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 Do i have to pay capital gains ??
If i buy a property in the hope of making a profit,is it true that i have to hold on to it for 10 or 12 months before i can re-sell it without having to pay capital gains . I really wanted to buy ...


 ANOTHER Stimulus Question *sigh*....I know, I know.?
Got my letter last Friday, Telling me we would have it BY 6/27. Well, It's 6/27 and the mail has run and to no avail, NO CHECK!

My parents and sister however, Got their check BEFORE ...


 Why am i not getting a refund as a 19 year old. just becuz of filing as an independent??? what the hell is tha
I am an financially independent 19 year old who filed 2007 taxes. However, my parents can claim me as a dependent, so can i not get the rebate? this is so dumb....


 Can i get away with no claiming this income?
i did some paperwork for my brother in law for his trucking company for a few months this year. he either paid me by check..200.00 or cash when he wrote the check it never said what it was for.
...


 Am I liable for my dad’s failure to pay his taxes?
My dad sold stock, given to me by a family member, when I was 14. He was placed in charge, per my relative’s wishes, and sold the stock, but he did not file the taxes on the capital gains. I’m ...


 Filing status married vs married filing separate?
my husband makes 3x more than i do. is there any benefit to filing "married filing separate" returns. we have 4 children that are MINE from a previous marriage and i am desperate for ...


 I sold a rental property last year and made $150K on it. DO I have to claim this income on my taxes?
...


 Is my boss breaking the law if he doesn't pay me any holiday pay? I pay tax and N.I?
...


 Its my 1st job and on my 1st wage slip I payed alot of tax, are you not allowed to earn so much money 1st?
I am 18 years old, help would be appreciated on taxes.. ...


 I like paying TAX do u do dudes?
NOT...


 Can anyone answer this question??!!!!?
What about the interest (borrowing) cost specific to a development site which is also qualifying business asset. Can this cost be capitalised during the active development period? In simple words ...


 Guys I'm stressing out can you recommend a cheap way to file taxes.?
Hi, I would usually have a friend of my boyfriends mom file my taxes for cheap but I dont want to wait I have never done my taxes with anyone else I'm stressing out I have 3 short simple forms ...


 Please help, we have serios IRS problems.?
Ok, I will not bother to go into the how this happened, but the IRS is now garnishing my wife's wages to the point to where we will not be able to pay the rent on our house. Whats worse is that ...


 Can someone help me out to fill this form? 10 pts!?
http://www.irs.gov/pub/i translate it to english? i don't understand it.

in Part 1:
1). Individual income tax returns (Forms 1040, 1040A, 1040EZ, 1040NR, ...


 Is it legal for a CPA to show my tax papers to my nosey father without me knowing? (I moved out in 1975)?
...


 Can boyfriend file me as a dependant?
Im wanting to go back to college, but you have to fill out your parent's tax stuff on the FAFSA. Thus making me ineligible for grants, even though they live in another state and have for over a ...


 Is there any way that a disabled person can defer or postpone a outstanding amount with the IRS?
..not trying to cancel the debt, just postpone or defer for now....


 Is money inherited considered income?
My mom received $9000.00 inheritance from her mother.The money was received from an bank account her sister and husband have managed for my grandmother.My mom is considered at poverty level.She is ...


 Do Food Stamps or WIC Negatively effect you tax return/refund?
Since I have pretty much quit working my husband and I qualify for food stamps, and WIC (just had a baby) and I we cant decide if we should go get them because we dont want our tax return to be ...


 Can i file for taxes with only public assistance ?
i dont have a w-2 form can i still file for ...



spraymonkey001
Employer switched everyone from W-2's to 1099's?
I've been working at this place for 3 years.One day my direct deposit isn't there.Since then they have been paying everyone cash and told us this is the way it's gonna be from now on.What do I do? Also we have an IRA with this company and they have been taking money out of everyone's check but they have put nothing in the IRA acounts.Do they owe us only what they took out of our checks or do they also owe the amount they pledged to contribute from their end and what about the instrest that would have been gained had they put the money in when they were supposed to.Also now that basically all their employees are subcontractors do they need to carry workmans comp,what if I get hurt on the job???This is in Miami,Fl by the way and I know this is a lot to shove in one question but any help would be greatly appreciated...Thanx
                     
 




ninasgramma
Rating
I agree with the other answerers. This business is ready to fold, and they are desperate for cash. They do not want to, or do not have the cash, to pay the payroll taxes. They are withholding your retirement money and not investing it.

