I am a U.S. citizen, but my wife is not. If I own a foreign company, I am subject to Section 965 Transition Tax, Form 5471 and Self Employment Tax regardless of where I live.
If we are living outside of the U.S., will my non-U.S. wife's business income be subject to Section 965 Transition Tax, Form 5471 and Self Employment Tax simply because I am married to her? What if I am employed by her company?