Go to My Way Is Better - A Look At Income Taxes
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Thank you
I knew there had to be a form to handle this
posted by
Whysper
on February 5, 2007 at 1:47 PM
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IRS Form Number
Whysper, The form number is 4852.
posted by
taxguy
on February 5, 2007 at 1:26 PM
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This is a great question
Whysper,
Your wife is truly an employee and this would be sustained in an audit. You can fill out a subustitute W-2 form, I will look up the number but believe it is in the 4500 range. Fill out all of the information and the IRS will make your wife's employer pay matching social security and will correct her from doing this in the future.
I will get back to you with the form number.
Ron Piner, (aka taxguy)
posted by
taxguy
on February 5, 2007 at 11:39 AM
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I agree with you, partially.
I, however prefer TaxAct over turbotax, but it's just a matter of preference. As with turbo tax, they offer free help when you get stuck, but I've found it's a pretty reliable follow the bouncing ball type of program.
I do have a dilema in my own tax return this year. My wife spent some time working as the "office manager" small business, and the woman who owned/ran it insisted she operate as a sub-contractor, rather than an employee(so she wouldn't have to pay her share of the taxes, but could still use it as a business deduction). She controlled the hours my wife worked, the duties she performed and even had her "hold down the fort" several times when she went out of town.
My wife ended up leaving the 'job' due to a sudden medical condition, and the parting was less than amicable. She's wondering how we should approach this from an income tax stand point and frankly I'm a bit confused by it also. It's not something I've run across on any of the returns I've done in the past, so what do I do?
posted by
Whysper
on February 5, 2007 at 10:38 AM
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