Tried earlier to post on a different computer. Either computer lost contact, or thread was deleted because someone made an inappropriate comment. At any rate, the question is very relevant (even if elementary), so I will pose it again.
John began working as a self-employed contractor when he was a young man. He made a good living, and his wife Sue chose to be a stay-at-home mom and become the focal parent for raising the family.
John has been filing a Sch C and SE for 30+ years, and is now 57 years old and plans to work 10-12 more years if health permits. However, Sue is also in late 50s and has never paid in a dime to Social Security. She now wants to pay in some FICA to enhance the amounts she can draw when she applies.
Sue has never been an integral part of John's business activities, other than occasionally answer the phone and help with paperwork.
Most tax software packages will allow the Sch C (and SE) to "flip" to the other spouse, thus Sue's request can be easily accommodated. However, is this proper and ethical for a preparer to do?
John began working as a self-employed contractor when he was a young man. He made a good living, and his wife Sue chose to be a stay-at-home mom and become the focal parent for raising the family.
John has been filing a Sch C and SE for 30+ years, and is now 57 years old and plans to work 10-12 more years if health permits. However, Sue is also in late 50s and has never paid in a dime to Social Security. She now wants to pay in some FICA to enhance the amounts she can draw when she applies.
Sue has never been an integral part of John's business activities, other than occasionally answer the phone and help with paperwork.
Most tax software packages will allow the Sch C (and SE) to "flip" to the other spouse, thus Sue's request can be easily accommodated. However, is this proper and ethical for a preparer to do?
Comment