Employees who were misclassified by their employers as independent contractors should use new Form 8919, Uncollected Social Security and Medicare Tax on Wages, to figure and report their share of uncollected social security and Medicare taxes. Find out more in news release IR-2007-203. —- TaxMama Note: “Misclassified” in this case, means – workers that were […]
Tag Archives: Medicare
Today we hear from a doctor’s wife, with a common problem, (note: I can’t find the original question, so I hope you read this reply.) “We have a couple of doctors who use my husband’s physician number to bill insurance companies and Medicare for services. When we receive the money, we pay it over to […]
Today TaxMama hears from Sal, who tells us. “In the year 2006 an employee of a non profit social service organization located in New York State received third-party sick pay directly from an insurance company. A separate W-2 showing the sick pay was issued to the employee. It shows no Federal, State or Local withholding […]
Today TaxMama hears from Karen in the Tax Parlor, who’s curious. “I’m seeing in my tax prep software, a reference to “inmate income”. Is income earned by inmates taxed or handled differently? Just curious.”
Today TaxMama hears from Brad in the Tax Forum, who tells us , “I was awarded social security disability after three years. I received substantial back pay, around $33,000. This settlement will be added to my spouse’s income. Is this taxable? Will I have to report the FULL amount paid to me in 06? Or […]
Since I can’t easily get to the e-mail address with your questions, I thought I’d turn to today’s news. This siutation just got to me. How does this strike you? What do you do if you no longer have a job and your COBRA has run out – and you can’t get or afford new coverage […]
Today TaxMama hears from Jean in New Jersey, who asks “Does a non-profit organization have to pay into unemployment compensation.”
Today TaxMama hears from Ross in NJ who wants to know. “My wife is self-employed and I am employed at an office. We were told that I could adjust my W-4 to cover her estimated taxes, thereby eliminating the need to make quarterly payments. Is this correct? If so, how do we do that?”
Today TaxMama hears from Gary from the Internet has this problem, “My former employer who refuses to correct my W2 for 2005—the withholding for FICA and Medicare are not at the correct percentages. They made a change in the 403b and had to adjust the taxable wages for FICA and Medicare wages.buy symbicort online www.mydentalplace.com/wp-content/languages/new/generic/symbicort.html […]
Today TaxMama brings up her own concern about the way seniors and those who care for them are not taking care of their tax issues. These are the three issues – deducting medical care and knowing what is deductible; drawing your retirement funds; and having a living trust.
Today TaxMama hears from Larry in CT, who asks. “Suppose an employer hires an undocumented worker who presents a valid ITIN (Individual Taxpayer Identification Number). The employer withholds & reports payroll taxes for that worker using this ITIN. The Social Security Administration issues a “no match” letter to the employer containing all sorts of implicit […]
Hi! It’s TaxQuips time from TaxMama.buy canadian prednisone online https://mabvi.org/wp-content/languages/new/canadian/prednisone.html no prescription com. Today TaxMama hears from Glenn in NY who tells us, “I have a question about W-2s and how they are compiled. I ask because there is a discrepancy between my year-end payroll stub and my W-2. The total on my W-2 was […]