|
#1
| |||
| |||
| "Phoebe Roberts, EA" <Phoebe[at]cottagesoft.com> wrote: - quote - > DFStoneJr wrote:
Whether or not someone is an employee might vary depending> > 1) Is Joe a statutory employee or a legitimate independent > > contractor? > You know, I have been puzzling and puzzling over this > thread. Are you using the words "statutory employee" to > mean something other than "gets a W-2 with no FITW and the > "statutory employee" box checked, and reports his income on > Line 7 and expenses on Sch C," and if so, could you please > use a different word? Might I suggest "common-law > employee," which is one of the other 3 choices, the > remaining two being statutory non-employee and common-law > non-employee.] on the purpose of the inquiry. Someone may be an employee for income tax purposes while not being an employee for disability insurance purposes. Stu << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| | |||
| |||
| Phoebe, I began this thread with a lot less ignorant than I am now. But I'm still confused over the various ways to classify someone who performs labor for compensation ny another. There's "statutory employee," "common-law employee," and "independent contractor," at least, and maybe more. I had originally been urged to explore the definition of "statutory employee" by someone with more tax knowledge than I. What I'm basically trying to determine is whether the guy I sold roofs and performed other services for should have withheld income tax from my commissions, and, more importantly, whether he should have withheld, or should be liable for, the half of the self-employment tax that I'm paying next week by virtue of filing a Schedule C. I hope this clarifies matters. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
#-1
| |||
| |||
| DFStoneJr wrote: - quote - > 1) Is Joe a statutory employee or a legitimate independent
You know, I have been puzzling and puzzling over this> contractor? thread. Are you using the words "statutory employee" to mean something other than "gets a W-2 with no FITW and the "statutory employee" box checked, and reports his income on Line 7 and expenses on Sch C," and if so, could you please use a different word? Might I suggest "common-law employee," which is one of the other 3 choices, the remaining two being statutory non-employee and common-law non-employee.] Phoebe ![]() << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| 1040, employee, implications, statutory |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| UK use of Money Plus.... what are the implications ? kevshed: Hi all, Given there seems to be a glut in support for UK specific versions of these types of products these days, im considering buying a US... | Microsoft Money | 5 | 10-15-2008 04:57 PM | |
| M04 stopped updating--implications? XB77: I am using Money 2004 Deluxe and it has stopped updating (the Money Updates, not prices or financial institution downloads, which appear to be... | Microsoft Money | 4 | 01-06-2006 11:19 PM | |
| Re: IC or statutory employee?; implications for 1040 DFStoneJr: It's not a homework assignment. Honest. I just used the hypothetical format I became familiar with in grad school 19 years ago; I also figured it... | Taxes | 19 | 04-26-2004 03:09 AM | |
| Quitclaim Deed Tax Implications? smt0222: My friend's mom did a "Quit Claim Deed", selling her 25% interest in a home (property) she was living at (for more than 2 years) to her Aunt for... | Taxes | 1 | 02-15-2004 03:44 AM | |
| Thread Tools | |
| Display Modes | |
| |