Solved: We have a husband a wife sole proptietorship. We paid all Federal Taxes quarterly on my husbands SSN. Did we do that wrong???
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ssrrolls
New Member

We have a husband a wife sole proptietorship. We paid all Federal Taxes quarterly on my husbands SSN. Did we do that wrong???

Should we have split the estimated income and both of us file an estimated tax quarterly? I was told that we didn't both have to file estimated taxes, but now I am not so sure. What do I do now for filing end of year taxes?? :(

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DianeW
Expert Alumni

We have a husband a wife sole proptietorship. We paid all Federal Taxes quarterly on my husbands SSN. Did we do that wrong???

No.  You have done the right thing by paying the estimated payment under his social security number either as a sole proprietor or qualified joint venture.  Since you are filing a joint return, the estimated tax would be combined which means those payments could be filed under either social security number without any issue.  

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1 Reply
DianeW
Expert Alumni

We have a husband a wife sole proptietorship. We paid all Federal Taxes quarterly on my husbands SSN. Did we do that wrong???

No.  You have done the right thing by paying the estimated payment under his social security number either as a sole proprietor or qualified joint venture.  Since you are filing a joint return, the estimated tax would be combined which means those payments could be filed under either social security number without any issue.  

View solution in original post

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