I am trying to get SS credits for my husband through our farm Business. We have various business, real estate, rental income and farm income. I am trying to amend 2017, 2018 & 2019 because we do not show a profit, a SE form is not generated. I know I will have to pay SE taxes on those wages off Schedule F. I am not sure if I am doing the forms correctly 1040X and Long Form SE Farm optional method. He only has $6,000 in income that would qualify. WHere can I get help?
Thank you
Hi,
My only area of expertise is Social Security benefits. If you have questions about tax regulations and filing tax returns, I assume you'll either need to contact the IRS or a tax expert.
What I can tell you is that you aren't allowed to voluntarily pay self-employment taxes in order to attain Social Security credits. The only way to legally earn Social Security credits is to work for wages or have a legitimate profit from a trade or business. I don't know enough about what your husband did in the business you refer to, but he should only report self-employment income and pay self-employment taxes if he was legitimately classified as self-employed and he had a legitimate business profit.
Best, Jerry