What the employer-spouse needs to do to save tax dollars:
- Sign a plan agreement
- Hire your spouse and pay a reasonable compensation for services rendered (click on Compensation Calculator)
- Document the job duties and hours worked
- Obtain a separate bank account for the employee-spouse
- Reimburse the employee-spouse for medical insurance and expenses
- Complete a report for Dasota Plans listing the reimbursed expenses
- Obtain federal and state identification numbers (Dasota Plans will provide assistance)
- Complete the required IRS and state employment tax forms ( Dasota Plans will complete for an additional fee, click on Fee Schedule)
Dasota Plans; 2239 Roosevelt Rd, Suite 1; St. Cloud, MN 56301
|