spouse

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Retirement options for a non working spouse

In many couples, there is one spouse that might not be working at a w2 job or being self-employed. The "non working" spouse is usually managing the household ensuring it runs smoothly, which can be a 24/7 job especially if there are children. In many of these cases, the "non working" spouse is supporting cost-saving

By |2025-01-11T19:15:13+00:00March 24th, 2025|Categories: Individuals|Tags: , , , , , , , , , , , |

Careful electing your business partners – S Corporation shareholder liable for stolen funds

You need to be extremely careful on how you get in business with. You might end up being liable for ghost income, funds stolen from your partners and many other issues. In the Maggard v. Commissioner, (TC Memo 2024-77), James Maggard co-founded an engineering consulting partnership, the initial co-partner left buying him out, and then,

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