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Need some help/advice. I'm retird. My wife and I each have a small Self-Employed business, and currently each file a Form C with our joint Form 1040. My Business is going down this year (only about $500. in revenue), and next year most likely to no income. I used the 179 account (4 years ago, in 1996) to deduct my new super computer system of about $6,000. (now totally outdated, but it works)! I would like to merge these two into a single Form C (in 2000) i.e., her business; where I will do all of her computer work as an unpaid "employee." How do do that, such that it meets both the spirit and the letter of the IRS ruling on the old 179 account and me as an "unpaid employee?"
Thanks for your help. Dick
PS I also posted this on the Self_Employed Board.
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