I read your article in the September 2007 issue of Tax Reduction Letter (Vol., 16, No. 9) regarding the new law that requires a “joint venture” tax plan for a husband-and-wife business. I have completed the tax forms, but I did not find where to make the election. What form(s) need to be filed to document this relationship? (J.R., Cedar Rapids, Iowa)

We will get to your answer in a moment, but first let’s review this new rule. Here are two ... Log in to view full article.