnership for federal tax purposes? Answer: maybe, ... Log in to view full article.