Article Date:
February 2008


Word Count:
272

 

 

Solo 401(k) for Employee-Wife


I am paying my wife to work in my office, so your article on the solo 401(k) in the January 2008 issue of Tax Reduction Letter is perfect for my situation. I pay her $12,000 a year. She wants to take an elective deferral of $12,000, and that’s what triggers my question. Her net pay is less than $12,000 because we took out payroll taxes and withholding. Now, how do I handle this mechanically? (J.C., Chicago, ... Log in to view full article.

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