T
texjim
Guest
What is the name of your state? Texas
I worked for an employer about 10 months in 2002. I received my W-2 from them but also received a 1099-MISC. The 1099-MISC was hand written and was for monthly bonuses I received while working there. The problem is he put the bonuses under nonemployee compensation. When I asked the company about this they said the bonuses where paid out of a different account and that is why they put it there in box 7.
So my question is is this legal for them to do this?
I understand why he did it. This way he did not have to pay half of the SS and MED. I'm responsible for paying the full thing. Thus reducing his bonus to me. If I had big bonuses this could of add a whole lot to my tax liability. Good thing the bonuses add up to a little over $2,000.
What are my options?
Jim
I worked for an employer about 10 months in 2002. I received my W-2 from them but also received a 1099-MISC. The 1099-MISC was hand written and was for monthly bonuses I received while working there. The problem is he put the bonuses under nonemployee compensation. When I asked the company about this they said the bonuses where paid out of a different account and that is why they put it there in box 7.
So my question is is this legal for them to do this?
I understand why he did it. This way he did not have to pay half of the SS and MED. I'm responsible for paying the full thing. Thus reducing his bonus to me. If I had big bonuses this could of add a whole lot to my tax liability. Good thing the bonuses add up to a little over $2,000.
What are my options?
Jim