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  #6  
Old 09-28-2003, 12:02 PM
rick++
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Default Re: Two full time jobs, illegal?

If your combined taxable earnings exceed $87,000 this year,
you may be over-paying social security tax. There is a line
on the long 1040 for this refund. This can occur for people
who change jobs during the year or people that work more
than one job at a time. Each employer's tax software
assumes is the only one contributing to SS.

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  #5  
Old 09-26-2003, 08:50 AM
Harlan Lunsford
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Default Re: Two full time jobs, illegal?

nisha wrote:

- quote -

> A person P plans to work on 2 full time jobs with employers
> E1 and E2.
> Is there any tax issue, with having two W2s from two
> different employers showing the same period of employment?
> IRS audit trigger? Are any of the following assumptions
> illegal?
> Is there anything at all, from any point of view that sounds illegal?
> Assume the following,
> Both employers E1 and E2 are not competitors and hence
> employee P is not violating any policies.
> P is a robot and hence doesnt need rest/relaxation:-)))
> P works in both jobs for 40 hours each , a total of 80 hours.
> E1 and E2 do not know that person P is working for the other.
> Employee takes care of the 401k issue, by not over-contributing.
> Employee ensures that IRS is paid well from both the
> paychecks, well enough to get his a tax refund when he files
> his returns next year.


The magic words: "P is a robot and ......" Well, robots do
NOT get W-2 forms. The get WD-40 and maintenance only.
sounds like a trick question.

Cheer$,
Harlan Lunsford, EA in LA

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  #4  
Old 09-26-2003, 07:53 AM
Shagnasty
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Default Re: Two full time jobs, illegal?

"Joanne" <Joanne[at]jobirdnest.com> wrote:
- quote -

> "nisha" <nisha_tm[at]yahoo.com> wrote:

> > A person P plans to work on 2 full time jobs with employers
> > E1 and E2.
> > > Is there any tax issue, with having two W2s from two

> > different employers showing the same period of employment?
> > IRS audit trigger? Are any of the following assumptions
> > illegal?


> The W2s are not dated, therefore, do not report this
> information.
> It is very odd that a US citizen (my assumption) would ask
> such a question. We are free to work as hard and long as we
> wish as long as we aren't breaking OSHA rules such as those
> imposed on driving time limits or flying, etc.


Also, many people have multiple W-2s although not
necessarily from working two or more jobs simultaneously.
Many people also work full-time at one place and on
week-ends or at night on a second part-time (or even
full-time job).

Working two jobs sometimes results in excess social security
being withheld, and you get it back when you report it
properly on your Form 1040.

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  #3  
Old 09-25-2003, 05:13 AM
Dave Woods, EA
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Posts: n/a
Default Re: Two full time jobs, illegal?

"Joanne" <Joanne[at]jobirdnest.com> wrote:
- quote -

> "nisha" <nisha_tm[at]yahoo.com> wrote:

> > A person P plans to work on 2 full time jobs with employers
> > E1 and E2.
> > > Is there any tax issue, with having two W2s from two

> > different employers showing the same period of employment?
> > IRS audit trigger? Are any of the following assumptions
> > illegal?


> The W2s are not dated, therefore, do not report this
> information.
> It is very odd that a US citizen (my assumption) would ask
> such a question. We are free to work as hard and long as we
> wish as long as we aren't breaking OSHA rules such as those
> imposed on driving time limits or flying, etc.


I know for a fact that those on certain visas CANNOT have
more than one employer.

--
David M. Woods, EA
Boston, MA 02109

Postings here are general information only and not to be
relied upon as advice.

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  #2  
Old 09-25-2003, 04:54 AM
William P. Brown
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Posts: n/a
Default Re: Two full time jobs, illegal?

Joanne wrote:

<<SNIP>
- quote -

> It is very odd that a US citizen (my assumption) would ask
> such a question. We are free to work as hard and long as we
> wish as long as we aren't breaking OSHA rules such as those
> imposed on driving time limits or flying, etc.


And, not violating the employment contract with either or
both employers.

Regards,
Bill
~~~~
Associate Professor of Accounting
Longwood University
Department of Accounting, Economics & Finance
http://www.longwood.edu/staff/wpbrown/
Opinions expressed by me are mine, not my employer's.

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  #1  
Old 09-25-2003, 04:35 AM
CLJ1219
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Posts: n/a
Default Re: Two full time jobs, illegal?

- quote -

> A person P plans to work on 2 full time jobs with
> employers E1 and E2.
> Is there any tax issue, with having two W2s from two
> different employers showing the same period of
> employment? IRS audit trigger? Are any of the
> following assumptions illegal?
> Is there anything at all, from any point of view that
> sounds illegal?


Why would there be anything illegal about it? I have a
friend who worked THREE full-time jobs in order to support
herself and her two kids. Of course, the lady never slept
and rarely ate meals or dated. <G
Carol

If you awoke to find yourself a success, you weren't asleep.
Semper Gumby (Always Flexible)

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Old 09-23-2003, 10:48 AM
Joanne
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Posts: n/a
Default Re: Two full time jobs, illegal?

"nisha" <nisha_tm[at]yahoo.com> wrote:

- quote -

> A person P plans to work on 2 full time jobs with employers
> E1 and E2.
> Is there any tax issue, with having two W2s from two
> different employers showing the same period of employment?
> IRS audit trigger? Are any of the following assumptions
> illegal?


The W2s are not dated, therefore, do not report this
information.

It is very odd that a US citizen (my assumption) would ask
such a question. We are free to work as hard and long as we
wish as long as we aren't breaking OSHA rules such as those
imposed on driving time limits or flying, etc.

--
Sincerely,
Joanne

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  #-1  
Old 09-23-2003, 03:43 AM
nisha
Guest
 
Posts: n/a
Default Two full time jobs, illegal?

A person P plans to work on 2 full time jobs with employers
E1 and E2.

Is there any tax issue, with having two W2s from two
different employers showing the same period of employment?
IRS audit trigger? Are any of the following assumptions
illegal?

Is there anything at all, from any point of view that sounds illegal?

Assume the following,
Both employers E1 and E2 are not competitors and hence
employee P is not violating any policies.
P is a robot and hence doesnt need rest/relaxation:-)))
P works in both jobs for 40 hours each , a total of 80 hours.
E1 and E2 do not know that person P is working for the other.
Employee takes care of the 401k issue, by not over-contributing.
Employee ensures that IRS is paid well from both the
paychecks, well enough to get his a tax refund when he files
his returns next year.

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
 

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