Ask Experts Questions for FREE Help !
Ask
    Omaha_Rep's Avatar
    Omaha_Rep Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jun 21, 2010, 03:14 PM
    Withholding question
    I am employed with a company and taxes are taken out of my weekly salary.

    I also get a quarterly commission check and end of the year bonus.

    Question
    On my next commission check (coming July 2nd), can I "1099" that check so no taxes are taken out? The company I work for says that isn't allowed but a couple buddies of mine have done this in the recent past.

    I am fully aware of claiming that income and paying the taxes.

    In advance, thanks!
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
    Expert
    		  
    #2

    Jun 22, 2010, 07:18 AM

    Generally no - either you are an employee (on a W2) or an independent contractor ; you can't be both for the same job. Also, keep in mind that if you are paid on a 1099 the amount of social security tax you will owe is double the amount that you pay as an employee on a W2. Why would you want to pay double social security?
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Federal Withholding [ 14 Answers ]

Hello, I am not resident and not American citizen. I have opened a saving account last month in a Bank in the us and I have signed a copy of W-8. However, I am reading this month my statement and I earned interest but it was reduced by a legend "federal withholding" for about 30%. I am asking why...

Withholding Election [ 1 Answers ]

I am 63 years old and reside in Califirnia. I am cashing out my 401k Retirement Plan. As far as the withholding election what percentage should I withhold for Federal Income Tax and do I need to withhold a percentage for my State Tax? If I elect not to any income tax what penalties might I incur...

What is withholding tax? [ 1 Answers ]

What is withholding tax? What are the duties of a store-keeper? And what are the document handle by a store keeper

Withholding of taxes [ 4 Answers ]

IF I am working in NY and residing in NJ for which state my employer has to with hold the taxes.

Withholding Problem [ 1 Answers ]

Hello Sir, I was hired on H1B from December 16, 2005. My Central office is in California but my work location is in Michigan. My employer withhold California State taxes from my December and January pay and didn't withhold Michigan State tax. Actually I didn't stay or work in California at all. ...

View more questions Search