I know I'm responsible for my own taxes but my new employer wants to take out his taxes out of my commissions and also pay me via a 1099 does this sound right? Any advice would be very welcome
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I know I'm responsible for my own taxes but my new employer wants to take out his taxes out of my commissions and also pay me via a 1099 does this sound right? Any advice would be very welcome
Nope. A 1099 does not require any wihholding. There are no taxes for the employer to pay.
Scott:
That is NOT true.
If the employer and employee agree, state and federal income taxes CAN be withheld even if the "employee" is being paid under Form 1099-MISC.
Granted, that does not happen often, but it IS an option.
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