Schedule C or Form 1065? How Husband and Wife LLC Owners Should Choose
Should a husband and wife LLC file Schedule C or Form 1065? Learn how community property rules affect eligibility and compare the filing costs, self employment tax treatment, deadlines, and state requirements of each option.
Limited Partners and Self Employment Tax After the Fifth Circuit Ruling
A Fifth Circuit decision rejected the IRS functional test and restored the statutory self employment tax exclusion for limited partners. Learn who qualifies, what income is excluded, and why geography now matters.