Wife is a solo prop with several employees and has no retirement plan. She also does surveys at home (after office and weekends) and make some money. From retirement plan perspectives, are these considered separate business entities? She receives insurance payments under business TIN and survey money separately.
Since she has employees in medical office, she is not eligible for solo 401k. But, is she eligible for solo 401 k from the income generated from surveys? Keep in mind, all of her income from medical office flows through her personal tax return through a schedule C.
Since she has employees in medical office, she is not eligible for solo 401k. But, is she eligible for solo 401 k from the income generated from surveys? Keep in mind, all of her income from medical office flows through her personal tax return through a schedule C.
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