
Anonymous
Not applicable
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Deductions & credits
you missed something. agreed it's llC. and the IRS states using your link that they can't file as a qualified joint venture using to schedule C's
A qualified joint venture, for purposes of this provision, includes only businesses that are owned and operated by spouses as co-owners, and not in the name of a state law entity (including a limited partnership or limited liability company). thus being an LLC they can't use 2 schedule C's.
the issue is how much work the spouse performs. In any event if she is paid more than $600 as an independent contractor he will have to file an 1099 for her.
however, I would suggest that the taxpayer use this link to go through the factors the IRS would use to determine IC vs employee status.
‎October 1, 2020
9:22 PM