Monthly Archives: October, 2011

Election for Husband and Wife Unincorporated Businesses

Election for Husband and Wife Unincorporated Businesses An unincorporated business jointly owned by a married couple is generally classified as a partnership for Federal tax purposes. For tax years beginning after December 31, 2006, the Small Business and Work Opportunity Tax Act of 2007 (Public Law 110-28) provides that a “qualified joint venture,” whose only …

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Hello world!

Welcome to the tax blog of Coast Financial Services, Inc.  Our goal is to provide information with regard to tax compliance and planning topics.

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