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Second opinion] We have a client who has been paying their

Second opinion] We have a client who has been paying their employee as a 1099. At year end we told them he needs to be on a W-2. We went ahead and grossed up his earnings to add in the Social Security and Medicare. She wants to have his gross income equal the pay he received as a 1099. I told her since she actually paid him xx, that would be his net.Legally would the IRS frown down if we kept his net pay as his gross pay and booked the employee and employer part of the soc/med as payroll tax expense, since the employer is paying it anyway....

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Mark D

Master's Degree

988 satisfied customers
2016 is the first year our company has W2 employees. There

2016 is the first year our company has W2 employees. There are 3 of us. We're all partners in the LLC. Previously we were 1099 employess. We cut checks throughout 2016 withholding the proper taxes but thought the actual payroll taxes were going to be paid at the end of the year when all other taxes got paid. So monthly payroll taxes have not been filed. We're not evading paying the taxes and we have to money to pay for the entire year of 2016 we just didn't do the proper research to know when to pay them. Is there a good way to reconcile this with the IRS?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

19,754 satisfied customers
We have a client who has been paying their employee as a

We have a client who has been paying their employee as a 1099. At year end we told them he needs to be on a W-2. We went ahead and grossed up his earnings to add in the Social Security and Medicare. She wants to have his gross income equal the pay he received as a 1099. I told her since she actually paid him xx, that would be his net.Legally would the IRS frown down if we kept his net pay as his gross pay and booked the employee and employer part of the soc/med as payroll tax expense, since the employer is paying it anyway....

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Mark Taylor

Certified Public Accountant

Masters

2,666 satisfied customers
I am paying a U.K. Person who is now resident in the USA to

I am paying a U.K. Person who is now resident in the USA to help me with a film project in LA do I have to deduct with holding tax from his payments

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taxmanrog

Master's Degree

1,016 satisfied customers
I started my own company this year and I decided to pay

Hi-I started my own company this year and I decided to pay myself via a payroll service (and will use a W-2). I am the only owner...now that it is time to file...how do I handle my personal W-2 and also the accounting/filing for the company. Am I still able to files as a self-employed person and use schedule C or did I mess up?JA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: no thak you

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Robin D.

Vocational, Technical or Trade School

22,410 satisfied customers
I have received an inheritance of 22K how will that affect

I have received an inheritance of 22K how will that affectMass health, food stamps, and section 8 voucher. I receive SSDI which I was told will not be affected. And do I notifySS immediately?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

19,754 satisfied customers
My husband paased away on 1/7/16. What is my filing status

My husband paased away on 1/7/16. What is my filing status for my 2016 taxes? I have no dependents.Also, my employer has me as "Married" for federal and state payroll taxes withheld. Do I now have to change to "Single"?

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Robin D.

Vocational, Technical or Trade School

22,410 satisfied customers
For my small California business business, is my Employer's

For my small California business business, is my Employer's state ID. number in block 16 th same as my EDD account number?

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Robin D.

Vocational, Technical or Trade School

22,410 satisfied customers
I run a small general contractor business as a sole

Hi I run a small general contractor business as a sole proprieter. I've been asked to incorporate by the other contractor I work for. I am the only employee currently but later that might change later. I receive a salary and bonuses from the other contractor I work for. I am struggling between filling for an S-corp or an LLC. Here In California there are more financial requirements (higher insurances) if an LLC if formed as a contractor.JA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: That is all I can think of

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Mark Taylor

Certified Public Accountant

Masters

2,666 satisfied customers
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