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Does my adult grandson who is my dependent made and $756 via self employment last year have to pay self employment tax even if I claim his earnings?
My adult grandson made $756 doing online tasks (as an independent contractor) in 2016. He is declared as my dependent. Does he still have to pay Self Employment tax if I declare his income? Does he still have to file if I do?
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Does my adult grandson who is my dependent made and $756 via self employment last year have to pay self employment tax even if I claim his earnings?
You cannot claim his earnings. He is required to file his own return since he made more than $400 in self employment earnings.
This is from IRS Pub 501
Table 3.Other Situations When You Must File a 2016 Return
3. You had net earnings from self-employment of at least $400. (See Schedule SE (Form 1040) and its instructions.)
https://www.irs.gov/publications/p501/ar02.html#en_US_2016_publink1000220714
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Does my adult grandson who is my dependent made and $756 via self employment last year have to pay self employment tax even if I claim his earnings?
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Does my adult grandson who is my dependent made and $756 via self employment last year have to pay self employment tax even if I claim his earnings?
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Does my adult grandson who is my dependent made and $756 via self employment last year have to pay self employment tax even if I claim his earnings?
You cannot claim his earnings. He is required to file his own return since he made more than $400 in self employment earnings.
This is from IRS Pub 501
Table 3.Other Situations When You Must File a 2016 Return
3. You had net earnings from self-employment of at least $400. (See Schedule SE (Form 1040) and its instructions.)
https://www.irs.gov/publications/p501/ar02.html#en_US_2016_publink1000220714
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Does my adult grandson who is my dependent made and $756 via self employment last year have to pay self employment tax even if I claim his earnings?
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Does my adult grandson who is my dependent made and $756 via self employment last year have to pay self employment tax even if I claim his earnings?
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Does my adult grandson who is my dependent made and $756 via self employment last year have to pay self employment tax even if I claim his earnings?
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