A friend of mine is earning income through Instagram, but my social security number is attached to it. So, I will get taxed for money that I am not earning. We are registered as an ‘individual’ business type, as opposed to an LLC. Is there a way I can get my tax info and ss number off that account, with some sort of tax form? I have found no way to contact Instagram and get it sorted out with them.
Your friend would either have to stop earning income under that business type OR you issue them a Form 1099-NEC as a busieness expense to offset the income being earned, so you won't pay tax on it.
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