Tax Advantages?

10-27-2009, 10:05 AM

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Tax Advantages?

What is the name of your state (only U.S. law)? Indiana

My significant other is self-employed. His business is not incorporated. We've been told there would be tax advantages if he were to incorporate. If he does this, can those advantages be retroactive to the first of the year? Also, I don't have a "job" but I do help with his business. I've never drawn a salary since it all goes into the same pot anyway. But I was wondering if his tax load would also be lessened were he to "pay" me a salary. Can this too be retroactive to the first of the year?What is the name of your state (only U.S. law)?

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