Questions tagged [employer]

23 questions
30
votes
2 answers

Is being asked to pay for business supplies via Bitcoin an employment scam?

I applied online for a job, but my profile does not involve my qualifications, only my age and my name. The next day an email was sent to me by a company based in Florida. I was hesitant at first to accept the employment, but due to the crisis…
clefnote
  • 401
  • 4
  • 4
19
votes
5 answers

How much should I be contributing to my 401k given my employer's contribution?

I realize that this is similar to at least one question here, however, there are some differentiators. I can contribute a max of 5% of my net salary to the 401k fund. The employer matches 50% of whatever I contribute. So at most, the employer will…
NeedAdvice
  • 3,817
  • 1
  • 28
  • 43
13
votes
1 answer

Employer Side Social Security Overpayment

I had two W2s last year. I overpaid by about $2,000 because the second W2 didn't take into account the first W2. I am an employee with the first company and an employee + owner at the second company (via a S-Corp). I know I can get the overpayment…
Lloyd Banks
  • 829
  • 4
  • 14
11
votes
2 answers

Pay check from an old employer

I received a paycheck from an ex-employer via direct deposit. It looks like they forgot to take me out of their automatic system, because I definitely shouldn't have received this check. I am a U.S. Citizen, and Oregon resident. What are my legal…
Tim
  • 113
  • 1
  • 1
  • 4
7
votes
3 answers

How does the Social Security Wage Base apply to employers?

This is a hypothetical question, but let's say a person has two W-2 positions at two different companies, where they make $60,000/year each. The Social Security Wage Base for 2014 is $117,000. So the Social Security tax was paid on an extra $3000.…
Craig W
  • 16,176
  • 4
  • 64
  • 91
5
votes
2 answers

My boss wants to buy me a gift. How do I account for taxes for this?

I don't believe this is related to the personal gift tax rules as this deals with businesses giving gifts to individuals. Since I'm receiving something of value, I assume I need to pay taxes on it. Is there a limit under which it doesn't matter?…
Michael Pryor
  • 8,763
  • 4
  • 33
  • 64
5
votes
6 answers

How can I find out what % of the health insurance premium my employer pays?

Let's say I pay $600/month (deducted from my paycheck) for the premiums in my PPO plan. Is there a public place to check how much of the premium my employer pay (without needing to ask them of course)?
4
votes
1 answer

My company didn't pay taxes on my behalf

I have filed tax returns based on form 16 I got from my employer. To my surprise I get a letter from it tax department stating my claim of filling tax hasn't been found in their records and they are asking me to furnish details for my tax. Question…
Raj
  • 41
  • 1
  • 2
4
votes
1 answer

Former Employer lied on 2016 1095-C form

I was laid off work on March 5th 2015 and was provided insurance up until March 20th 2015 and then offered Cobra. My husband had a new job and his insurance started as of June 1st and we had no issues and, therefore, did not elect to pay for the…
4
votes
3 answers

If I have AD&D through my employer, should I STILL purchase term life insurance?

I'm 36 years old, married with no kids. (We're considering having a kid that but would still be at least 1.5-2 years out.) One of the things that Suze Orman and other personal finance speakers encourage people to do is to buy term life insurance. We…
user3190
3
votes
1 answer

Do I need a new EIN since I am hiring employees for my LLC?

I have an LLC that I set up but at the time it was created, the business did not have any employees (this is for consulting work I am doing). So I now have an EIN for this LLC but during the IRS interview I specifically said there would not be any…
Jeff Widmer
  • 161
  • 6
3
votes
2 answers

Past employer wants to sue for over contribution on their part to my HSA. years 2017 and 2018 can they do this?

My previous employer (March of 2019) has discovered that they were paying into my HSA account the amount for a family when I am a single person. This happened in 2017 and 2018, the amount they overpaid is 1800.00. They want me to pay them what they…
hendersnax
  • 31
  • 1
2
votes
0 answers

Do I need to merge EPF amount of different companies?

I'm from India. Everyone is saying that there should be only one EPF account, what does that mean? I have a single UAN number and since starting my professional career I have changed 2 employers and am currently at 3rd employer. In EPF account shows…
Shiva
  • 121
  • 1
2
votes
2 answers

Can any firm ask PAN details of parents in India?

An Indian trading firm I'm employed with has asked PAN details of my parents, could they misuse it ? They've said that SEBI requires them the PAN details of the Parents.
vividh
  • 21
  • 1
2
votes
1 answer

Self-funded & fully-funded health insurance plans for small businesses

Imagine that a hypothetical small business in the U.S., MoneySavers, is setting up a health insurance plan that it will offer to its employees. I'm looking for clarification on any misunderstanding that I may have given the following…
1
2