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re: How can I reduce my taxable income?
Posted on 4/19/12 at 3:09 pm to tirebiter
Posted on 4/19/12 at 3:09 pm to tirebiter
I am good with all of the owner tax issues. The original topic was how to reduce taxable income and the idea of employing my wife was discussed. I was trying to figure out if I am going to lose out if I have to pay extra FICA and other BS for payroll on her wages. I want to stick all her wages In the company simple IRA plus 3% match.
1
Posted on 4/19/12 at 3:53 pm to ColdDuck
If you pay her taxes must be paid on the wages. No getting around that one.
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