Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 03-31-2013, 01:00 AM
Junior Member
 
Join Date: Mar 2013
Posts: 1
Wife Owns SMLLC and hired Husband to do the work; can she give him a 1099?

Facts:
Remodeling Company
The spouse is the owner of the SMLLC and does all the administrative stuff
The husband does all the work among other workers
The reason why she owns the business is because she has the license and he doesn't have one.
They live in MD which is not a community property State
Can the wife/LLC give the husband along with the others workers a 1099 to avoid forming a partnership and file form 1065?
I have advice them to form a partnership and file 1065, but they wanted to know if the wife can just provide a 1099 to the husband without creating any issues with the IRS.
I know this is possible, but don't know if this will raise any flags with the IRS.
They are going to form a partnership this year 2013, but for 2012 I wonder if giving the husband a 1099 would be reasonable to do.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Can a husband and wife operate a business as a sole proprietorship or do they need to be a partnership? TaxGuru Miscellaneous 0 02-05-2013 04:23 PM
2011 Wife LLC and W2, Husband W2 czechstyle Limited Liability Company 0 02-26-2012 03:20 AM
2011 Wife LLC and W2, Husband W2 czechstyle Income 0 02-26-2012 02:56 AM
Whats The Deadline For Employee To Give W2 And Is It Legal To Give Both 1099 And W2? SD562 Filing Requirements 0 03-19-2009 01:33 AM
Need to give a 1099 to a contractor harv5 Sole-Proprietorship 1 04-18-2007 02:10 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.