Business Owned & Operated by Spouses; Family Employees

Published: March 10, 2020, 1:07 a.m.

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If you and your spouse jointly own and operate a business and share in the profits and losses, you may be partners in a partnership, whether or not you have a formal partner-ship agreement. See Pub. 541 for more details. The partnership is considered the employer of any employees, and is liable for any employment taxes due on wages paid to its employees.

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Exception - Qualified Joint Venture

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Family Employees

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One Spouse Employed by Another Spouse

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Covered Services of a Child or Spouse

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www.fender-tax.com

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