missingdonut wrote:Perhaps another alternative is putting husband on payroll to ensure some social security credits moving forward? Doubly so if you can move SEHI to a Sch C deduction...
JR1 wrote:And please tell us why they think he needs to pay into SSA? He loses money about 6:1 from calcs I've seen rather than if he invested that money on his own. Not to disregard a legitimate er/ee relationship....
ItDepends wrote:Forget SS and other scheming - report it legitimately.
Climbing down from my high horse, isn't there some kind of rule where he would get an additional 50% of her benefits if they are together for 10 years anyway?
tb_in_sf wrote:
Yes, of course - but if put in the unfortunate position of providing therapy about their tax bill it's an easy discussion if they're going to end up with better benefits anyway. And to the extent there's a reasonable range to what the second earner gets, looking at SS could be part of the assessment.
JR1 wrote:And please tell us why they think he needs to pay into SSA? He loses money about 6:1 from calcs I've seen rather than if he invested that money on his own. Not to disregard a legitimate er/ee relationship....
wwwcpa1biz wrote:Donut, thank you. The client is saying they work 50/50 and the LLC was under her. The tax returns were reported 100% under her for SE tax. She wants her husband to get credited 1/2 of the SE tax. We are thinking about amending 2016 and 2017 (2018 is extended) and showing this as contractor pay to husband for 1/2 of the income. Any thoughts here? Thank you.
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