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Employers are required to withhold SS tax from an employee's wages, as wages are paid. The standard means of dealing with this issue is for the employee/taxpayer to report the amounts on their federal tax return and the IRS will refund the excess. Conceivably, one company could "lease" the employee from the other company, and then only one company would be withholding, because there would be only one paycheck (which would include wages equal to the pay from both companies). But, that's about the only way to avoid the overwithholding issue.
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