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Get your taxes done using TurboTax
Thank you for answering.
1. Can my parents use TurboTax Self-Employment software and to pay self-employment without W-2? I didn't withhold any tax for them.
2. In the first line of 1040, do they fill in all $18000 that they make as self-employment? Then turbotax will calculate how much tax they owe?
3. They choose "self-employment without W2", but the amount exceed $2200. Will it raise a red flag to IRS? Is there a way to explain they are grandparents while filing tax?
4. In this case, do I owe any tax because i didn't properly file W-2 for them? What do I do? Will IRS contact me?
‎February 20, 2021
4:36 PM