Posts tagged as:

employee

IRS Asks for Input on Health Care Law

10 May 2011

For as long as I’ve been banging away on the keyboard about tax and tax policy, I don’t believe I’ve seen anything more polarizing than the “new” health care act which was signed into law last year. From the so-called Cadillac plans to the increased 1099 reporting requirements, no single piece of legislation has generated [...]

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Taxes from A to Z: W is for W-4

27 March 2011

Here’s the first bit of information you need to know about the federal form W-4, Employee’s Withholding Allowance Certificate: it only applies to employees. If you’re self-employed, you can move along, there’s nothing to see here for you (though you may want to check out other IRS info as outlined on Publication 4591, Small Business [...]

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Taxes from A to Z: S is for Statutory Employees

21 March 2011

If you’ve ever taken a good look at your form W-2, you’ve probably found yourself wondering about who qualifies as a “statutory employee.” It’s listed right there on your form, with a checkbox at box 13 next to the fairly well known box for retirement plans. But it’s rare that you see it checked, so… [...]

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Taxes from A to Z: G is for Golden Parachutes

9 March 2011

I know. This sounds like something that Michael Kors might be putting out. Unfortunately, golden parachute payments have nothing to do with the world of fashion – but don’t stop reading yet! This is some interesting stuff… A golden parachute payment is an amount of money agreed upon in advance – and written into a [...]

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Ask the taxgirl: Getting Paid Under the Table

30 January 2011

Taxpayer asks: Dear Taxgirl, I make $400 per week under the table. Virtually all of my income goes to paying bills. Is there any kind of tax exemption on the 1040 for people who don’t make that much money per year? I will only make about $16,000 this year and don’t want to get into [...]

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Ask the taxgirl: Independent Contractor and Employee in the Same Tax Year

4 March 2009

Taxpayer asks: Hello Taxgirl, I have a simple, yet complicated tax question. I worked for a company last year for the first 5 months, then for the last 7 months I was self- employed. Do I file two separate forms? Anything you can tell me I will greatly appreciate. Thank you, Taxgirl says: Here’s a [...]

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Ask the taxgirl: independent contractor and employee in the same year?

14 April 2008

Taxpayer asks: I left my job as an editor at a media company, but continue to do some freelance work for them. When I submitted an invoice, I was told that for tax purposes I couldn’t be paid by them as an independent contractor in the same year that I was an employee. This means [...]

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Are IRS employees actually responsible for anything?

1 November 2007

Apparently not. It’s rare that I blog about client matters. I like to keep them private for a variety of reasons not the least of which are ethical considerations. But a recent client matter has me steamed. Really steamed. And it’s blog worthy. I’ll keep it generic. Client had a tax matter that needed immediate [...]

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