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.
'Objects In Space'
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.
This is where Scola usually shows up and says [link], right?
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.
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.
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?
In addition to my regular job at a university I get paid small amounts as a consultant to various people's grants. If the consulting money comes from a grant at another university, it's considered self-employment income. If to comes from a grant at my own university, even at a different campus of my university, it's considered a supplement to my normal income, and the university includes it in my W2. So to me it sounds a little strange that you company is handling it this way.
This is where Scola usually shows up and says [link], right?
I couldn't find any good recent job listings.
Impostor!
What have you done with the real Scola?
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?
I don't think so, but the more important question is, if you do it that way, don't you have to pay all the taxes on the income (income tax as well as you and your employers share of SS)? That represents a huge chunk of the amount. Plus, if your employer is not reporting it as a bonus, I wouldn't, but I would try my darndest to get him to account for it that way because self-employment forms are a pain. I would even accept a smaller amount to account for his share of SS security to avoid that paperwork.
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.
Bah. One of the best high schools in the city --and generally ALSO very highly *nationally* ranked -- is a public high school (Walnut Hills). There's also a public Montessouri high school, which is a very good school if you dig Montessouri.
And then there are a lot of public magnet schools that have alternative structures: Paideia, etc.
It takes some work to figure out what public school is worth sending your kidlets to (because, yes, I have friends who have taught in some Cincinnati public schools, and they have horror stories about pregnant 13-year-olds who can't read, students knifing each other IN CLASS, etc. t edit but those are inner-city schools -- actual City of Cincinnati limits are geographically HUGE, so there are a lot more public schools in locations that eyou might not think are still within city limits), but private/parochial/suburbs aren't the only good schools.