Leaderboard

If these were my clients, I would set up each business as a separate business entity with separate payrolls which would give you a lot more long term options especially from a legal point of view.

Agree, and make sure the person acting as the agent for the entities is a qualified attorney at an established firm. DIY is rarely a good option in these situations.

I have a customer claiming they entered their checks accurately but the irs is telling them they did not. Never ends, but ensures employment… I expect it is a data entry or setup issue, but I can’t be sure until I see their data. It is never productive to believe verbal information fully or to let it taint my thoughts prior to seeing the data.

There is not enough information to make any suggestions here. Reference is made that two parties are involved in each business, but a Schedule C is filed for each. How are each of the parties involved in regards to capital investment, asset ownership, time involved and compensation? There are concerns if husband is involved in business which also rents property owned by him. Was the property solely his to begin with? Was there a bonified business purpose if wife transferred any ownership to him? What are the long term plans and succession goals for each of these business? How interrelated are the businesses and how much profit from each. I would refer any legal concerns to their attorney.

yup! me too...

One of the reasons why I no longer accept clients with payroll. The system is SO broken

Many owners are also employees. Easy to use the ssa site to see if their personal earnings data is updated. Could be a way toonitor the data recording, or prove the data was actually recorded.