| New Rules for Spouses Who Operate a Business Together |
| Do you qualify for simplified reporting? Spouses who operate a business together have a new option for reporting their business income. In the past, husband and wife joint owners were considered a partnership for reporting purposes. New rules, which took effect this year, give spouses the option of reporting their business income as two separate sole proprietorships. |
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| Overlooked Employee Business Expenses |
| Don't miss out on deductions you are allowed to take Unreimbursed employee business expenses are allowed as a miscellaneous itemized deduction provided they exceed two percent of your adjusted gross income when combined with all your other miscellaneous expenses. |
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