|
#39
| |||
| |||
| I own a company in which I earn well over the SS limit. If I pay myself salary in a second company, can I be exempt from withhold SS if I don't draw any salary until after I'm over the limit in company A? Although I realize I can get the overwithholding back on my 1040, the employer's portion is lost. Thanks, Tommy << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| fica, question, withholding |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Question about the 90%/100% withholding rule DFStoneJr@yahoo.com: I'm aware that, in a general sense, I need to have withheld (or made quarterly payments by Jan. 15, or some combination of the two by Jan. 15) an... | Taxes | 3 | 01-14-2005 10:56 PM | |
| FICA + Self Employment Tax cap? Holly: Is there a cap on total FICA and Self employment Tax combined? Example: Let's say you make $100k from your employer in which case you hit the... | Taxes | 6 | 12-19-2003 01:21 PM | |
| Thread Tools | |
| Display Modes | |
| |