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

Get married tax implications

Will You Get a Better Tax Return if You Get Married?

Many of our self-employed and small business owner clients ask us about tax implications of getting married. Marriage is a life-changing decision, and it’s essential to consider how it impacts your financial and tax situation. Depending on your circumstances, getting married could simplify your taxes—or increase your tax burden. Here are key points to keep...Continue reading

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