<kupchik[at]hotmail.com> wrote:

- quote -

The 8919 instructions tell you to enter reason code D. I find those
instructions ambiguous about whether in your specific situation you should
also enter reason code G, but they definitely say you don't need to complete
an SS-8. So, if Big Daddy Software won't let you finish without checking G,
check it.

--
Phil Marti
Clarksburg, MD

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >

On Mar 24, 3:55*pm, "Phil Marti" <prm20...[at]verizon.net> wrote:
- quote -


If I report this income on 8919, what code do I select? If I select D
(I was previously treated as an employee), my computer software
requires me to also select code G (I filed form SS-8 with the IRS).
Should I just select D & G and not file the SS-8?

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >

<kupchik[at]hotmail.com> wrote:

- quote -

Report it as wages on line 7 and use the 8919 to caluclate and pay the
employee's share of FICA/Medicare. The SS-8 is used to get a determination
of whether there's an employer/employee relationship, but that's already
established through your W-2 history with the employer. Thus, there's no
need for an SS-8.

--
Phil Marti
Clarksburg, MD

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >

On Mar 22, 10:55*am, "Phil Marti" <prm20...[at]verizon.net> wrote:
- quote -

Phil,

Somehow the key point that I was trying to make was deleted by the
moderator from my question.
I do NOT work for the bankrupt company either as an employee or as an
idenpendent contractor anymore. I have just received a payout of
"serverence pay", which was earned from my prior employee work. This
is being reported to me on a 1009-misc (I believe it should have been
reported on a W-2).

How do I report this, and if on a 8919, do I need to file an SS-8?


========================================= MODERATOR'S COMMENT:
The moderator either approves or disapproves messages as a whole, and does
not delete portions of them.

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >

<kupchik[at]hotmail.com> wrote:

- quote -

You indicated in your OP that you were already classified as an employee
(getting W-2's). If your work for this now bankrupt payor was as an
independent contractor (getting 1099's), you need to report the payment on
Schedule C and pay full self-employment tax.

--
Phil Marti
Clarksburg, MD

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >

On Mar 8, 12:28*pm, "Phil Marti" <prm20...[at]verizon.net> wrote:
- quote -


========================================= MODERATOR'S COMMENT:
Please delete all unnecessary parts of the prior message when responding.

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >

<kupchik[at]hotmail.com> wrote:

- quote -

I'd report it as wages on line 7 of the 1040.

- quote -

No. Include Form 8919 with your return to compute and pay the employee's
portion.

- quote -

Yes

--
Phil Marti
Clarksburg, MD

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >

If I get a 1099-misc from my former employer as a partial payout
(banruptcy) for severence pay and nothing was withheld, how does this
get reported.
Do I have to pay their portion of SS tax? Is this considered earned
income for the purposes of IRA contributions?

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >