Because of attribution rules, the spouse of a 2% owner is considered an owner of the S corporation. Although there will be some FICA savings, income tax savings do not result. The maximum tax benefits are for the sole proprietor, partner or LLC member who hires his or her spouse. Vern Hoven
Because of attribution rules, the spouse of a 2% owner is considered an owner of the S corporation. Although there will be some FICA savings, income tax savings do not result. The maximum tax benefits are for the sole proprietor, partner or LLC member who hires his or her spouse. Vern Hoven
InnovativeCPE 3 months ago
Would this type of scenario also work for an S Corp where the only employees/shareholders are a husband & wife? It appears to me that it would.
smonakey 3 months ago