This particular "trick" often lures in young and unsuspecting workers. Instead of hiring you as an employee, an employer will <wink, wink> say that you'll be hired as an independent contractor "for tax purposes." Maybe you assume it's legit and they're using a loophole, or...? But the job pays better than you'd hoped (or maybe it doesn't), so you take it.
At first, things seem even better than you expected. They're not taking ANYTHING out of your check. Yay, right? Wrong. In fact, it's wrong in (at least) three parts:
1 - Those taxes (FICA, etc.) that would usually be taken out of an employee's check are still owed. And you owe them, not your employer. You will be in for a big shock when you do your taxes.
2 - Not only do you owe the usual taxes that you would normally pay as an employee, but you owe additional taxes as a "self-employed" worker. These are the taxes that an employer pays to the IRS on behalf of its employees. (These tax payments don't show up on an employee's... keep reading on reddit ➡
I have been working with CPA who is a close friend of my dad’s. He does my taxes and helps me put together documents when I need them. Recently, he needed to go over my previous tax returns for something but I didn’t have the copies, so I just paid for a form 4506 or something to get the IRS transcripts to him.
After we went through my tax returns, he discovered something in my employment history that I had never mentioned to anyone. In college and grad school, I was a cam model for an agency that is completely legit and 2257 compliant. But it does show up in my tax returns because I paid taxes on the earnings.
So I told him the cam model work history, and he looked visibly upset (through zoom anyway). Part of the reason is that he knows his son and I are fooling around (strictly fuck buddies) and that his son is really into me, and wants things to be serious. I already get the sense that he is not into our friendship. I think this work history just confirmed whatever fears he had.... keep reading on reddit ➡
GIVEAWAY OVER. CONGRATS TO u/dyllvn
I’ve seen this before and have always wanted to contribute! I took a long break from gaming because of life and responsibilities, but this quarantine has given me the opportunity to find my love for gaming all over again! I am blessed in life in that I am able to purchase any game I want, but I know not everyone is in this position. That said, leave a comment below with the name of a game you have always wanted and why. I will use reddit raffler to pick a random winner Monday evening at 9pm EST. Hopefully I can also help someone restart their interest in gaming with a new game!
EDIT: clean up the wording a bit.
Congrats to u/dyllvn !!!! I will PM you in a few minutes!
>I’d love Red Dead Redemption 2. On a tight budget right now and don’t really have the funds for it. Thanks for the chance OP!
A few weeks ago, I filed my tax return when I realized that I made over 13k dollars from my internship + my college on-campus jobs.
I got an email confirming that I've completed the return and I waited. 1-2 weeks went by and I didn't get any money, nor any email response from them. So I went back to the website where I filed my taxes and I found out that it was rejected (why the fuck didn't they email me this???), and it was because I was put down as a dependent on someone elses' tax return.
I found out that my father put me down as his dependent. I have not lived with him since I was 10. I have never stayed at his house for more than 4 hours.
Now, I'd be missing out on a 1.5k return and a 1.2k stimulus because of this.
He told me that he'll append his tax return to remove me as his dependent, but I read that it will take 16 weeks to complete. And the tax return deadline is on July 15.
I have absolutely no way of contacting the IRS. Their phone number isn't accepting any calls.... keep reading on reddit ➡
I see this claim all over the place whether it be “free” healthcare or phrased as “handouts” or what have you. I’m a tax paying citizen. If I get something from my government I paid for it, it’s not free. And no, that doesn’t mean you can decide to not pay taxes. My taxes go to building a bridge on the opposite side of the country I’ll never use or to support political ideas I don’t support or to bailout companies that shouldn’t be bankrupt. Just because you don’t like me or anyone else getting something doesn’t suddenly make it free rather than earned, and it doesn’t suddenly mean you can opt out of paying for what is deemed the collective good.
Just announced in webcast.
AIP will be paid if eligible. Unclear if "promotion" means level change- seems likely it does.
Update: This is a 5 percent layoff. 1.5 percent after that will be furloughed.
Update #2: Advisory also announced layoffs
Update #3: Audit announces layoffs to the tune of 3 percent of headcount.
Hope this helps. Much love, stay safe out there everyone.
Mike Bloomberg recently dropped out of the 2020 Presidential race after spending over $500 million dollars of his own money on his campaign. Even with this loss, he is still worth over $55 billion dollars.
I believe that this effortless spending on Bloombergs part showcases the reality that is wealth inequality between the ultra rich and working class. While I do not believe the rich should give up their fortunes, I do believe that any arguments against taxing them more is simply propaganda from those who hold the wealth and higher power at this point.
Certain media outlets claim that taxing the super wealthy is unfair and would be detrimental to those below them due to "trickle down" effects. There is also rhetoric that many self made billionaires worked hard for their fortunes, and that if we as Americans work hard, we might be rich ourselves one day.
I believe that moving forward, we should push for much higher taxes on those earning/worth more than 1 billion USD. If the money... keep reading on reddit ➡