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Deductions & credits
Your choice:
If you want social security credit, file schedule C (or C-EZ).
If you would avoid the self employment (FICA) tax, file as a household employee.
There is some risk of an IRS audit if you choose Household employee. It is not unusual to have two tax experts* give you different opinions on how a tax issue should be handled.
*TaxGuyBill is more experienced than I am.
If you want social security credit, file schedule C (or C-EZ).
If you would avoid the self employment (FICA) tax, file as a household employee.
There is some risk of an IRS audit if you choose Household employee. It is not unusual to have two tax experts* give you different opinions on how a tax issue should be handled.
*TaxGuyBill is more experienced than I am.
May 31, 2019
6:15 PM