What About Husband And Wife In Business Together?

The Internal Revenue Service considers a husband and wife in business together, and requires them to file a partnership return.

If the business is considered only to be that of one of the spouses, but the other one simply works for them in the business, the activity would be properly reported on Form 1040, Schedule C for the business owner. The other spouse would generally be an employee of that spouse.

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Tax Disclaimer: To ensure compliance with IRS Rules, any U.S. federal tax advice provided in this communication is not intended or written to be used, and it cannot be used by the recipient or any other taxpayer (i) for the purpose of avoiding tax penalties that may be imposed on the recipient or any other taxpayer under the Internal Revenue Code, or (ii) in promoting, marketing or recommending to another party a partnership or other entity, investment plan, arrangement or other transaction addressed herein.