New answers tagged tax-law
20
A babysitter is a household employee in the IRS's parlance. This means that:
[Y]ou may need to withhold and pay social security and Medicare taxes, pay federal unemployment tax, or both. To find out, read Table 1.
You don't need to withhold federal income tax from your household employee's wages. But if your employee asks you to withhold it, you can.
The ...
0
$2,300 a year or $1,000 in a quarter
Source: https://www.poppinspayroll.com/resources/virginia
1
Can company A transfer the shares into company B as assets?
Of course. Anyone (which includes Company A) can do what they like with their assets. They can sell them, gift them, pile them up douse them with petrol and set fire to them (subject to environmental law of course) etc. For example, many companies donate to charity.
The directors who authorise the ...
1
First of all, I am not sure what is meant in the question by "taxing you on money you are yet to make". Federal income tax withholding does not occur until the wages or other income is paid to the taxpayer. Federal estimated tax is paid quarterly bases o9n actual income for the previous part of the year. Federal income tax is not due until 4 months ...
3
If it is a multi-party contract, generally all parties to the contract have liability for its breach regardless of who is supposed to receive payment.
It is possible to contractually negotiate for limitations of liability in a contract, but not all liability and only with clear language to that effect.
Further, if the CorpA and Corp B and Corp C all ...
Top 50 recent answers are included