Thank you for your help. Still looking for answers to the first portion of my questions.
My wife and I have always filed a joint tax return. She is still a W-2 employee. What are the advantages and disadvantages of continuing to file jointly with her as a contract worker and business owner? Would we use the same form as before (1040?) if filing jointly? If I chose to file on my own, what form would I file with?
When hired for contract work, what are the differences, or advantages and disadvantages, tax-wise, of using my name and Social Security Number vs. using my business and EIN?
