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#1;Is there a way to change my 1099 to my wife? For half the year our paypal was in my name. My wife has her ebay business, and all the income should be hers.
#2;it was over 30k and it will affect my social security, as well as the fact I was on unemployment at the begining of the year.
Does anyone know if paypal will change the ss number to hers retroactivly?
Thanks |
#1; I guess it depends on the type of account you have. If you have a personal or premier PayPal account you can change the name on your account only for a typographical error or legal name change. You cannot change the name on your account to another person's name.However, you can change the contact name on your business account for typographical errors and legal name changes or to replace the current contact with a new contact. To submit a request for a business contact name change, follow these steps:
Go to the PayPal website and log in to your account.
.Click "Profile" at the top of the page.
Click "Business Information" in the Account Information column.
Click "Change name."
Select "Business Name Change" (change contact name).
6.Click "Continue" and follow the instructions. PayPal does not offer joint accounts however, as you have business PayPal account, you can allow your spouse to access your PayPal account; sinceyou are a PayPal business account holder and want to change your name, you can do so within your account. Once logged in, you can change your name from the Profile section. You can also change additional information here if you wish. This is useful if you noticed an error in your name. So, as it's a business account with a business identity then it's indeed possible , but expect ID and utility request.
#2;I guess so; as MFJ filer, once your MAGI is $32k or exceeds $32K, then your soc benefits can be taxable income to the IRS.