Wrong name on the Schedule C-EZ?

Question

Do I have to fill out a 1040x if I entered the wrong name on the Schedule C-EZ? I notice it had my name as the business owner but it is actually my wifes self employement. We also filed jointly. Is it worth it to even send a 1040x?

Answer 1

Whose SSN was on the Form 1040 Schedule SE?  That is the one that is important.

Answer 2

Did you put your Social Security number as well?  If you did, and either you or your spouse earned over the limit for Social Security tax, then your return may show the wrong self-employment tax due and should be amended.

Answer 3

The only real difference is that you will be credited with the Self Employment Tax rather than your wife.  If that is not of a concern I would not bother with the 1040X.