Payroll

Computing Your Own Withholding

March 7, 2012
Thumbnail image for Computing Your Own Withholding

Podcast: Play in new window | Download

Today TaxMama® hears from Brian in the TaxQuips Forum who finally asked the right question. “What I really was asking was, if I take my withholdings up to, say, single and 8 on federal and state for this check only would I get more of the check?” Share this:

Read the full article →

Mom Provides Child Care

December 13, 2011

Podcast: Play in new window | Download

  Today TaxMama hears from Scott in the TaxQuips Forum who needs guidance. “My mother in law babysits for me, and I pay her a flat amount every month to do so. Her only job is working for us right now. She needs 3 more years of income to earn enough credits to be fully [...]

Read the full article →

Disability Wages

November 22, 2011

Podcast: Play in new window | Download

Today TaxMama hears from Leslie in the TaxQuips Forum who makes an excellent point. “When a Member of the Screen Actors Guild becomes disabled, in order to receive their Pension, they must sign paperwork. One of the acknowledgments is that “You have been made aware that FICA should not be taken out of your residuals [...]

Read the full article →

Buying a Business

November 17, 2011

Podcast: Play in new window | Download

  Today TaxMama hears from Josh in the TaxQuips Forum who is concerned. “I’m interested in purchasing a business which was owned by a sole proprietor. He owes back taxes. Would I be liable for those back taxes if I purchase this business?” Share this:

Read the full article →

Spouse as Employee

November 1, 2011

Podcast: Play in new window | Download

Today TaxMama hears from Russel in the TaxQuips Forum who wants clarification. “At the end of the show on KFWB 980 today (10/31) Bob McCormick asked you a question regarding small businesses employing spouses.  I missed the answer.  If a spouse is employed by a sole proprietorship do you have to carry workman’s comp insurance? [...]

Read the full article →

Trading Disability For Wages

September 27, 2011

Podcast: Play in new window | Download

  Today TaxMama hears from Dave in the Tax Quips Forum with an odd question. “I received SDI for two months in 2010 and gave it to my employer so that I could retain full pay.  It does not show on my W-2 and I was taxed for full pay.  How do I handle the [...]

Read the full article →

IRS Announces New Voluntary Worker Classification Settlement Program

September 23, 2011

[Note: Stay tuned to TaxMama's TaxWatch column in MarketWatch.com next week, for an anlysis of this program before you participate in it.] Past Payroll Tax Relief Provided to Employers  Who Reclassify Their Workers as Employees WASHINGTON – The Internal Revenue Service today launched a new program that will enable many employers to resolve past worker classification [...]

Read the full article →

Putting Life on Hold

September 13, 2011

Podcast: Play in new window | Download

  Today TaxMama hears from Kris in the TaxQuips Forum, with a long story. Let me summarize. Her boyfriend is behind on filing personal and payroll tax returns. He tried to get help from an accountant who may have overcharged him, and did not complete the work because he couldn’t pay the bill. They want [...]

Read the full article →

Three Tips for Employers Outsourcing Their Payroll

September 9, 2011

Courtesy of IRS Outsourcing payroll duties to third-party service providers can streamline business operations, but the IRS reminds employers that they are ultimately responsible for paying federal tax liabilities. Recent prosecutions of individuals and companies who – acting under the guise of a payroll service provider – have stolen funds intended for payment of employment [...]

Read the full article →

← Previous Entries