I am classified as an independent contractor with a company that I work with as a side job and pay self-employment taxes. I live in Texas, so no state income taxes. In the future, my husband will work for me to do some work for the company as well. He will not be classified as employed by the company, but will be my employee. So, work that he does is paid to me as the contract holder and then paid to him for his time worked. How does this work for tax purposes as a couple? Even if he isn't employed by the company and contracts through me (which is allowed by the company), are we able to pay taxes to the IRS as a single entity since we are married?
For example, if he worked 20 hours at 20 dollars an hour pay for 400 dollars, and that money is paid to me as the contract holder, I wasn't sure how to approach that for taxes to reflect that he was the one who worked to earn that specific amount of money. And, if possible, and legal, I didn't want to be taxed once on the money and then him taxed on it again as an employee of mine.
If anyone could shed any light on how to approach this situation or direct me to any resources, it would be greatly appreciated. Thank you!
