Skip to main content
January 31, 2020
Question

What will happen if the employer didnt hold out and federal taxes on you

  • January 31, 2020
  • 1 reply
  • 0 views
No text available

1 reply

VolvoGirl
Employee
January 31, 2020

You will owe the tax on your tax return.  Did you get a  W2 or a 1099Misc?  Did the employer deduct anything like Social Security and Medicare?  If you got a 1099Misc or no form then you were paid as an independent contractor not as an employee and will owe self employment tax on it.  

 

If you are an employee and get a W2 did you maybe tell the employer you were exempt from withholding?  Then you need to give him a new W4 to start taking withholding out.

https://www.irs.gov/pub/irs-pdf/fw4.pdf