Paychecks with no taxes taken out?
You'd be wise to send a quarterly return and pay around $1000. Use form 1040ES, and send it by Sept 15. You don't have to pay in EVERY quarter since he is no longer working for them.
by Judy - 9 hours ago
If no taxes were deducted from his paycheck, then he is a 1099 status...that is, he was considered a contractor. Contractors are supposed to pay "estimated" federal and state taxes every quarter as long as he was collecting a paycheck from this company. I got my accountant to figure out my estimated taxes and he printed out a bunch of payment stubs for me to pay off every 4 months....April 15th, June 15th, September 15th, January15th. If your husband is back to a regular W2 job, he won't have to make additional Estimated Tax payments anymore...just up until the quarter that he was being paid for. So if his 6 weeks pay crossed any of the quarters, he'd have to pay estimated tax for both quarters. It's better to over-estimate and then get some money back at the end of the year than to under-estimate because then you'll have to pay penalty and interest on the amount you underpaid.
by koiboy - 9 hours ago
Call the local IRS office and they can help you. It isn't just that they didn't take taxes out of his check; they may also have not paid their employer share as well. I quit a job for the same reason. The IRS actually went after my former employer as well since they were doing a lot more than just not filing employee taxes.
by TotalRecipeHound - 9 hours ago
Your husband should receive a form 1099 from the company that paid him. This will have to be listed on your IRS return next year. No, he does not have to file quarterly. Technically he was an independent contractor.
by prwagner3 - 9 hours ago
Tax Form 1099 check with accountant on what % is for State/Fed.
by Laurie B - 9 hours ago
If you look in a phone book or online in the yellow pages look up "tax services" there should be plenty of agencies that can help you get the forms that you need, or tell you how to get them. Also, you could just call the IRS and tell them that you need quarterly filing forms, or ask how to get them. And depending on when he quit, you may not have missed the cut off for his quarter.
by Shy one - 9 hours ago
i was a 1099 emplyee (basically a contractor) for a while couple years ago and was paid without tax deductions and I didn't have to file every quarter, only in april and i had no problems (and it was more money).
by SoStayWithMe&I'llHaveItMade - 9 hours ago
why do you have to file each quarter? you husband was hired to be a payrolled employee, he is not a business they hired as a contractor. take half of that money and stick it in a money market account and claim the check as income when you get your taxes done.
by Heisenberg - 9 hours ago
Since you are straight with the IRS I would suggest you call them. They are very nice to people like you.
by Les B - 9 hours ago
You actually do not owe until april 15 of next year when you file your income tax. You do not have to pay now. Paying quarterly is an option so you don't get hit with it all at once. As for figuring it out you need to go to IRS.gov and find out what percent of taxes you usually pay. My husband pays about $70 every week for a $500 check. so I would save about $500 for it.
by blahblahblahblahblah - 9 hours ago
listen to the terminator
by doug - 9 hours ago
Normally the company should send him a W-9 form if he was paid but no taxes were taken out.
by suthrngirl - 9 hours ago
Who knows you might be able to get away with it. You have 3 years to hide from it. If $3,150 is the only amount made for the year, then there is no problem. Was it a W-2 or a 1099-Misc? 1099-Misc means that your husband was an independent contractor for the company meaning the corp doesn't have to worry about paying taxes on his behalf. That means if the company reports his income you have to report your income because they will find out. I suggest you file an amendment tax return on the year the inceome was reported if it was this year then just have money saved up to pay the taxes yourself. no more than $300 for the amount described.
by $port$Fan - 9 hours ago
Well my sister did her own daycare, and she paid her taxes at the end of the year when she filed. And her taxes were 27-30 percent of what she made. I am comfortable telling you that you would not have to report this earn income until the end of the year, when you do your income taxes.
by J - 9 hours ago
You only file income taxes once per year. The amount taken is roughly equal to 20 to 25%.
by Granny - 9 hours ago
I think that is against the law for a company to do that. Id call the IRS or go to irs.gov.... I think there might be a reward if you turn that company in. Im also pretty sure you can do so annonymously.
by justaguyfromthewindycity - 9 hours ago
I would visit IRS.gov. Since Texas doesn't have a state income tax, you only need to worry about federal, but as to the process of how you pay your taxes, I'm not sure.
by ALFimzadi - 9 hours ago
ya so.....u can decide if u want the tax taken out or not from ur chec
by Mike - 9 hours ago
The IRS will be knocking on your door soon. Don't answer...RUN!
by Y!A Terminator - 9 hours ago
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