You'll need to sign in or create an account to connect with an expert.
what your employer did is not proper. the bonus should have been on the w-2 and Medicare and FICA taxes taken out. you are misreporting the income otherwise. you will pay double those taxes this way and may even get the QBI deduction which as employee compensation don't qualify for. if your employer won't comply, you can inform them you'll be contacting the IRS to pursue this matter. and that's what you are supposed to do
Under Income
Scroll down to "Other Common Income"
Select Start by either 1099-NEC or 1099-MISC depending on what you received.
what your employer did is not proper. the bonus should have been on the w-2 and Medicare and FICA taxes taken out. you are misreporting the income otherwise. you will pay double those taxes this way and may even get the QBI deduction which as employee compensation don't qualify for. if your employer won't comply, you can inform them you'll be contacting the IRS to pursue this matter. and that's what you are supposed to do
W-2
Your employer should have reported your bonus on your W-2 as noted. There is a way for you to report it and pay only your share of medicare and social security tax. The IRS will go back to your employer for their share. Here are the steps to report your bonus with your W-2.
See the IRS Form SS-8 to determine if you should have been paid as an employee.
On the dotted line to the left of the amount on line 1 there will be a notation "F8919" and the amount. Form 8919 will be included in the return, with reason code H in column (c). Form 8919 will calculate the Social Security and Medicare taxes that your employer should have withheld from the bonus. The total of these taxes will appear on Schedule 2, line 6, and will be included in your total tax liability.
@Luismiguel

Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
user17709588398
New Member
dmcgaw6217
New Member
majorbyte
New Member
pivotresidential
Level 1
user17701539135
Level 2