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 Form 8919 Internal Revenue Service 2023

2023-2025 Form

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so I've got a set of circumstances where I'm just doing a console and it's related to a business that is trying to determine if who they've been paying as independent contractors should they pay them as employees now we're in a set of circumstances where we've got a million dollar being reported on 1099 NEC going out to individuals so there's a lot of exposure here to start with so the first thing I told them is that here's what we're risking by getting it wrong if you take that million dollars and if they were all employees the IRS really easily would say well Social Security and Medicare should have been withheld it wasn't so you owe that and Social Security and Medicare was to be matched you didn't so you owe that that's a 15.3 3% amount right so yes there's limits and this this and this but easy math $150,000 but if you'll just triple that that's what they would o

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