Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 12-13-2013, 09:32 AM
Junior Member
 
Join Date: Dec 2013
Posts: 1
change 1099 to wife

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.

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



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
  #2 (permalink)  
Old 12-13-2013, 04:53 PM
Moderator
 
Join Date: Oct 2010
Posts: 5,258
Quote:
Originally Posted by [email protected] View Post



#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.



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
Ads
Reply



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
Wife Owns SMLLC and hired Husband to do the work; can she give him a 1099? mytaxeshelp Limited Liability Company 0 03-31-2013 01:00 AM
Recd Corrected 1099-INT after filing -- tiny change tj20191 Miscellaneous 3 04-02-2011 02:29 PM
Need Corrected 1099 to change from Individual to S-Corp mcmurrak S-Corporation 0 03-12-2010 12:07 PM
Change Distribution Code on 1099-R mvenneta Income 0 02-25-2009 10:07 AM
Change from 1099 to W2 - Estimated taxes terryntaylor Estimated Taxes 1 02-09-2009 01:57 PM

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.