Get another job immediately. Until you do, keep records of your hours worked and payments received. Contact the Department of Labor for your state. Your employer has misclassified you. You will not have to pay the employer's SS and medicare, only your part. Your employer is required to participate in worker's comp and the state unemployment insurance on your behalf.

As for your retirement money, you can get a copy of the plan from the plan administrator. If your employer is keeping your money and not depositing it, I would call the US Department of Labor hotline 866-444-3272.

I would be worried that this employer may in fact be taking money out of your retirement accounts, check with your plan administrator and raise hell if you see this happening (DOL hotline number above).


labmuttmix
Rating
You need to contact your state labor commission for advise. If you work only for that one company, and they tell you where to go, what to do and how to do it, it is most likely illegal for them to treat you as a subcontractor rather than an employee.
If they are still taking IRA deductions from your paychecks but not depositing them into your account, they owe you an explanation of what is being done with your money. They are most likely violating state and federal tax laws because your withholding amounts are being put at risk.
Personally, while investigating all of this, I would also be looking for another job. Obviously if this company made all these changes without letting their employees know what was going on, they don't care about their employees (subcontractors).


SPIFIMAN1
You are all now self employed. This means that you are liable for all taxes including Federal, State, local and Social Security. And insurance both Workers compensation and health.

As far as your IRA accounts, if you have the agreement in writing? You need to contact a labor lawyer or your State labor board.

Your employer is putting it to all of you. You need to join together and go to your State labor board and complain.


stefa1mg
If they are paying you in cash something very strange is going on. There is no way of telling what, but I would be very concerned.

As for your IRA accounts, ask your employer if they are going to make their matching contributions for the amounts you contributed. If they say no, consult an attorney.

Finally, workers compensation is based on state law, whether they need to cover their employees is based on the state's definition of an employer, not by how they classify themselves. Also, it may not be in the employer's best interest to try to get out of workers' compensation because it could open themselves up to tort liability from their employees. Again, these questions are best left to an attorney in Florida.


Elsa D
Rating
You need to call the state labor board. I am pretty certain that they have done several things that are illegal.

Basically you were all fired and made self employed, without the benefit of filling for unemployement. They are also no longer paying their taxes as employeers, as you don't really work for them. They can't do this at all if you report to a place of work, and it is questionable if you work from home. If you are salaried you have to be an employee.

They are presently not paying workmans comp or unemployment insurance, your IRA, nothing at all.

They committed many no-no's with this little trick to try and save money. They owe you more then you posted here, they need to acknowledge that you have a real job.


Wayne Z
Rating
Sounds like they may be in financial trouble. It may be time to look for a new job.

If your job hasn't changed and you still work at their direction on their premises, they can not change you to a 1099....period. You can file a form W8 with the IRS and have them make a determination of your status. You will probably be fired for doing so.

Personally......I would just go get a new job.


Judy1
I would call both the IRS and the Department of Labor and report this.

They can't just decide to pay you on a 1099. There are very specific rules on whether you are an employee or not, and it depends on your job duties and how much control the company has over your work rules. This is the part the IRS would be involved with.

As to the IRA contributions (is it an IRA or a 401K?), they might be within their rights to discontinue their match, but deducting money from your checks and then not depositing it is definitely not allowed - both the IRS and the DOL might be interested in this part.

It sounds like a company on very shaky grounds, maybe about to go under. I'd look for another job.


bostonianinmo
It's almost certain that your "employer" is breaking the law. Assuming that he still directs when you will work, how you will do your jobs, and provides the facilities for you to do your jobs there's little question that you are employees and NOT independent contractors.

I would suggest that you get as many folks together as possible and download Form SS-8 from the IRS website. Here's a link: http://www.irs.gov/pub/irs-pdf/fss8.pdf

Each of you -- the more the better -- should file these as quickly as possible. The IRS will investigate the matter and render a decision as to whether you are employees or independent contractors. In most cases this will go in your favor, especially since your employer just switched gears on this.

Once the IRS has laid down the law with your employer you'll be back on board as employees and the employer will be hit for any payroll taxes and withholdings that he did not pay in to the IRS.


ed s
you can sign yourself up with a leasing co. as an employee. this is prob. the only way your gonna get workers comp. and get yourself some liability ins. you will have to have comp. because your in construction. fla. will screw you hard. basically you become your own employee. they will take care of all the taxes and w-2's. it sounds to me your boss got caught without workers comp. or lost his insurance or at the very least owes the payroll co. alot of money he never paid..


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