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Question: Small business tax filing?

(Posted by: James1982 on 2010-01-31 09:37:54)

I have a normal office job and my wife owns a small business. This is the first year she got some income. What would be the best tax filing method? For my income portion, I file ‘joint’, which is the same or similar as previous years. What should my wife portion be filed? Should she files tax return with her own social security number (what she is using currently)? Any program can help to do this? Any advise will be highly appreciated. Her business income this year is about $5000.

Posted by: Judy on 2010-01-31, 11:14:28

Her business income goes on the same joint return, on a schedule C and SE, then on the same 1040 form as your job income.