paytheman
Returning Member

What is the best way to file if self employed to receive Social Security credits for a senior?

Hello,

 

2 part question: What would be the best route for a person at retiring age, who can no longer work, receive Social Security credits? I am thinking of helping her start her own business (self employment) so she can report the earnings to receive SS credits. If we go this route how should it be reported when filing taxes?

 

Also, would you recommend her opening a “business” in where she does laundry or cooks food for relatives or family and they pay her for it? We would actually pay her through cash or card (Square Pay) and run it like a small business self employment gig. Im asking because I don't want the IRS to suspect something malicious and get audited.

 

If there are other suggestions that would be great! She has many issues from overworking in the past but not enough to qualify for SSI. She only needs like 8 credits more.

 

Thanks for your help in advance!