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Can I amend my sole proprietorship schedule C returns to qualified joint venture and for how many years?
My wife and I started our business 10 years ago and we've been 50/50 since the beginning. We had an accountant who had us do a schedule C return with me as the sole proprietor and her listed as a homemaker. I never understood the returns, nor did I pay much attention to it until I started learning more about taxes as a hobby. Then, I learned that my wife basically has no social security earnings and when she retires she'll have no SS. How do I fix this?
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‎June 9, 2023
3:27 AM