Why not have your father pay you as an independent contractor then? He would issue you a 1099 and the payment to you would be deductible on his business’ tax return (or personal tax return depending upon his business’ classification).
On the other side, you’d pick up the income on your personal tax return and be liable to pay the tax (both self-employment tax & ordinary income tax).
Why not have your father pay you as an independent contractor then? He would issue you a 1099 and the payment to you would be deductible on his business’ tax return (or personal tax return depending upon his business’ classification).
On the other side, you’d pick up the income on your personal tax return and be liable to pay the tax (both self-employment tax & ordinary income tax).