Numfar! Do the dance of joy.

Elder ,'Power Play'


Natter 53: We could just avoid making tortured puns  

Off-topic discussion. Wanna talk about corsets, duct tape, or physics? This is the place. Detailed discussion of any current-season TV must be whitefonted.


Dana - Sep 11, 2007 10:11:40 am PDT #9726 of 10001
"I'm useless alone." // "We're all useless alone. It's a good thing you're not alone."

Um. I would guess that reporting it as a bonus would be simpler for you, tax-wise. (Simpler in terms of paperwork, not taxable amount. I have no idea about that). If you report it as self-employment income, you'll have to calculate the tax on it and fill out a Schedule SE.

I'm just not sure how you report it as a bonus.


Steph L. - Sep 11, 2007 10:14:44 am PDT #9727 of 10001
the hardest to learn / was the least complicated

If you report it as self-employment income, you'll have to calculate the tax on it and fill out a Schedule SE.

But can I report self-employment income from the same employer for whom I'm a full-time salaried employee? That doesn't seem possible. Don't you have to be one or the other, in terms of who pays you?


§ ita § - Sep 11, 2007 10:17:03 am PDT #9728 of 10001
Well not canonically, no, but this is transformative fiction.

And Steph--they paged both my GP and my specialist--not sure how long it took my GP to get back to them, but it was more than an hour for the specialist. My hope is that the specialist (who's remarkably unavailable--1/2 a day of clinic per week) talks to the GP who's a little more findable, and the GP can speak with authority and in a timely manner, whether prompted by me or ER staff.

Means I'll have to go the hospitals I really don't want to, but there's a limit to how much I can like a hospital where I get either really good or totally inadequate care and there's no way to find out which beforehand (I tried calling--they were hip to my tricks).


DavidS - Sep 11, 2007 10:17:49 am PDT #9729 of 10001
"Look, son, if it's good enough for Shirley Bassey, it's good enough for you."

Tep, I'd totally report it as a bonus, and you should have your boss structure the payment that way.


Dana - Sep 11, 2007 10:18:22 am PDT #9730 of 10001
"I'm useless alone." // "We're all useless alone. It's a good thing you're not alone."

I'm not sure, honestly. I guess using the same Employer ID would probably catch the attention of the IRS, but apparently that happens a lot with your company.

Google's no help. If you get desparate, I probably know someone I can ask or direct to your LJ.


Liese S. - Sep 11, 2007 10:19:38 am PDT #9731 of 10001
"Faded like the lilac, he thought."

Yeah, it's a problem, Steph. 'Cause as I understand it, there are pretty strict rules about how a person gets classified as an employee or as a contractor (and if you're not getting a 1099, you're not even talking contractor here). Some of which include, does the employer set your tasks and control your hours.

Part of the problem is going to be, the government is owed not only your taxes on it, but your employer's side taxes (companies match your social security and medicare taxes that get withheld), which it seems clear they're trying not to pay. If you were self-employed entirely, you'd be making up that portion in your own taxes. For us, as a company, we pay those payroll taxes as well as, you know, not getting the employee portion in our salary income.


Sparky1 - Sep 11, 2007 10:19:54 am PDT #9732 of 10001
Librarian Warlord

Steph, I think that bonus income is supposed to be reported on a W-2 if you're an employee and if you're not than on a 1099.


flea - Sep 11, 2007 10:20:47 am PDT #9733 of 10001
information libertarian

This is where Scola usually shows up and says [link], right?


flea - Sep 11, 2007 10:21:50 am PDT #9734 of 10001
information libertarian

Hey, while I have Steph, do you agree with my father that there is no way to get one's children adequately schooled in the Cincinnati public school system? He insists it's private/parochial, suburbs, or death.


tommyrot - Sep 11, 2007 10:22:37 am PDT #9735 of 10001
Sir, it's not an offence to let your cat eat your bacon. Okay? And we don't arrest cats, I'm very sorry.

You could just call the IRS and ask them what to do. This would probably get your employer in trouble, but I think that's inevitable.