How to File Taxes When One Spouse Owns a Business

How to File Taxes When One Spouse Owns a Business

Should you file jointly or separately when one spouse is a sole proprietor, 1099 contractor, realtor, consultant, or new business owner? Short answer: filing jointly usually produces the lower total tax, but there are very real exceptions—especially with student loans, medical expenses, community-property states, and risk-management concerns. Here’s a simple, plain-English guide. How the business...Continue reading

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