How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Robin D. Your Own Question
Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 15601
Experience:  15years with H & R Block. Divisional leader, Instructor
Type Your Tax Question Here...
Robin D. is online now
A new question is answered every 9 seconds

My husband had a lawn care business. He was 72, so he didnt

Customer Question

My husband had a lawn care business. He was 72, so he didnt have to pay taxes. Our sons took over this year and 3 of the clients have 1099. How will that work as far as taxes are concerned
JA: The accountant will know how to help. Is there anything else the accountant should be aware of?
Customer: no
Submitted: 10 months ago.
Category: Tax
Expert:  Robin D. replied 10 months ago.

Hello, I'm Robin. Welcome to JustAnswer. I'm reviewing your question now and typing up my reply. I'll post that in just a few moments.

Expert:  Robin D. replied 10 months ago.

I am not sure why your husband's age makes him immune to tax. Age alone does not protect or exempt anyone from tax.

If your sons did all the work then your husband should issue them each a 1099MISC dividing the income among them from the business. He will have to report the full amount on his tax filing and then show the full amount as paid to them under contract work.

This will result in $0 income for him in the business on the Schedule C.

They will each file their own Schedule Cs reporting their income from the 1099MISC issued to each of them.

The business then needs to be transferred to them so clients know he is no longer working.

Expert:  Robin D. replied 10 months ago.

Please let me know if you need clarification. If you do not then a positive 5 star rating is appreciated so I get credit for the response. (look for the STARS or SMILEY FACES)