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Can child support affect business taxes if filed with an ein

I want to file under my business name with an ein can i claim earned income without child support taking my taxes

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Accepted Solutions
Hal_Al
Level 15

Can child support affect business taxes if filed with an ein

No. The EIC is not claimed on the business schedule C. Your Business income and expenses go on schedule C to determine your net profit. The net profit, from schedule C, transfers to line 12 of  form 1040 (your personal tax return). The EIC is claimed on line 66a of form 1040. Although your EIN will go on Schedule C; form 1040 can only be filed with an SS#.

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2 Replies
Hal_Al
Level 15

Can child support affect business taxes if filed with an ein

No. The EIC is not claimed on the business schedule C. Your Business income and expenses go on schedule C to determine your net profit. The net profit, from schedule C, transfers to line 12 of  form 1040 (your personal tax return). The EIC is claimed on line 66a of form 1040. Although your EIN will go on Schedule C; form 1040 can only be filed with an SS#.

Carl
Level 15

Can child support affect business taxes if filed with an ein

Most likely, no. Since the IRS issues EIN's, and they know what SSN that EIN is tied to, that won't work.

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