Showing posts with label withholding. Show all posts
Showing posts with label withholding. Show all posts
Saturday, December 28, 2024

The Old Three And Two

›
  You will recognize the issue. During 2017 Mary deNourie worked at a retail store. She had wages of $11,516 and social security of $7,559...
Saturday, November 18, 2023

Another Backup Withholding Story

›
  We talked not too long ago about backup withholding. What is it? Think Forms 1099 and you are mostly there. The IRS wants reporting ...
Sunday, September 3, 2023

Waiting Too Long For Refund Of Excess Withholdings

›
It happens when someone fails to file with the IRS. It might be a “sleeping dog” rationalization, but people will allow a string of tax year...
Sunday, May 14, 2023

Backup Withholding On A Gig Worker

›
I am minding my own business when an IRS notice lands in my office. Here is a snip: Question: is this bad? Answer: it might be. Let’s ...
Sunday, February 14, 2021

What Does It Mean To File A Return?

›
  The IRS generally has three years to examine a return and assess additional taxes after it has been filed. This can put pressure on whet...
Saturday, June 8, 2019

Trust Fund Penalty When Your Boss Is The U.S. Government

›
You may be aware that bad things can happen if an employer fails to remit payroll taxes withheld from employees’ paychecks. There are gene...
Friday, June 9, 2017

No Soup For You!

›
“No soup for you!” The reference of course is to the soup Nazi in the Seinfield television series. His name is Al Yegeneh. You can sti...
Thursday, May 19, 2016

LLC Members and W-2s

›
There is a tax issue that has dogged advisors for years.   It has to do with limited liability companies. What sets it up is ta...