"Joey Bello" <WILPENENVSERV[at]aol.com> wrote:

- quote -

Each employer has to withhold FICA.
There are no known exceptions to this
(the govt's gotta balance the budget somehow)

The employee gets the excess FICA from 2 or more jobs, if
any on their 1040.

___________________________________
<<< Benjamin Yazersky, CPA [NJ & NY] > > -----> real address on hobokeni or hobokenx <-----

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"Joey Bello" <WILPENENVS...[at]aol.com> wrote:

- quote -

No, it is one of the benefits of being an employer. To avoid
it, take a cut in pay or work for only one employer.

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Joey Bello wrote:

- quote -

Neither.

- quote -

Don't hire people who worked or will work anywhere else
during the year.

Phoebe

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No, only employees can be refunded overpaid FICA on their
half.

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"Joey Bello" <WILPENENVSERV[at]aol.com> wrote:

- quote -

No, because neither employer overpaid.

The FICA the employer remits is really two different taxes:
one on the employee, which is withheld from wages, and one
on the employer. The employer pays FICA until that employer
reaches the wage limit for the year.

There are some provisions regarding predecessor/successor
relationships between the employers in which the employee's
YTD earnings carry over, but for the everyday employment
switch, each employer pays based on its wages.

--
Phil Marti
Clarksburg, MD

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"Joey Bello" <WILPENENVS...[at]aol.com> wrote:

- quote -

Nope, none. Each employer is required to withhold employment
taxes as if you only worked for them (i.e. ignore any other
employer's deductions).

- quote -

Right, except for the amount due to Medicare tax.

- quote -

Not going to happen. Why should it? You worked for them and
received a wage, right? They owe the FICA tax, regardless of
your total income and tax paid.

- quote -

This usually only occurs in a year in which you have two or
more employers and make over (currently) $98,000. Try not to
change employers so often.

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- quote -

The only party with overpaid FICA is the employee who is
allowed by IRC §6413(c) to claim the overpayment as a
refundable credit against his tax. Since there is no
corresponding code provision for the employer, there is no
overpaid FICA with respect to the employer in this
situation.

Frederick Lorca

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Is there any way for an employer to recover the employer's
portion of overpaid FICA when the employee worked for two
different employers?

The situation is that for 2006, the $5840 employer's share
was paid by Company A and $802 was paid by Company B. $802
was overpaid by the employers. I understand that $802
employee's share of overpaid FICA will be recovered by the
employee when filing their 1040.

How and which business can recover the employer's share that
was overpaid?

If there is not any way to recover this amount, what can be
done to avoid this situation in subsequent years?

Thanks in advance for your responses!

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