smithff33[at]aol.com (Herb Smith) wrote:
- quote -

So i work full-time for this company. I am not self-employed.

Regarding late notice, yes i never paid attention to my W2.
BTW i am not the only employee whose SS and medicare was not
deducted. There are more.

One interesting development - since then i have spoken to
IRS. Per IRS, I do not owe them ath. They have asked me to
get in touch with SS office. Does any one has any idea if SS
folks have penalties or interest ...?

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

shariq94[at]yahoo.com (sqs) wrote:

- quote -

And you just noticed?

As a result I owe IRS around $ 17,000.

- quote -

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

"sqs" <shariq94[at]yahoo.com> wrote:

- quote -

You left one extremely important piece of information out of
this. By your company to you mean just where you worked, or
do you mean a company that you personally own?

Jo

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

My company has not deducted social security and medicare tax
for last 3 years. As a result I owe IRS around $ 17,000.

1. What sort of interest and penalty I will have to pay?
2. What are my options here?

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