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posted Jun 6, 2019 12:00:52 AM

Can my wife and I combine our consulting business on one Schedule c if we receive separate checks from the same company.?

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Intuit Alumni
Jun 6, 2019 12:00:53 AM

No, you and your wife should file separate Schedules C.  Among other reasons, this will separate your self-employment incomes and expenses and generate separate Schedules SE, where self-employment taxes for your separate net income would generate for each of you.

1 Replies
Intuit Alumni
Jun 6, 2019 12:00:53 AM

No, you and your wife should file separate Schedules C.  Among other reasons, this will separate your self-employment incomes and expenses and generate separate Schedules SE, where self-employment taxes for your separate net income would generate for each of you.