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8879c Form

8879c Form

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okay for this video i wanted to walk through irs form 8959 the additional medicare tax and some simple computations for the two most common occurrences we see where part one if you have additional medicare tax on wages so w-2 compensation from your employers or it might apply to you in part two additional medicare tax on self-employment income now there is a third part additional medicare tax on railroad retirement act compensation but frankly don't see this too often and just for purposes of this video i wanted to stick with what i see most common in practice is definitely the additional medicare tax imposed in one of these two sections okay so i've got the form in front of us here and a slime uh with the fact patterns that we're going to look at and then we'll jump back to the 8959 so the 8959 is used to report an additional 0.9 percent medicare tax on earned compensation so that's w-2 wages or self-employment income via schedule c or maybe you

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