Article Date:
July 2013


Word Count:
687

 

 

Tax-Deduction Benefits for Section 105 Plan


Situation

 

My wife and I are 1099 independent contractors.

 

We work for the same company and file our tax returns jointly, but each of us has our own Schedule C for income and expenses.

 

We have no employees.

 

My wife is age 60 and I am age 66.

 

Questions

 

We bought your tax course, and we have the following questions about establishing our Section 105 plan or plans:

 

1.

Do we need a Section 105 for each of our businesses?

2.

I am on Medicare. How does that work ... Log in to view full article.

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